Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cloudflare Inc shares valued at $6,009,539 were sold by Prince Matthew on Jan 07 ’25. At $114.72 per share, Prince Matthew sold 52,384 shares. The insider’s holdings dropped to 10,762 shares worth approximately $1.23 million following the completion of this transaction.
Also, Prince Matthew sold 52,384 shares, netting a total of over 5,970,937 in proceeds. Following the sale of shares at $113.98 each, the insider now holds 10,762 shares.
Before that, Prince Matthew had sold 52,384 shares from its account. In a trade valued at $5,957,673, the CEO & Chair of the Board traded Cloudflare Inc shares for $113.73 each. Upon closing the transaction, the insider’s holdings decreased to 52,384 shares, worth approximately $1.23 million.
As published in a research note from RBC Capital Mkts on January 03, 2025, Cloudflare Inc [NET] has been retained to an Outperform and the price target has been revised to $123. Analysts at Goldman upgraded the stock from ‘”a Sell”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of December 17, 2024, Stifel has increased its “Hold” rating to a “Buy” for NET. Earlier on December 02, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for NET stock which previously was a “an Equal-weight”.
Analyzing NET Stock Performance
During the last five days, there has been a surge of approximately 0.71%. Over the course of the year, Cloudflare Inc shares have jumped approximately 6.32%. Shares of the company reached a 52-week high of $118.13 on 01/07/25 and a 52-week low of $108.58 on 01/13/25. A 50-day SMA is recorded $105.18, while a 200-day SMA reached $87.50. Nevertheless, trading volume fell to 2.27 million shares from 1.93 million shares the previous day.
Support And Resistance Levels for Cloudflare Inc (NET)
According to the 24-hour chart, there is a support level at 113.24, which, if violated, would cause prices to drop to 112.00. In the upper region, resistance lies at 115.62. The next price resistance is at 116.76. RSI (Relative Strength Index) is 57.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 32.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
