Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cloudflare Inc shares valued at $3,172,847 were sold by Zatlyn Michelle on Jan 24 ’25. At $123.75 per share, Zatlyn Michelle sold 25,640 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Zatlyn Michelle sold 25,640 shares, netting a total of over 3,150,898 in proceeds. Following the sale of shares at $122.89 each, the insider now holds 0 shares.
Before that, Zatlyn Michelle had sold 25,640 shares from its account. In a trade valued at $3,087,055, the President and COO traded Cloudflare Inc shares for $120.40 each. Upon closing the transaction, the insider’s holdings decreased to 25,640 shares, worth approximately $0.0.
As published in a research note from Citigroup on January 17, 2025, Cloudflare Inc [NET] has been rated up from a Neutral to a Buy and the price target has been revised to $145 from $95. Analysts at Cantor Fitzgerald started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid January. As of January 03, 2025, RBC Capital Mkts has reiterated its “an Outperform” rating for NET. Earlier on January 02, 2025, Goldman upgraded its rating. Their new recommendation was “a Buy” for NET stock which previously was a “a Sell”.
Analyzing NET Stock Performance
During the last five days, there has been a surge of approximately 10.85%. Over the course of the year, Cloudflare Inc shares have jumped approximately 26.71%. Shares of the company reached a 52-week high of $140.25 on 01/28/25 and a 52-week low of $108.58 on 01/13/25. A 50-day SMA is recorded $111.33, while a 200-day SMA reached $88.85. Nevertheless, trading volume fell to 4.3 million shares from 7.64 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 134.42, which, if violated, would cause prices to drop to 132.39. In the upper region, resistance lies at 138.29. The next price resistance is at 140.13. RSI (Relative Strength Index) is 74.94 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.41, which suggests the price will increase in the coming days. Percent R is at 12.03%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
