Cloudflare Inc’s recently made public that its President and COO Zatlyn Michelle unloaded Company’s shares for reported $3.17 million on Jan 24 ’25. In the deal valued at $123.75 per share,25,640 shares were sold. As a result of this transaction, Zatlyn Michelle now holds 0 shares worth roughly $0.0.
Then, Zatlyn Michelle sold 25,640 shares, generating $3,150,898 in total proceeds. Upon selling the shares at $122.89, the President and COO now owns 0 shares.
Before that, Zatlyn Michelle sold 25,640 shares. Cloudflare Inc shares valued at $3,087,055 were divested by the President and COO at a price of $120.40 per share. As a result of the transaction, Zatlyn Michelle now holds 0 shares, worth roughly $0.0.
Citigroup upgraded its Cloudflare Inc [NET] rating to a Buy from a a Neutral in a research note published on January 17, 2025; the price target was increased to $145 from $95. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid January with a ‘”a Neutral”‘ rating. RBC Capital Mkts also remained covering NET and reiterated its “an Outperform” recommendation on January 03, 2025. Goldman revised its rating on January 02, 2025. It rated NET as “a Buy” which previously was an “a Sell”.
Price Performance Review of NET
On Friday, Cloudflare Inc [NYSE:NET] saw its stock jump 0.83% to $138.40. Over the last five days, the stock has gained 10.61%. Cloudflare Inc shares have risen nearly 28.53% since the year began. Nevertheless, the stocks have risen 66.83% over the past one year. While a 52-week high of $140.25 was reached on 01/31/25, a 52-week low of $66.24 was recorded on 01/13/25. SMA at 50 days reached $113.21, while 200 days put it at $89.31.
Levels Of Support And Resistance For NET Stock
The 24-hour chart illustrates a support level at 136.88, which if violated will result in even more drops to 135.37. On the upside, there is a resistance level at 141.16. A further resistance level may holdings at 143.93. The Relative Strength Index (RSI) on the 14-day chart is 76.28, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.85%. Stochastics %K at 88.89% indicates the stock is a selling.
How much short interest is there in Cloudflare Inc?
A steep rise in short interest was recorded in Cloudflare Inc stocks on 2025-01-15, growing by 0.99 million shares to a total of 9.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 8.38 million shares. There was a rise of 10.55%, which implies that there is a positive sentiment for the stock.
