Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cloudflare Inc shares valued at $2,049,447 were sold by SEIFERT THOMAS J on Feb 03 ’25. At $136.63 per share, SEIFERT THOMAS J sold 15,000 shares. The insider’s holdings dropped to 252,869 shares worth approximately $36.49 million following the completion of this transaction.
Also, Kramer Douglas James sold 2,481 shares, netting a total of over 326,648 in proceeds. Following the sale of shares at $131.66 each, the insider now holds 175,688 shares.
Before that, THOMAS J SEIFERT had added 15,000 shares to its account. In a trade valued at $2,076,000, the Officer bought Cloudflare Inc shares for $138.40 each.
As published in a research note from Robert W. Baird on February 03, 2025, Cloudflare Inc [NET] has been rated down from an Outperform to a Neutral and the price target has been revised to $140 from $125. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of January 17, 2025, Cantor Fitzgerald has initiated its “Neutral” rating for NET. Earlier on January 03, 2025, RBC Capital Mkts resumed its rating. Their recommendation was “an Outperform” for NET stock.
Analyzing NET Stock Performance
During the last five days, there has been a surge of approximately 5.75%. Over the course of the year, Cloudflare Inc shares have jumped approximately 34.00%. Shares of the company reached a 52-week high of $144.30 on 02/05/25 and a 52-week low of $108.58 on 01/13/25. A 50-day SMA is recorded $115.93, while a 200-day SMA reached $90.08. Nevertheless, trading volume fell to 3.46 million shares from 3.02 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 140.79, which, if violated, would cause prices to drop to 137.28. In the upper region, resistance lies at 146.05. The next price resistance is at 147.80. RSI (Relative Strength Index) is 78.13 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.15, which suggests the price will increase in the coming days. Percent R is at 0.03%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
