Cloudflare Inc’s filing revealed that its Chief Financial Officer SEIFERT THOMAS J unloaded Company’s shares for reported $2.05 million on Feb 03 ’25. In the deal valued at $136.63 per share,15,000 shares were sold. As a result of this transaction, SEIFERT THOMAS J now holds 252,869 shares worth roughly $43.62 million.
Then, Kramer Douglas James sold 2,481 shares, generating $326,648 in total proceeds. Upon selling the shares at $131.66, the Chief Legal Officer now owns 175,688 shares.
Before that, THOMAS J SEIFERT bought 15,000 shares. Cloudflare Inc shares valued at $2,076,000 were divested by the Officer at a price of $138.40 per share.
Oppenheimer downgraded its Cloudflare Inc [NET] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in early February from “an Outperform” to “a Neutral”. Citigroup also remained covering NET and has increased its forecast on January 17, 2025 with a “Buy” recommendation from previously “Neutral” rating. Cantor Fitzgerald started covering the stock on January 17, 2025. It rated NET as “a Neutral”.
Price Performance Review of NET
On Monday, Cloudflare Inc [NYSE:NET] saw its stock jump 3.50% to $172.49. Over the last five days, the stock has gained 26.05%. Cloudflare Inc shares have risen nearly 60.19% since the year began. Nevertheless, the stocks have risen 106.95% over the past one year. While a 52-week high of $171.38 was reached on 02/10/25, a 52-week low of $66.24 was recorded on 01/13/25. SMA at 50 days reached $119.30, while 200 days put it at $91.20.
Levels Of Support And Resistance For NET Stock
The 24-hour chart illustrates a support level at 165.77, which if violated will result in even more drops to 159.05. On the upside, there is a resistance level at 177.97. A further resistance level may holdings at 183.44. The Relative Strength Index (RSI) on the 14-day chart is 85.50, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 20.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.45%. Stochastics %K at 91.21% 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.
The most recent change occurred on January 03, 2025 when RBC Capital Mkts resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $123.
