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DZ Bank Downgrades Cloudflare Inc (NET) to a Sell from a Hold

In a filing, Cloudflare Inc revealed 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 $ 42.69 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.

DZ Bank downgraded its Cloudflare Inc [NET] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in early February from “an Outperform” to “a Perform”. Robert W. Baird also remained covering NET and has decreased its forecast on February 03, 2025 with a “Neutral” recommendation from previously “an Outperform” rating. Citigroup revised its rating on January 17, 2025. It rated NET as “a Buy” which previously was an “a Neutral”.

Price Performance Review of NET

On Tuesday, Cloudflare Inc [NYSE:NET] saw its stock fall -1.37% to $168.81. Over the last five days, the stock has lost -2.13%. Cloudflare Inc shares have risen nearly 56.77% since the year began. Nevertheless, the stocks have risen 61.74% over the past one year. While a 52-week high of $177.37 was reached on 02/14/25, a 52-week low of $66.24 was recorded on 01/13/25. SMA at 50 days reached $126.31, while 200 days put it at $93.32.

Levels Of Support And Resistance For NET Stock

The 24-hour chart illustrates a support level at 165.30, which if violated will result in even more drops to 161.79. On the upside, there is a resistance level at 171.35. A further resistance level may holdings at 173.89. The Relative Strength Index (RSI) on the 14-day chart is 74.65, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 16.74, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.10%. Stochastics %K at 85.96% indicates the stock is a selling.

The most recent change occurred on January 17, 2025 when Cantor Fitzgerald began covering the stock and recommended ‘”a Neutral”‘ rating along with a $111 price target.

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