Cloudflare Inc’s filing revealed that its CEO & Board Co-Chair Prince Matthew unloaded Company’s shares for reported $0.25 million on Apr 10 ’25. In the deal valued at $107.75 per share,2,311 shares were sold. As a result of this transaction, Prince Matthew now holds 0 shares worth roughly $0.0.
Then, Prince Matthew sold 52,384 shares, generating $5,450,501 in total proceeds. Upon selling the shares at $104.05, the CEO & Board Co-Chair now owns 0 shares.
Before that, Prince Matthew sold 50,073 shares. Cloudflare Inc shares valued at $5,287,188 were divested by the CEO & Board Co-Chair at a price of $105.59 per share. As a result of the transaction, Prince Matthew now holds 2,311 shares, worth roughly $0.25 million.
BofA Securities upgraded its Cloudflare Inc [NET] rating to a Buy from a an Underperform in a research note published recently. DZ Bank revised its rating on February 11, 2025. It rated NET as “a Sell” which previously was an “a Hold”.
Price Performance Review of NET
On Monday, Cloudflare Inc [NYSE:NET] saw its stock jump 0.82% to $107.12. Over the last five days, the stock has gained 8.91%. Cloudflare Inc shares have fallen nearly -0.52% since the year began. Nevertheless, the stocks have risen 11.49% 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 04/07/25. SMA at 50 days reached $131.95, while 200 days put it at $102.91.
Levels Of Support And Resistance For NET Stock
The 24-hour chart illustrates a support level at 104.92, which if violated will result in even more drops to 102.71. On the upside, there is a resistance level at 110.51. A further resistance level may holdings at 113.89. The Relative Strength Index (RSI) on the 14-day chart is 42.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.76%. Stochastics %K at 40.93% indicates the stock is a holding.
How much short interest is there in Cloudflare Inc?
A steep rise in short interest was recorded in Cloudflare Inc stocks on 2025-03-31, dropping by -1.43 million shares to a total of 5.87 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 7.3 million shares. There was a decline of -24.28%, which implies that there is a negative sentiment for the stock.
