Cloudflare Inc’s recently made public that its President and Board Co-Chair Zatlyn Michelle unloaded Company’s shares for reported $5.5 million on May 20 ’25. In the deal valued at $156.83 per share,35,098 shares were sold. As a result of this transaction, Zatlyn Michelle now holds 6,390 shares worth roughly $1.03 million.
Then, Zatlyn Michelle sold 25,640 shares, generating $4,028,045 in total proceeds. Upon selling the shares at $157.10, the President and Board Co-Chair now owns 6,390 shares.
Before that, Zatlyn Michelle sold 25,640 shares. Cloudflare Inc shares valued at $4,018,321 were divested by the President and Board Co-Chair at a price of $156.72 per share. As a result of the transaction, Zatlyn Michelle now holds 6,390 shares, worth roughly $1.03 million.
Mizuho upgraded its Cloudflare Inc [NET] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late March from “an Underperform” to “a Buy”.
Price Performance Review of NET
On Tuesday, Cloudflare Inc [NYSE:NET] saw its stock jump 2.35% to $161.76. Over the last five days, the stock has gained 2.69%. Cloudflare Inc shares have risen nearly 50.22% since the year began. Nevertheless, the stocks have risen 115.74% 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 04/07/25. SMA at 50 days reached $124.05, while 200 days put it at $110.41.
Levels Of Support And Resistance For NET Stock
The 24-hour chart illustrates a support level at 159.76, which if violated will result in even more drops to 157.75. On the upside, there is a resistance level at 163.28. A further resistance level may holdings at 164.80. The Relative Strength Index (RSI) on the 14-day chart is 78.83, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.46%. Stochastics %K at 95.12% indicates the stock is a selling.
