The stock of Cloudflare Inc (NYSE:NET) last traded at $136.44, down -2.53% from the previous session.
NET stock price is now 22.55% away from the 50-day moving average and 53.57% away from the 200-day moving average. The market capitalization of the company currently stands at $46.83B.
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With the price target enhanced from $95 to $145, Citigroup Upgraded its rating from Neutral to Buy for Cloudflare Inc (NYSE: NET). On January 17, 2025, Cantor Fitzgerald recently initiated its ‘Neutral’ rating on the stock quoting a target price of $111, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
In other news, Zatlyn Michelle, President and COO sold 25,640 shares of the company’s stock on Jan 24 ’25. The stock was sold for $3,172,847 at an average price of $123.75. Upon completion of the transaction, the President and COO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 23 ’25, President and COO Zatlyn Michelle sold 25,640 shares of the business’s stock. A total of $3,150,898 was realized by selling the stock at an average price of $122.89. A total of 12.48% of the company’s stock is owned by insiders.
During the past 12 months, Cloudflare Inc has had a low of $66.24 and a high of $140.25. As of last week, the company has a debt-to-equity ratio of 1.49, a current ratio of 3.37, and a quick ratio of 3.37. The fifty day moving average price for NET is $110.4864 and a two-hundred day moving average price translates $88.64655 for the stock.
The latest earnings results from Cloudflare Inc (NYSE: NET) was released for 2024-09-30. The net profit margin was -5.97% and return on equity was -11.22% for NET. The company reported revenue of $430.08 million for the quarter, compared to $335.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.15 percent.
