Stocks of Cloudflare Inc (NYSE:NET) traded higher last session on Wall Street, up 17.76% to $166.66.
NET stock price is now 41.32% away from the 50-day moving average and 83.59% away from the 200-day moving average. The market capitalization of the company currently stands at $57.11B.
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On February 03, 2025, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock increasing its target price from $125 to quote $140, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, SEIFERT THOMAS J, Chief Financial Officer sold 15,000 shares of the company’s stock on Feb 03 ’25. The stock was sold for $2,049,447 at an average price of $136.63. Upon completion of the transaction, the Chief Financial Officer now directly owns 252,869 shares in the company, valued at $42.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 03 ’25, Chief Legal Officer Kramer Douglas James sold 2,481 shares of the business’s stock. A total of $326,648 was realized by selling the stock at an average price of $131.66. This leaves the insider owning 175,688 shares of the company worth $29.28 million. A total of 12.35% 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 $144.30. As of last week, the company has a debt-to-equity ratio of 1.40, a current ratio of 2.86, and a quick ratio of 3.37. The fifty day moving average price for NET is $117.9282 and a two-hundred day moving average price translates $90.7807 for the stock.
The latest earnings results from Cloudflare Inc (NYSE: NET) was released for 2024-09-30. The net profit margin was -4.72% and return on equity was -8.71% 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. For the current quarter, analysts expect NET to generate $469.3M in revenue.
