Cloudflare Inc (NET) concluded trading on Thursday at a closing price of $98.54, with 5.1 million shares of worth about $502.55 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 55.84% during that period and on Thursday the price saw a gain of about 1.09%. Currently the company’s common shares owned by public are about 298.09M shares, out of which, 292.19M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 74 times over the past 12 months. They bought 1,106,499 shares in 17 of the transactions. In 57 selling transactions, insiders dumped 437,408 shares.
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Stock saw a price change of -0.93% in past 5 days and over the past one month there was a price change of 18.78%. Year-to-date (YTD), NET shares are showing a performance of 18.35% which increased to 64.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $39.90 but also hit the highest price of $116.00 during that period. The average intraday trading volume for Cloudflare Inc shares is 4.08 million. The stock is currently trading 4.79% above its 20-day simple moving average (SMA20), while that difference is up 13.69% for SMA50 and it goes to 40.12% higher than SMA200.
Cloudflare Inc (NYSE: NET) currently have 298.09M outstanding shares and institutions hold larger chunk of about 74.85% of that.
The stock has a current market capitalization of $33.27B and its 3Y-monthly beta is at 1.13. It has posted earnings per share of -$0.55 in the same period. It has Quick Ratio of 3.50 while making debt-to-equity ratio of 1.88. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NET, volatility over the week remained 3.43% while standing at 4.72% over the month.
Analysts are in expectations that Cloudflare Inc (NET) stock would likely to be making an EPS of $0.13 in the current quarter, while forecast for next quarter EPS is $0.13 and it is $0.78 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.13 which is $0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 19.32% while it is estimated to increase by 27.03% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by DZ Bank on February 13, 2024 offering a Hold rating for the stock and assigned a target price of $110 to it. Coverage by Cantor Fitzgerald stated Cloudflare Inc (NET) stock as a Neutral in their note to investors on February 09, 2024, suggesting a price target of $100 for the stock. On January 18, 2024, Bernstein Initiated their recommendations, while on January 17, 2024, CapitalOne Initiated their ratings for the stock with a price target of $83. Stock get a Neutral rating from Susquehanna on December 15, 2023.
