Stocks of Cloudflare Inc (NYSE:NET) traded higher last session on Wall Street, down -2.62% to $156.38.
NET stock price is now 21.95% away from the 50-day moving average and 66.33% away from the 200-day moving average. The market capitalization of the company currently stands at $53.59B.
With the price target maintained at $145, DZ Bank recently Downgraded its rating from Hold to Sell for Cloudflare Inc (NYSE: NET). , while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, Riley Janel, Chief Accounting Officer sold 4,327 shares of the company’s stock on Feb 18 ’25. The stock was sold for $725,196 at an average price of $167.60. Upon completion of the transaction, the Chief Accounting Officer now directly owns 74,698 shares in the company, valued at $11.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 19 ’25, Chief Financial Officer SEIFERT THOMAS J sold 28,635 shares of the business’s stock. A total of $4,640,912 was realized by selling the stock at an average price of $162.07. This leaves the insider owning 293,582 shares of the company worth $45.91 million. A total of 12.47% 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 $177.37. 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 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.
