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Cloudflare Inc. (NET) Volatility At 6.09%, Should You Add A Position?

Cloudflare Inc. (NYSE: NET) is -56.71% lower on its value in year-to-date trading and has touched a low of $38.96 and a high of $221.64 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NET stock was last observed hovering at around $61.60 in the last trading session, with the day’s loss setting it -4.68% off its average median price target of $80.00 for the next 12 months. It is also 71.54% off the consensus price target high of $200.00 offered by 25 analysts, but current levels are -13.84% lower than the price target low of $50.00 for the same period.

Currently trading at $56.92, the stock is -8.74% and -7.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.02 million and changing -7.60% at the moment leaves the stock -33.03% off its SMA200. NET registered -58.44% loss for a year compared to 6-month loss of -51.59%.

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The stock witnessed a -12.78% gain in the last 1 month and extending the period to 3 months gives it a 18.09%, and is -6.61% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.09% over the week and 5.64% over the month.

Cloudflare Inc. (NET) has around 3063 employees, a market worth around $19.28B and $812.60M in sales. Fwd P/E is 661.86. Profit margin for the company is -35.70%. Distance from 52-week low is 46.10% and -74.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.70%).

Cloudflare Inc. (NET) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Cloudflare Inc. (NET) is a “Overweight”. 25 analysts offering their recommendations for the stock have an average rating of 2.30, where 11 rate it as a Hold and 1 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Cloudflare Inc. is expected to release its quarterly report on 11/03/2022.The EPS is expected to shrink by -109.30% this year

Cloudflare Inc. (NET) Top Institutional Holders

The shares outstanding are 325.20M, and float is at 262.23M with Short Float at 4.88%.

Cloudflare Inc. (NET) Insider Activity

A total of 71 insider transactions have happened at Cloudflare Inc. (NET) in the last six months, with sales accounting for 54 and purchases happening 17 times. The most recent transaction is an insider sale by Prince Matthew, the company’s CEO & Chair of the Board. SEC filings show that Prince Matthew sold 52,384 shares of the company’s common stock on Sep 13 at a price of $60.57 per share for a total of $3.17 million. Following the sale, the insider now owns 0.0 shares.

Cloudflare Inc. disclosed in a document filed with the SEC on Sep 12 that Prince Matthew (CEO & Chair of the Board) sold a total of 52,384 shares of the company’s common stock. The trade occurred on Sep 12 and was made at $65.93 per share for $3.45 million. Following the transaction, the insider now directly holds 0.0 shares of the NET stock.

Still, SEC filings show that on Sep 09, Prince Matthew (CEO & Chair of the Board) disposed off 52,384 shares at an average price of $65.98 for $3.46 million. The insider now directly holds 0 shares of Cloudflare Inc. (NET).

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