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After finishing at $79.11 in the prior trading day, Cloudflare Inc (NYSE: NET) closed at $78.09, down -1.29%. In other words, the price has decreased by -$1.29 from its previous closing price. On the day, 1.58 million shares were traded. NET stock price reached its highest trading level at $79.69 during the session, while it also had its lowest trading level at $77.6.
Ratios:
Our goal is to gain a better understanding of NET by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 167.33. For the most recent quarter (mrq), Quick Ratio is recorded 3.51 and its Current Ratio is at 3.51. In the meantime, Its Debt-to-Equity ratio is 1.63 whereas as Long-Term Debt/Eq ratio is at 1.59.
On July 08, 2024, Scotiabank started tracking the stock assigning a Sector Perform rating and target price of $85.
UBS Upgraded its Sell to Neutral on June 25, 2024, whereas the target price for the stock was revised from $76 to $82.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 18 ’24 when THOMAS J SEIFERT bought 15,000 shares for $79.11 per share.
Zatlyn Michelle sold 12,820 shares of NET for $988,780 on Sep 09 ’24. The President and COO now owns 0 shares after completing the transaction at $77.13 per share. On Sep 11 ’24, another insider, Zatlyn Michelle, who serves as the President and COO of the company, sold 12,820 shares for $76.14 each. As a result, the insider received 976,168 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NET now has a Market Capitalization of 26683586560 and an Enterprise Value of 26364760064. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.06 while its Price-to-Book (P/B) ratio in mrq is 30.25. Its current Enterprise Value per Revenue stands at 17.842 whereas that against EBITDA is -548.306.
Stock Price History:
Over the past 52 weeks, NET has reached a high of $116.00, while it has fallen to a 52-week low of $53.88. The 50-Day Moving Average of the stock is -1.82%, while the 200-Day Moving Average is calculated to be -6.60%.
Shares Statistics:
The stock has traded on average 2.45M shares per day over the past 3-months and 1649470 shares per day over the last 10 days, according to various share statistics. A total of 341.70M shares are outstanding, with a floating share count of 298.28M. Insiders hold about 12.71% of the company’s shares, while institutions hold 75.51% stake in the company. Shares short for NET as of 1724976000 were 9448690 with a Short Ratio of 3.86, compared to 1722384000 on 9460520. Therefore, it implies a Short% of Shares Outstanding of 9448690 and a Short% of Float of 3.49.
