Check Out What Whales Are Doing With NET
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Cloudflare (NYSE:NET), with significant options activity detected. The majority of the trades are puts, indicating a bearish outlook. Analysts have mixed ratings, with price targets ranging from $80 to $120.
June 03, 2024 | 8:45 pm
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Deep-pocketed investors have shown a bearish sentiment towards Cloudflare (NYSE:NET), with significant options activity detected. The majority of the trades are puts, indicating a bearish outlook. Analysts have mixed ratings, with price targets ranging from $80 to $120.
The significant options activity, particularly the high volume of puts, suggests a bearish sentiment among large investors. This is likely to put downward pressure on the stock in the short term. Additionally, mixed analyst ratings with some downgrades add to the negative sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100