This morning we watched Cloudflare rise 1.1% to a price of $60.58 per share. The large-cap Data Processing Services company is now trading -13.97% below its average target price of $70.42. Analysts have set target prices ranging from $43.0 to $90.0 per share for Cloudflare, and have given the stock an average rating of buy.
Cloudflare has an average level of shares sold short, at 6.6% of its total share float. The stock's short ratio (also called days to cover) is 4.6. The company's insiders own 0.97% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 89.2% of Cloudflare's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Cloudflare
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Morgan Stanley | 11% | 32,119,491 | $1,945,798,823 |
| 2023-06-30 | Baillie Gifford and Company | 11% | 31,505,621 | $1,908,610,577 |
| 2023-06-30 | Vanguard Group Inc | 9% | 27,022,912 | $1,637,048,058 |
| 2023-06-30 | Capital World Investors | 9% | 26,433,363 | $1,601,333,178 |
| 2023-06-30 | Blackrock Inc. | 5% | 15,844,248 | $959,844,572 |
| 2023-06-30 | FMR, LLC | 5% | 13,216,358 | $800,646,991 |
| 2023-06-30 | Sands Capital Management, LLC | 4% | 11,404,544 | $690,887,296 |
| 2023-06-30 | Voya Investment Management LLC | 2% | 6,457,694 | $391,207,114 |
| 2023-06-30 | State Street Corporation | 2% | 5,654,459 | $342,547,136 |
| 2023-06-30 | First Trust Advisors LP | 2% | 5,272,538 | $319,410,361 |
