NET Shares Move Closer to Their 52 Week High.

By Ken Smith • Friday, November 03 12:25 • Permanent Link

Cloudflare stock is trading -9.05% below its average target price of $70.13 after marking a 12.7% during today's afternoon session. Analysts are giving the large-cap Software company an average rating of hold and target prices ranging from $43.0 to $90.0 per share.

Cloudflare has an average level of shares sold short, at 7.3% of its total share float. The stock's short ratio (also called days to cover) is 5.01. 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	$2,048,581,096
2023-06-30	Baillie Gifford and Company	11%	31,505,621	$2,009,428,468
2023-06-30	Vanguard Group Inc	9%	27,022,912	$1,723,521,294
2023-06-30	Capital World Investors	9%	26,433,363	$1,685,919,859
2023-06-30	Blackrock Inc.	5%	15,844,248	$1,010,546,118
2023-06-30	FMR, LLC	5%	13,216,358	$842,939,297
2023-06-30	Sands Capital Management, LLC	4%	11,404,544	$727,381,802
2023-06-30	Voya Investment Management LLC	2%	6,457,694	$411,871,715
2023-06-30	State Street Corporation	2%	5,654,459	$360,641,388
2023-06-30	First Trust Advisors LP	2%	5,272,538	$336,282,467

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.