Shares of Cloudflare rose to $71.94 during today's morning trading session. Despite the 1.9% change, the large-cap Software company still trades 9.77% above its average analyst target price of $65.54. So there may be further downside for the Software stock. Cloudflare has target prices ranging from $45.0 to $85.0 per share, and its average rating is hold.
Cloudflare has an average level of shares sold short, at 7.5% of its total share float. The stock's short ratio (also called days to cover) is 6.06. 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 | $2,310,676,260 |
| 2023-09-30 | Baillie Gifford and Company | 10% | 31,058,224 | $2,234,328,710 |
| 2023-09-30 | Capital World Investors | 9% | 27,056,648 | $1,946,455,323 |
| 2023-06-30 | Vanguard Group Inc | 9% | 27,022,912 | $1,944,028,355 |
| 2023-09-30 | Blackrock Inc. | 5% | 15,825,603 | $1,138,493,918 |
| 2023-09-30 | FMR, LLC | 5% | 14,076,411 | $1,012,657,041 |
| 2023-09-30 | Sands Capital Management, LLC | 4% | 11,007,391 | $791,871,735 |
| 2023-09-30 | Voya Investment Management LLC | 2% | 6,518,042 | $468,907,957 |
| 2023-09-30 | First Trust Advisors LP | 2% | 6,123,839 | $440,548,992 |
| 2023-06-30 | State Street Corporation | 2% | 5,654,459 | $406,781,794 |
