Shares of Cloudflare rose to $139.79 during today's afternoon trading session. Despite the 10.5% change, the Large-Cap Software company still trades 27.93% above its average analyst target price of $109.27. So there may be further downside for the Software stock. Cloudflare has target prices ranging from $57.0 to $150.0 per share, and its average rating is buy.
Cloudflare's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.0%. The stock's short ratio is 3.16. The company's insiders own 0.59% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 86.2%. In conclusion, we believe there is mixed market sentiment regarding Cloudflare.
Institutions Invested in Cloudflare
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Capital World Investors | 12% | 35,148,892 | $4,913,463,376 |
| 2024-09-30 | Baillie Gifford and Company | 11% | 32,510,592 | $4,544,655,437 |
| 2024-09-30 | Vanguard Group Inc | 10% | 30,366,932 | $4,244,993,220 |
| 2024-09-30 | Morgan Stanley | 8% | 24,489,701 | $3,423,415,138 |
| 2024-09-30 | Blackrock Inc. | 6% | 18,093,133 | $2,529,238,940 |
| 2024-09-30 | FMR, LLC | 4% | 12,189,995 | $1,704,039,319 |
| 2024-09-30 | State Street Corporation | 2% | 6,391,355 | $893,447,472 |
| 2024-09-30 | Sands Capital Management, LLC | 2% | 6,344,384 | $886,881,396 |
| 2024-09-30 | First Trust Advisors LP | 2% | 5,679,308 | $793,910,427 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 4,834,558 | $675,822,830 |
