Cloudflare Shares Dip 1.68% with $420M in 244th-Ranked Volume as Institutional Holdings Remain Strong

Cloudflare (NET) fell 1.68% on August 11, with a trading volume of $420 million, ranking 244th in market activity. Institutional ownership of the cybersecurity firm remains robust, with hedge funds and institutional investors controlling 82.68% of its shares. Mizuho Markets Americas LLC increased its stake by 38.3% in Q1 2025, now holding 258,058 shares valued at $29 million. Meanwhile, Maryland State Retirement & Pension System reduced its position by 12.5%, holding 14,017 shares worth $1.58 million after selling 1,994 shares.

Recent insider transactions include CFO Thomas J. Seifert selling 59,130 shares for $11.84 million, reducing his ownership by 19.67%, and CEO Matthew Prince offloading 52,384 shares valued at $8.97 million. Analyst activity has been active, with UBS Group raising its price target to $200 and Morgan Stanley to $235. The stock currently carries a "Moderate Buy" consensus rating and an average price target of $186.88.

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