Cloudflare Rises 0.73% with $440M Trading Volume Ranking 208th as Institutional Investors Split on Position Sizing

Cloudflare (NET) rose 0.73% on August 18, with a trading volume of $0.44 billion, ranking 208th in market activity. Institutional investors showed mixed activity, as National Bank of Canada FI increased its stake by 29.5% to 11,200 shares ($1.26 million), while Fjarde AP Fonden Fourth Swedish National Pension Fund reduced holdings by 12.2% to 62,428 shares ($7.03 million). Analysts maintain a "Moderate Buy" consensus rating, with a $186.88 average price target, despite some downgrades and a 10.89% insider ownership stake.

Insider transactions included CFO Thomas Seifert selling 59,130 shares ($11.8 million) and CEO Matthew Prince offloading 52,384 shares ($8.97 million), reducing their holdings by 19.67% and 12.08%, respectively. Analysts from Wells Fargo, CICC, and Stifel Nicolaus raised price targets, while DZ Bank and Susquehanna issued cautious outlooks. Cloudflare’s Q2 revenue grew 27.8% year-over-year to $512.32 million, exceeding estimates, though the company reported a 6.22% net margin deficit.

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