Quent Capital LLC Has $207,000 Holdings in Cloudflare, Inc. (NYSE:NET)

Quent Capital LLC cut its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,921 shares of the company’s stock after selling 93 shares during the quarter. Quent Capital LLC’s holdings in Cloudflare were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. WIM INVESTMENT MANAGEMENT Ltd acquired a new stake in shares of Cloudflare during the 3rd quarter valued at about $25,588,000. International Assets Investment Management LLC acquired a new stake in shares of Cloudflare during the 3rd quarter valued at about $147,160,000. Parnassus Investments LLC lifted its holdings in shares of Cloudflare by 1,851.9% during the 3rd quarter. Parnassus Investments LLC now owns 138,410 shares of the company’s stock valued at $11,196,000 after buying an additional 131,319 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cloudflare by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,834,558 shares of the company’s stock valued at $390,130,000 after buying an additional 121,810 shares during the last quarter. Finally, Generate Investment Management Ltd acquired a new stake in shares of Cloudflare during the 4th quarter valued at about $12,946,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Price Performance

Shares of NET stock opened at $172.78 on Thursday. The stock’s fifty day simple moving average is $122.83 and its 200 day simple moving average is $98.96. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.37 and a quick ratio of 3.37. The firm has a market cap of $59.30 billion, a price-to-earnings ratio of -785.36 and a beta of 1.12. Cloudflare, Inc. has a one year low of $66.24 and a one year high of $176.73.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). Cloudflare had a negative net margin of 4.72% and a negative return on equity of 5.52%. On average, analysts expect that Cloudflare, Inc. will post -0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Citigroup upgraded Cloudflare from a “neutral” rating to a “buy” rating and lifted their price target for the company from $95.00 to $145.00 in a report on Friday, January 17th. Stifel Nicolaus raised their price objective on Cloudflare from $136.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, February 7th. DZ Bank downgraded Cloudflare from a “hold” rating to a “sell” rating and set a $145.00 price objective on the stock. in a research note on Tuesday. Wells Fargo & Company lifted their price target on Cloudflare from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Finally, Needham & Company LLC lifted their price target on Cloudflare from $110.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $135.28.

Insider Activity at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $89.06, for a total value of $4,665,319.04. Following the transaction, the chief executive officer now owns 192,177 shares of the company’s stock, valued at approximately $17,115,283.62. The trade was a 21.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas James Kramer sold 2,481 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $131.66, for a total value of $326,648.46. Following the completion of the transaction, the insider now directly owns 175,688 shares in the company, valued at approximately $23,131,082.08. This represents a 1.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 581,354 shares of company stock valued at $64,625,120 in the last 90 days. 12.83% of the stock is owned by corporate insiders.

Cloudflare Profile

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.