UMB Bank N A MO Increases Holdings in Cloudflare, Inc. (NYSE:NET)


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UMB Bank N A MO grew its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 5.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,755 shares of the company’s stock after buying an additional 200 shares during the period. UMB Bank N A MO’s holdings in Cloudflare were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in NET. Parallel Advisors LLC increased its position in Cloudflare by 15.3% during the 4th quarter. Parallel Advisors LLC now owns 1,004 shares of the company’s stock worth $76,000 after purchasing an additional 133 shares during the period. NEXT Financial Group Inc boosted its stake in shares of Cloudflare by 12.1% during the 4th quarter. NEXT Financial Group Inc now owns 1,800 shares of the company’s stock worth $137,000 after acquiring an additional 195 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Cloudflare by 2.8% during the 4th quarter. Advisory Services Network LLC now owns 7,981 shares of the company’s stock worth $606,000 after acquiring an additional 217 shares in the last quarter. Knuff & Co LLC lifted its stake in Cloudflare by 17.5% in the 4th quarter. Knuff & Co LLC now owns 1,527 shares of the company’s stock valued at $116,000 after buying an additional 227 shares in the last quarter. Finally, Intersect Capital LLC lifted its stake in Cloudflare by 4.1% in the 4th quarter. Intersect Capital LLC now owns 7,227 shares of the company’s stock valued at $549,000 after buying an additional 286 shares in the last quarter. 54.76% of the stock is owned by institutional investors.

A number of research firms recently issued reports on NET. Jefferies Financial Group upped their target price on Cloudflare from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 12th. Truist Financial raised Cloudflare from a “hold” rating to a “buy” rating in a research note on Tuesday, March 23rd. Morgan Stanley upped their price objective on Cloudflare from $81.00 to $88.00 and gave the stock an “equal weight” rating in a report on Friday, February 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded Cloudflare from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Wednesday. Finally, Needham & Company LLC increased their price target on Cloudflare from $75.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 12th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $74.53.

In other news, General Counsel Douglas James Kramer sold 10,000 shares of the stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $83.02, for a total value of $830,200.00. Following the transaction, the general counsel now directly owns 42,912 shares of the company’s stock, valued at $3,562,554.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew Prince sold 52,385 shares of the stock in a transaction dated Thursday, January 21st. The shares were sold at an average price of $83.65, for a total transaction of $4,382,005.25. The disclosure for this sale can be found here. Insiders have sold 725,535 shares of company stock valued at $56,149,756 in the last three months. 35.89% of the stock is owned by insiders.

NYSE:NET opened at $72.39 on Wednesday. Cloudflare, Inc. has a 12 month low of $22.35 and a 12 month high of $95.77. The company’s 50-day moving average price is $71.48 and its two-hundred day moving average price is $71.89. The firm has a market cap of $22.36 billion, a PE ratio of -185.61 and a beta of -0.02. The company has a quick ratio of 8.61, a current ratio of 8.61 and a debt-to-equity ratio of 0.45.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Wednesday, February 10th. The company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. The business had revenue of $125.93 million during the quarter, compared to the consensus estimate of $118.22 million. Cloudflare had a negative net margin of 29.17% and a negative return on equity of 12.16%. On average, research analysts expect that Cloudflare, Inc. will post -0.31 EPS for the current fiscal year.

Cloudflare Company Profile

CloudFlare, Inc operates a cloud platform that delivers a range of network 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 Internet of Things (IoT) devices.

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Institutional Ownership by Quarter for Cloudflare (NYSE:NET)

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