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Barracuda Networks (NYSE:CUDA) CMO Michael D. Perone sold 5,070 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $29.33, for a total value of $148,703.10. Following the completion of the sale, the chief marketing officer now directly owns 5,486,053 shares of the company’s stock, valued at approximately $160,905,934. The transaction was disclosed in a filing with the SEC, which is available at this link.

Barracuda Networks (NYSE:CUDA) traded down 0.54% during mid-day trading on Thursday, hitting $29.50. 93,218 shares of the company’s stock traded hands. Barracuda Networks has a 52 week low of $18.63 and a 52 week high of $44.40. The stock’s 50-day moving average is $27.5 and its 200-day moving average is $30.83. The company’s market cap is $1.506 billion.

Barracuda Networks (NYSE:CUDA) last announced its earnings results on Thursday, April 24th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.05. The company had revenue of $60.30 million for the quarter, compared to the consensus estimate of $59.67 million. The company’s quarterly revenue was up 14.9% on a year-over-year basis. On average, analysts predict that Barracuda Networks will post $0.14 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Bank of America upgraded shares of Barracuda Networks from a “neutral” rating to a “buy” rating in a research note on Friday, April 25th. They now have a $39.50 price target on the stock. Analysts at Imperial Capital initiated coverage on shares of Barracuda Networks in a research note on Friday, April 4th. They set an “outperform” rating and a $40.00 price target on the stock. Eight analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $30.79.

Barracuda Networks, Inc (NYSE:CUDA) designs and delivers security and storage solutions.

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