Barracuda Networks CMO Michael D. Perone Unloads 3,380 Shares (CUDA)
Barracuda Networks (NYSE:CUDA) CMO Michael D. Perone sold 3,380 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $29.34, for a total transaction of $99,169.20. Following the completion of the transaction, the chief marketing officer now directly owns 5,483,813 shares of the company’s stock, valued at approximately $160,895,073. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Barracuda Networks (NYSE:CUDA) traded down 0.24% during mid-day trading on Monday, hitting $29.32. The stock had a trading volume of 86,934 shares. Barracuda Networks has a 1-year low of $18.63 and a 1-year high of $44.40. The stock’s 50-day moving average is $27.62 and its 200-day moving average is $31.04. The company’s market cap is $1.497 billion.
Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings data 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. Analysts expect that Barracuda Networks will post $0.14 EPS 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 equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $30.79.
Barracuda Networks, Inc (NYSE:CUDA) designs and delivers security and storage solutions.
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