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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 19th. The stock was sold at an average price of $29.13, for a total value of $147,689.10. Following the sale, the chief marketing officer now directly owns 5,480,453 shares in the company, valued at approximately $159,645,596. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on CUDA. Analysts at Topeka Capital Markets initiated coverage on shares of Barracuda Networks in a research note on Wednesday. They set a “buy” rating and a $38.00 price target on the stock. Separately, 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. Finally, 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. Nine analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $31.69.

Shares of Barracuda Networks (NYSE:CUDA) traded up 0.98% on Thursday, hitting $29.75. 97,672 shares of the company’s stock traded hands. Barracuda Networks has a one year low of $18.63 and a one year high of $44.40. The stock has a 50-day moving average of $27.93 and a 200-day moving average of $31.08. The company’s market cap is $1.519 billion.

Barracuda Networks (NYSE:CUDA) last released its earnings data on Thursday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter 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.

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

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