Barracuda Networks CMO Unloads $48,079 in Stock (CUDA)
Barracuda Networks (NYSE:CUDA) CMO Michael D. Perone sold 1,541 shares of Barracuda Networks stock on the open market in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $31.20, for a total value of $48,079.20. Following the sale, the chief marketing officer now directly owns 5,453,674 shares of the company’s stock, valued at approximately $170,154,629. The transaction was disclosed in a legal filing with the SEC, 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, June 18th. 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 stock has an average rating of “Buy” and an average price target of $31.69.
Barracuda Networks (NYSE:CUDA) traded down 1.45% during mid-day trading on Thursday, hitting $32.61. 19,791 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’s 50-day moving average is $29.41 and its 200-day moving average is $31.6. The company’s market cap is $1.665 billion.
Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings results 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. Analysts expect that Barracuda Networks will post $0.14 EPS for the current fiscal year.
Barracuda Networks, Inc (NYSE:CUDA) designs and delivers security and storage solutions.
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