Barracuda Networks CFO Unloads $49,928 in Stock (CUDA)
Barracuda Networks (NYSE:CUDA) CFO David Faugno sold 1,580 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $31.60, for a total value of $49,928.00. Following the completion of the sale, the chief financial officer now directly owns 529,582 shares of the company’s stock, valued at approximately $16,734,791. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on CUDA shares. 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. 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. Nine equities research analysts have rated the stock with a buy rating, Barracuda Networks currently has a consensus rating of “Buy” and a consensus target price of $31.69.
Shares of Barracuda Networks (NYSE:CUDA) opened at 33.97 on Monday. Barracuda Networks has a 52-week low of $18.63 and a 52-week high of $44.40. The stock has a 50-day moving average of $29.62 and a 200-day moving average of $31.67. The company’s market cap is $1.734 billion.
Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ 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. Barracuda Networks’s revenue was up 14.9% compared to the same quarter last year. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.