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Barracuda Networks (NYSE:CUDA) CMO Michael D. Perone 22,240 shares of Barracuda Networks stock on the open market in a transaction that occurred on Wednesday, July 9th. Following the , the chief marketing officer now directly owns 5,415,493 shares in the company, valued at approximately $179,361,128. The was disclosed in a document filed 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, 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 research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $31.69.

Shares of Barracuda Networks (NYSE:CUDA) traded down 0.38% during mid-day trading on Friday, hitting $33.87. The stock had a trading volume of 746,470 shares. 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 $30.44 and a 200-day moving average of $31.97. The company’s market cap is $1.729 billion.

Barracuda Networks (NYSE:CUDA) last released its earnings data on Thursday, July 10th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.04. The company had revenue of $66.20 million for the quarter, compared to the consensus estimate of $64.38 million. Barracuda Networks’s revenue was up 17.6% compared to the same quarter last year. 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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