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Barracuda Networks (NYSE:CUDA) Director Dean M. Drako sold 6,034 shares of Barracuda Networks stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $35.00, for a total transaction of $211,190.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Barracuda Networks (NYSE:CUDA) traded up 2.04% during mid-day trading on Monday, hitting $34.56. The stock had a trading volume of 298,449 shares. Barracuda Networks has a 52 week low of $18.63 and a 52 week high of $44.40. The stock’s 50-day moving average is $30. and its 200-day moving average is $32.04. The company’s market cap is $1.779 billion.

Barracuda Networks (NYSE:CUDA) last announced its earnings results 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. On average, analysts predict that Barracuda Networks will post $0.16 earnings per share for the current fiscal year.

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 investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $31.69.

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

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