Insider Selling: David Faugno Sells 5,829 Shares of Barracuda Networks Stock (CUDA)
Barracuda Networks (NYSE:CUDA) CFO David Faugno sold 5,829 shares of Barracuda Networks stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $33.95, for a total transaction of $197,894.55. Following the transaction, the chief financial officer now directly owns 540,685 shares in the company, valued at approximately $18,356,256. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Barracuda Networks (NYSE:CUDA) traded down 6.60% during mid-day trading on Tuesday, hitting $32.28. 302,541 shares of the company’s stock traded hands. 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 $30.6 and a 200-day moving average of $32.01. The company’s market cap is $1.662 billion.
Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings results on Thursday, July 10th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the 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. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts predict that Barracuda Networks will post $0.17 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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, The stock presently has an average rating of “Buy” and an average price target of $31.69.
Barracuda Networks, Inc (NYSE:CUDA) designs and delivers security and storage solutions.
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