Barracuda Networks CMO Unloads $156,460 in Stock (CUDA)
Barracuda Networks (NYSE:CUDA) CMO Michael D. Perone sold 5,070 shares of Barracuda Networks stock on the open market in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $30.86, for a total transaction of $156,460.20. Following the completion of the transaction, the chief marketing officer now directly owns 5,403,173 shares in the company, valued at approximately $166,741,919. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 investment 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.
Shares of Barracuda Networks (NYSE:CUDA) traded down 0.70% on Tuesday, hitting $31.26. 247,365 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 $30.85 and a 200-day moving average of $31.8. The company’s market cap is $1.609 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. Analysts expect that Barracuda Networks will post $0.17 EPS for the current fiscal year.
Barracuda Networks, Inc (NYSE:CUDA) designs and delivers security and storage solutions.
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