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Barracuda Networks (NYSE:CUDA) CFO David Faugno sold 240 shares of the stock on the open market in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.01, for a total transaction of $6,722.40. Following the completion of the sale, the chief financial officer now directly owns 535,454 shares in the company, valued at approximately $14,998,067. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Separately, 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. Nine investment analysts have rated the stock with a buy rating, Barracuda Networks has a consensus rating of “Buy” and a consensus price target of $31.69.

Shares of Barracuda Networks (NYSE:CUDA) traded up 1.18% on Friday, hitting $27.55. 21,589 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 $30.79 and a 200-day moving average of $31.20. The company’s market cap is $1.418 billion.

Barracuda Networks (NYSE:CUDA) last released its earnings data 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.

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

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