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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 25th. The shares were sold at an average price of $24.83, for a total transaction of $5,959.20. Following the completion of the transaction, the chief financial officer now directly owns 530,463 shares of the company’s stock, valued at approximately $13,171,396. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Barracuda Networks (NYSE:CUDA) traded down 1.65% on Wednesday, hitting $24.51. The stock had a trading volume of 103,178 shares. Barracuda Networks has a one year low of $18.63 and a one year high of $44.40. The stock’s 50-day moving average is $28.76 and its 200-day moving average is $30.49. The company’s market cap is $1.262 billion.

Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings data on Thursday, July 10th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue 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.

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

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

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