Insider Selling: David Faugno Sells 240 Shares of Barracuda Networks Stock (CUDA)
Barracuda Networks (NYSE:CUDA) CFO David Faugno sold 240 shares of Barracuda Networks 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 sale, the chief financial officer now directly owns 530,463 shares in the company, valued at approximately $13,171,396. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Barracuda Networks (NYSE:CUDA) opened at 24.07 on Friday. 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 $28.50 and its 200-day moving average is $30.44. The company’s market cap is $1.239 billion.
Barracuda Networks (NYSE:CUDA) last posted its quarterly 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 $0.17 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 investment analysts have rated the stock with a buy rating, Barracuda Networks 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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