Barracuda Networks CEO Unloads $187,425 in Stock (CUDA)
Barracuda Networks (NYSE:CUDA) CEO William D. Jenkins, Jr. sold 7,500 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $24.99, for a total transaction of $187,425.00. Following the completion of the sale, the chief executive officer now directly owns 771,869 shares of the company’s stock, valued at approximately $19,289,006. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 research analysts have rated the stock with a buy rating, Barracuda Networks currently has an average rating of “Buy” and a consensus price target of $31.69.
Shares of Barracuda Networks (NYSE:CUDA) traded up 3.49% during mid-day trading on Wednesday, hitting $26.06. The stock had a trading volume of 482,682 shares. 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 $27.64 and a 200-day moving average of $30.23. The company’s market cap is $1.342 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. 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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