Insider Selling: David Faugno Unloads 240 Shares of Barracuda Networks Stock (CUDA)
Barracuda Networks (NYSE:CUDA) CFO David Faugno unloaded 240 shares of Barracuda Networks stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $25.25, for a total transaction of $6,060.00. Following the transaction, the chief financial officer now directly owns 530,223 shares of the company’s stock, valued at approximately $13,388,131. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Barracuda Networks (NYSE:CUDA) traded up 3.49% 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’s 50-day moving average is $27.64 and its 200-day moving average is $30.23. The company’s market cap is $1.342 billion.
Barracuda Networks (NYSE:CUDA) last announced its 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, The company currently has an average 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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