Insider Selling: Barracuda Networks CFO Sells 240 Shares of Stock (CUDA)
Barracuda Networks (NYSE:CUDA) CFO David Faugno sold 240 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $25.25, for a total value of $6,060.00. Following the completion of 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 is available at this link.
Shares of Barracuda Networks (NYSE:CUDA) opened at 26.06 on Thursday. 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 posted its quarterly earnings results 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. Analysts expect that Barracuda Networks will post $0.17 EPS 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 target price of $31.69.
Barracuda Networks, Inc (NYSE:CUDA) designs and delivers security and storage solutions.
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