Insider Selling: Barracuda Networks CFO Sells 240 Shares of Stock (CUDA)
Barracuda Networks (NYSE:CUDA) CFO David Faugno sold 240 shares of the stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $25.25, for a total value 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 Securities & Exchange Commission, which can be accessed through this link.
Shares of Barracuda Networks (NYSE:CUDA) traded down 1.34% during mid-day trading on Friday, hitting $25.82. The stock had a trading volume of 10,297 shares. Barracuda Networks has a one year low of $18.63 and a one year high of $44.40. The stock has a 50-day moving average of $27.46 and a 200-day moving average of $30.20. The company’s market cap is $1.329 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.
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 equities research analysts have rated the stock with a buy rating, Barracuda Networks presently 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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