Barracuda Networks, Inc. (NYSE:CUDA) SVP Michael D. Hughes sold 625 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $22.73, for a total transaction of $14,206.25. Following the completion of the sale, the senior vice president now owns 156,908 shares of the company’s stock, valued at $3,566,518.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Barracuda Networks, Inc. (CUDA) traded down 0.25% on Thursday, reaching $23.58. 439,978 shares of the company were exchanged. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 124.11 and a beta of 3.33. The stock has a 50-day moving average price of $22.71 and a 200 day moving average price of $22.75. Barracuda Networks, Inc. has a 52 week low of $19.06 and a 52 week high of $26.69.

Barracuda Networks (NYSE:CUDA) last released its earnings results on Monday, July 10th. The communications equipment provider reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Barracuda Networks had a net margin of 2.81% and a negative return on equity of 1,770.56%. The company had revenue of $94.18 million during the quarter, compared to analysts’ expectations of $91.18 million. During the same quarter last year, the business earned $0.20 EPS. The business’s revenue was up 8.7% on a year-over-year basis. Analysts forecast that Barracuda Networks, Inc. will post $0.76 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its stake in Barracuda Networks by 2.9% in the first quarter. Asset Management One Co. Ltd. now owns 6,276 shares of the communications equipment provider’s stock valued at $146,000 after buying an additional 177 shares during the period. Acrospire Investment Management LLC boosted its stake in Barracuda Networks by 9.5% in the first quarter. Acrospire Investment Management LLC now owns 6,900 shares of the communications equipment provider’s stock valued at $159,000 after buying an additional 600 shares during the period. US Bancorp DE boosted its stake in Barracuda Networks by 170.8% in the first quarter. US Bancorp DE now owns 8,226 shares of the communications equipment provider’s stock valued at $191,000 after buying an additional 5,188 shares during the period. Atria Investments LLC purchased a new stake in Barracuda Networks during the second quarter valued at approximately $204,000. Finally, Crow Point Partners LLC purchased a new stake in Barracuda Networks during the second quarter valued at approximately $205,000. Institutional investors own 62.77% of the company’s stock.

Several equities research analysts have weighed in on CUDA shares. Stifel Nicolaus restated a “buy” rating and issued a $32.00 target price on shares of Barracuda Networks in a research note on Tuesday, April 18th. Zacks Investment Research upgraded shares of Barracuda Networks from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Thursday, July 13th. Pacific Crest restated an “overweight” rating and issued a $30.00 target price on shares of Barracuda Networks in a research note on Wednesday, June 28th. Rosenblatt Securities restated a “buy” rating and issued a $30.00 target price on shares of Barracuda Networks in a research note on Monday, June 26th. Finally, TheStreet upgraded shares of Barracuda Networks from a “d” rating to a “c” rating in a research note on Monday, April 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.59.

Barracuda Networks Company Profile

Barracuda Networks, Inc designs and delivers security and data protection solutions. The Company offers cloud-enabled solutions that enable customers to address security threats, manage network performance, and protect and store their data. Its solutions are designed to manage information technology operations for its customers.

Insider Buying and Selling by Quarter for Barracuda Networks (NYSE:CUDA)

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