Barracuda Networks, Inc. (NYSE:CUDA) CFO Dustin Driggs sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $22.63, for a total value of $28,287.50. Following the completion of the sale, the chief financial officer now directly owns 105,471 shares in the company, valued at approximately $2,386,808.73. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Dustin Driggs also recently made the following trade(s):

  • On Monday, July 3rd, Dustin Driggs sold 1,250 shares of Barracuda Networks stock. The stock was sold at an average price of $22.85, for a total value of $28,562.50.
  • On Thursday, June 1st, Dustin Driggs sold 1,250 shares of Barracuda Networks stock. The stock was sold at an average price of $22.02, for a total value of $27,525.00.
  • On Monday, May 15th, Dustin Driggs sold 1,250 shares of Barracuda Networks stock. The stock was sold at an average price of $22.29, for a total value of $27,862.50.

Shares of Barracuda Networks, Inc. (NYSE CUDA) traded up 0.53% during trading on Thursday, hitting $22.83. The stock had a trading volume of 485,085 shares. Barracuda Networks, Inc. has a 52 week low of $19.06 and a 52 week high of $26.69. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 114.15 and a beta of 3.30. The stock’s 50 day moving average is $22.89 and its 200 day moving average is $22.73.

Barracuda Networks (NYSE:CUDA) last announced its earnings results on Monday, July 10th. The communications equipment provider reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $94.18 million for the quarter, compared to the consensus estimate of $91.18 million. Barracuda Networks had a negative return on equity of 1,770.56% and a net margin of 2.81%. Barracuda Networks’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. On average, equities research analysts expect that Barracuda Networks, Inc. will post $0.76 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new position in Barracuda Networks during the second quarter valued at about $113,000. Legal & General Group Plc increased its position in Barracuda Networks by 15.7% in the second quarter. Legal & General Group Plc now owns 6,112 shares of the communications equipment provider’s stock valued at $140,000 after buying an additional 828 shares in the last quarter. Asset Management One Co. Ltd. increased its position 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 in the last quarter. Acrospire Investment Management LLC increased its position 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 in the last quarter. Finally, US Bancorp DE increased its position 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 in the last quarter. 63.67% of the stock is currently owned by institutional investors and hedge funds.

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