Barracuda Networks, Inc. (NYSE:CUDA) SVP Michael D. Hughes sold 625 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $23.35, for a total transaction of $14,593.75. Following the transaction, the senior vice president now directly owns 156,283 shares of the company’s stock, valued at approximately $3,649,208.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Barracuda Networks, Inc. (NYSE:CUDA) traded down 1.23% during mid-day trading on Thursday, reaching $23.30. 1,177,723 shares of the company were exchanged. Barracuda Networks, Inc. has a 12-month low of $19.06 and a 12-month high of $26.69. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 122.63 and a beta of 3.30. The company’s 50 day moving average price is $23.14 and its 200-day moving average price is $22.73.

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

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A number of research analysts have weighed in on the stock. BidaskClub lowered shares of Barracuda Networks from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Robert W. Baird reissued a “buy” rating on shares of Barracuda Networks in a research report on Tuesday, July 11th. BTIG Research reaffirmed a “buy” rating and set a $30.00 price objective on shares of Barracuda Networks in a research report on Saturday, July 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Barracuda Networks in a research report on Wednesday, April 19th. Finally, Zacks Investment Research raised shares of Barracuda Networks from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $26.59.

Several large investors have recently made changes to their positions in CUDA. Bank of New York Mellon Corp raised its stake in shares of Barracuda Networks by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 122,232 shares of the communications equipment provider’s stock valued at $2,825,000 after buying an additional 4,694 shares during the period. US Bancorp DE raised its stake in shares of 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. Capital Fund Management S.A. raised its stake in shares of Barracuda Networks by 14.5% in the first quarter. Capital Fund Management S.A. now owns 73,476 shares of the communications equipment provider’s stock valued at $1,698,000 after buying an additional 9,300 shares during the period. American Century Companies Inc. raised its stake in shares of Barracuda Networks by 3.0% in the first quarter. American Century Companies Inc. now owns 286,968 shares of the communications equipment provider’s stock valued at $6,632,000 after buying an additional 8,477 shares during the period. Finally, Algert Global LLC raised its stake in shares of Barracuda Networks by 19.3% in the first quarter. Algert Global LLC now owns 60,904 shares of the communications equipment provider’s stock valued at $1,407,000 after buying an additional 9,833 shares during the period. 61.61% of the stock is currently owned by institutional investors.

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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