Barracuda Networks, Inc. (NYSE:CUDA) Director Michael D. Perone sold 47,756 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $24.20, for a total transaction of $1,155,695.20. Following the transaction, the director now owns 2,694,923 shares of the company’s stock, valued at approximately $65,217,136.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Barracuda Networks, Inc. (NYSE CUDA) traded down 0.12% during mid-day trading on Friday, hitting $24.11. 388,177 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 firm has a market capitalization of $1.28 billion, a P/E ratio of 126.89 and a beta of 3.28. The company’s 50-day moving average price is $23.28 and its 200-day moving average price is $22.70.

Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings data on Monday, July 10th. The communications equipment provider reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The business had revenue of $94.18 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 EPS. Equities research analysts predict 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 recently issued reports on CUDA shares. Stifel Nicolaus reiterated a “buy” rating and issued a $32.00 target price on shares of Barracuda Networks in a research note on Wednesday, July 19th. Northland Securities reiterated a “buy” rating and issued a $28.00 target price on shares of Barracuda Networks in a research note on Friday, June 30th. BTIG Research reiterated a “buy” rating and issued a $30.00 target price on shares of Barracuda Networks in a research note on Thursday, July 13th. 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. Finally, Imperial Capital lifted their target price on shares of Barracuda Networks from $20.00 to $21.00 and gave the company an “in-line” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $26.59.

A number of large investors have recently modified their holdings of CUDA. ETF Managers Group LLC bought a new position in Barracuda Networks in the 2nd quarter valued at approximately $44,968,000. Systematic Financial Management LP bought a new position in Barracuda Networks in the 1st quarter valued at approximately $40,341,000. Rothschild Asset Management Inc. bought a new position in Barracuda Networks in the 1st quarter valued at approximately $17,256,000. State of Wisconsin Investment Board bought a new position in Barracuda Networks in the 1st quarter valued at approximately $10,977,000. Finally, AMI Asset Management Corp bought a new position in Barracuda Networks in the 2nd quarter valued at approximately $10,897,000. 65.98% of the stock is owned by institutional investors and hedge funds.

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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