Barracuda Networks, Inc. (NYSE:CUDA) CEO William D. Jenkins, Jr. sold 16,500 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $24.30, for a total value of $400,950.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Barracuda Networks, Inc. (CUDA) traded up 3.28% on Wednesday, reaching $25.19. The company’s stock had a trading volume of 1,601,388 shares. Barracuda Networks, Inc. has a 52-week low of $19.06 and a 52-week high of $26.69. The firm’s 50 day moving average is $23.94 and its 200-day moving average is $22.83. The stock has a market cap of $1.33 billion, a P/E ratio of 132.58 and a beta of 3.27.

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

TRADEMARK VIOLATION NOTICE: “Barracuda Networks, Inc. (CUDA) CEO William D. Jenkins, Jr. Sells 16,500 Shares” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/10/04/barracuda-networks-inc-cuda-ceo-william-d-jenkins-jr-sells-16500-shares.html.

A number of institutional investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. grew its position in Barracuda Networks by 2.9% during the first quarter. Asset Management One Co. Ltd. now owns 6,276 shares of the communications equipment provider’s stock worth $146,000 after buying an additional 177 shares in the last quarter. Renaissance Group LLC lifted its stake in Barracuda Networks by 2.5% during the second quarter. Renaissance Group LLC now owns 14,118 shares of the communications equipment provider’s stock worth $326,000 after purchasing an additional 343 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Barracuda Networks by 1.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 52,327 shares of the communications equipment provider’s stock worth $1,209,000 after purchasing an additional 621 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Barracuda Networks by 2.0% during the first quarter. Parametric Portfolio Associates LLC now owns 33,590 shares of the communications equipment provider’s stock worth $776,000 after purchasing an additional 655 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in Barracuda Networks by 4.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,396 shares of the communications equipment provider’s stock worth $401,000 after purchasing an additional 710 shares during the last quarter. Institutional investors and hedge funds own 65.96% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Northland Securities reiterated a “buy” rating and set a $28.00 price objective on shares of Barracuda Networks in a research note on Friday, June 30th. BTIG Research reissued a “buy” rating and set a $30.00 target price on shares of Barracuda Networks in a report on Thursday, July 13th. Stifel Nicolaus reissued a “buy” rating and set a $32.00 target price on shares of Barracuda Networks in a report on Wednesday, July 19th. Imperial Capital boosted their target price on Barracuda Networks from $20.00 to $21.00 and gave the stock an “in-line” rating in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $28.00 target price (down from $29.00) on shares of Barracuda Networks in a report on Wednesday, July 12th. Two investment analysts have 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 company currently has an average rating of “Buy” and an average 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)

Receive News & Ratings for Barracuda Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barracuda Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.