Barracuda Networks, Inc. (NYSE:CUDA) CFO Dustin Driggs sold 5,135 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $24.85, for a total value of $127,604.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, October 2nd, Dustin Driggs sold 1,250 shares of Barracuda Networks stock. The shares were sold at an average price of $24.37, for a total value of $30,462.50.
  • On Friday, September 1st, Dustin Driggs sold 1,250 shares of Barracuda Networks stock. The shares were sold at an average price of $24.03, for a total value of $30,037.50.
  • On Tuesday, August 1st, Dustin Driggs sold 1,250 shares of Barracuda Networks stock. The shares were sold at an average price of $22.63, for a total value of $28,287.50.

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

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

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CUDA has been the subject of a number of recent analyst reports. BidaskClub lowered Barracuda Networks from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Barracuda Networks in a research report on Tuesday, September 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $32.00 price target on shares of Barracuda Networks in a research report on Tuesday, September 12th. BTIG Research reaffirmed a “buy” rating and set a $30.00 price target on shares of Barracuda Networks in a research report on Saturday, July 22nd. Finally, Zacks Investment Research lowered Barracuda Networks from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $26.59.

Large investors have recently modified their holdings of the stock. AlphaMark Advisors LLC raised its stake in Barracuda Networks by 63.7% in the second quarter. AlphaMark Advisors LLC now owns 44,200 shares of the communications equipment provider’s stock worth $1,019,000 after buying an additional 17,200 shares in the last quarter. Gotham Asset Management LLC raised its stake in Barracuda Networks by 2.5% in the first quarter. Gotham Asset Management LLC now owns 35,109 shares of the communications equipment provider’s stock worth $811,000 after buying an additional 871 shares in the last quarter. Atria Investments LLC bought a new position in Barracuda Networks in the second quarter worth approximately $204,000. Clearbridge Investments LLC raised its stake in Barracuda Networks by 0.8% in the first quarter. Clearbridge Investments LLC now owns 2,034,008 shares of the communications equipment provider’s stock worth $47,006,000 after buying an additional 16,324 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new position in Barracuda Networks in the first quarter worth approximately $4,867,000. 65.96% of the stock is owned by institutional investors.

About Barracuda Networks

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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