Barracuda Networks, Inc. (NYSE:CUDA) Director Michael D. Perone sold 85,443 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $24.36, for a total value of $2,081,391.48. Following the transaction, the director now directly owns 1,625,793 shares in the company, valued at approximately $39,604,317.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings results on Monday, July 10th. The communications equipment provider reported $0.18 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.18. The company had revenue of $94.18 million during 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% on a year-over-year basis. During the same period last year, the business posted $0.20 earnings per share. Equities analysts anticipate that Barracuda Networks, Inc. will post $0.76 EPS for the current year.

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Several research firms have weighed in on CUDA. 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. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $28.00 price target (down previously from $29.00) on shares of Barracuda Networks in a research report on Wednesday, July 12th. Robert W. Baird reaffirmed a “buy” rating on shares of Barracuda Networks in a research report on Tuesday, July 11th. Pacific Crest reaffirmed an “overweight” rating and set a $30.00 price target on shares of Barracuda Networks in a research report on Wednesday, June 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price target on shares of Barracuda Networks in a research report on Monday, June 26th. Two 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’s stock. The stock has an average rating of “Buy” and a consensus target price of $26.59.

Institutional investors and hedge funds have recently modified their holdings of the stock. AlphaMark Advisors LLC increased its position in shares of Barracuda Networks by 63.7% during the second quarter. AlphaMark Advisors LLC now owns 44,200 shares of the communications equipment provider’s stock valued at $1,019,000 after acquiring an additional 17,200 shares during the last quarter. Gotham Asset Management LLC increased its position in shares of Barracuda Networks by 2.5% during the first quarter. Gotham Asset Management LLC now owns 35,109 shares of the communications equipment provider’s stock valued at $811,000 after acquiring an additional 871 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Barracuda Networks during the second quarter valued at approximately $204,000. Clearbridge Investments LLC increased its position in shares of Barracuda Networks by 0.8% during the first quarter. Clearbridge Investments LLC now owns 2,034,008 shares of the communications equipment provider’s stock valued at $47,006,000 after acquiring an additional 16,324 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Barracuda Networks during the first quarter valued at 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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