Barracuda Networks, Inc. (NYSE:CUDA) CFO Dustin Driggs sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $24.37, for a total value of $30,462.50. Following the sale, the chief financial officer now owns 101,843 shares of the company’s stock, valued at approximately $2,481,913.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, October 4th, Dustin Driggs sold 5,135 shares of Barracuda Networks stock. The stock was sold at an average price of $24.85, for a total value of $127,604.75.
  • On Friday, September 1st, Dustin Driggs sold 1,250 shares of Barracuda Networks stock. The stock was 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 stock was sold at an average price of $22.63, for a total value of $28,287.50.

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

Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings data on Monday, July 10th. The communications equipment provider reported $0.18 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.18. Barracuda Networks had a negative return on equity of 1,770.56% and a net margin of 2.81%. The company had revenue of $94.18 million for the quarter, compared to the consensus estimate of $91.18 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities analysts predict that Barracuda Networks, Inc. will post $0.76 EPS for the current fiscal year.

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Several research analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Barracuda Networks in a research report on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $32.00 price objective on shares of Barracuda Networks in a research report on Tuesday, September 12th. BidaskClub upgraded Barracuda Networks from a “strong sell” rating to a “sell” rating in a research report on Friday, September 8th. Robert W. Baird reiterated a “buy” rating on shares of Barracuda Networks in a research report on Tuesday, July 11th. Finally, Imperial Capital increased their price objective on Barracuda Networks from $20.00 to $21.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Barracuda Networks has a consensus rating of “Buy” and an average target price of $26.59.

Several institutional investors have recently made changes to their positions in CUDA. Wells Fargo & Company MN raised its position in shares of Barracuda Networks by 18.5% during the first quarter. Wells Fargo & Company MN now owns 152,787 shares of the communications equipment provider’s stock worth $3,531,000 after purchasing an additional 23,901 shares during the period. US Bancorp DE raised its position in shares of Barracuda Networks by 170.8% during the first quarter. US Bancorp DE now owns 8,226 shares of the communications equipment provider’s stock worth $191,000 after purchasing an additional 5,188 shares during the period. Bank of New York Mellon Corp raised its position in shares of Barracuda Networks by 4.0% during the first quarter. Bank of New York Mellon Corp now owns 122,232 shares of the communications equipment provider’s stock worth $2,825,000 after purchasing an additional 4,694 shares during the period. Comerica Bank acquired a new stake in shares of Barracuda Networks during the first quarter worth $949,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Barracuda Networks during the first quarter worth $4,867,000. 65.96% of the stock is currently 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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