Barracuda Networks, Inc. (NYSE:CUDA) Director Michael D. Perone sold 54,054 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $24.51, for a total transaction of $1,324,863.54. Following the completion of the sale, the director now directly owns 1,625,793 shares in the company, valued at $39,848,186.43. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Barracuda Networks, Inc. (NYSE CUDA) traded up 3.28% on Wednesday, reaching $25.19. 1,601,388 shares of the company’s stock traded hands. 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. 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 posted its quarterly earnings results on Monday, July 10th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $94.18 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. Equities research analysts forecast that Barracuda Networks, Inc. will post $0.76 earnings per share for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its stake in Barracuda Networks by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,793 shares of the communications equipment provider’s stock valued at $111,000 after purchasing an additional 717 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Barracuda Networks during the second quarter valued at $113,000. Legal & General Group Plc increased its stake in Barracuda Networks by 15.7% during the second quarter. Legal & General Group Plc now owns 6,112 shares of the communications equipment provider’s stock valued at $140,000 after purchasing an additional 828 shares during the last quarter. Asset Management One Co. Ltd. increased its stake 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 valued at $146,000 after purchasing an additional 177 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Barracuda Networks by 17.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,374 shares of the communications equipment provider’s stock valued at $167,000 after purchasing an additional 1,104 shares during the last quarter. 65.96% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on CUDA shares. Rosenblatt Securities reissued a “buy” rating and issued a $30.00 price objective on shares of Barracuda Networks in a research report on Monday, June 26th. Pacific Crest reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Barracuda Networks in a research report on Wednesday, June 28th. Northland Securities reaffirmed a “buy” rating and issued a $28.00 target price on shares of Barracuda Networks in a research report on Friday, June 30th. Robert W. Baird reaffirmed a “buy” rating on shares of Barracuda Networks in a research report on Tuesday, July 11th. Finally, Imperial Capital increased 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 report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price 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)

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