Barracuda Networks, Inc. (NYSE:CUDA) Director Michael D. Perone sold 118,787 shares of the 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 $2,894,839.19. Following the completion of the transaction, the director now owns 1,625,793 shares in the company, valued at approximately $39,620,575.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Barracuda Networks, Inc. (NYSE:CUDA) traded up 3.28% during midday trading on Wednesday, reaching $25.19. The company’s stock had a trading volume of 1,601,388 shares. The company has a 50-day moving average price of $23.94 and a 200-day moving average price of $22.83. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 132.58 and a beta of 3.27. Barracuda Networks, Inc. has a 12 month low of $19.06 and a 12 month high of $26.69.

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, hitting 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 EPS. Equities analysts expect that Barracuda Networks, Inc. will post $0.76 earnings per share for the current year.

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CUDA has been the topic of a number of research reports. Northland Securities restated a “buy” rating and issued a $28.00 price objective on shares of Barracuda Networks in a report on Friday, June 30th. Zacks Investment Research downgraded Barracuda Networks from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Pacific Crest restated an “overweight” rating and issued a $30.00 price objective on shares of Barracuda Networks in a report on Wednesday, June 28th. Rosenblatt Securities restated a “buy” rating and issued a $30.00 price objective on shares of Barracuda Networks in a report on Monday, June 26th. 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 report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $26.59.

Large investors have recently bought and sold shares of the business. Victory Capital Management Inc. increased its position in shares of Barracuda Networks by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,793 shares of the communications equipment provider’s stock worth $111,000 after purchasing an additional 717 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Barracuda Networks during the 2nd quarter worth approximately $113,000. Legal & General Group Plc increased its position in shares of Barracuda Networks by 15.7% during the 2nd quarter. Legal & General Group Plc now owns 6,112 shares of the communications equipment provider’s stock worth $140,000 after purchasing an additional 828 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Barracuda Networks by 2.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 6,276 shares of the communications equipment provider’s stock worth $146,000 after purchasing an additional 177 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Barracuda Networks by 17.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,374 shares of the communications equipment provider’s stock worth $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.

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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