Barracuda Networks, Inc. (NYSE:CUDA) CFO Dustin Driggs sold 1,250 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $23.10, for a total value of $28,875.00. Following the completion of the transaction, the chief financial officer now owns 102,905 shares of the company’s stock, valued at approximately $2,377,105.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, October 2nd, Dustin Driggs sold 1,250 shares of Barracuda Networks stock. The stock was sold at an average price of $24.37, for a total value of $30,462.50.
  • 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.

Shares of Barracuda Networks, Inc. (CUDA) traded down $0.70 during trading hours on Friday, hitting $22.29. The stock had a trading volume of 1,569,445 shares, compared to its average volume of 1,536,520. The stock has a market capitalization of $1.20 billion, a P/E ratio of 72.74, a P/E/G ratio of 6.01 and a beta of 3.22.

Barracuda Networks (NYSE:CUDA) last released its quarterly earnings data on Tuesday, October 10th. The communications equipment provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. The company had revenue of $94.30 million for the quarter, compared to analysts’ expectations of $93.32 million. During the same period last year, the firm posted $0.21 earnings per share. Barracuda Networks’s revenue was up 7.3% compared to the same quarter last year. analysts anticipate that Barracuda Networks, Inc. will post 0.31 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in shares of 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 buying an additional 717 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Barracuda Networks during the second quarter valued at $113,000. Legal & General Group Plc boosted its position in shares of 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 buying an additional 828 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of 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 buying an additional 1,104 shares during the last quarter. Finally, Exane Derivatives boosted its position in shares of Barracuda Networks by 1,004.9% during the third quarter. Exane Derivatives now owns 7,624 shares of the communications equipment provider’s stock valued at $185,000 after buying an additional 6,934 shares during the last quarter. 65.55% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on CUDA shares. Zacks Investment Research downgraded Barracuda Networks from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $32.00 price objective on shares of Barracuda Networks in a report on Tuesday, September 12th. BidaskClub upgraded Barracuda Networks from a “strong sell” rating to a “sell” rating in a report on Saturday, October 7th. 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. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 price objective on shares of Barracuda Networks in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $28.10.

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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