Barracuda Networks, Inc. (CUDA) SVP Michael D. Hughes Sells 1,390 Shares
Barracuda Networks, Inc. (NYSE:CUDA) SVP Michael D. Hughes sold 1,390 shares of Barracuda Networks stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $21.97, for a total value of $30,538.30. Following the transaction, the senior vice president now directly owns 155,118 shares in the company, valued at approximately $3,407,942.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Barracuda Networks, Inc. (NYSE CUDA) traded up $0.48 on Monday, hitting $22.53. The company’s stock had a trading volume of 576,463 shares, compared to its average volume of 786,985. The company has a market capitalization of $1,174.85, a price-to-earnings ratio of 71.13, a PEG ratio of 5.88 and a beta of 3.22. Barracuda Networks, Inc. has a 52-week low of $19.06 and a 52-week high of $26.16.
Barracuda Networks (NYSE:CUDA) last issued its earnings results on Tuesday, October 10th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The firm had revenue of $94.30 million for the quarter, compared to analyst estimates of $93.32 million. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. equities analysts forecast that Barracuda Networks, Inc. will post 0.31 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently modified their holdings of the business. Piedmont Investment Advisors LLC bought a new stake in shares of Barracuda Networks in the third quarter valued at $212,000. Cubist Systematic Strategies LLC bought a new stake in shares of Barracuda Networks during the 3rd quarter valued at $275,000. Segall Bryant & Hamill LLC raised its stake in shares of Barracuda Networks by 523.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 197,441 shares of the communications equipment provider’s stock valued at $4,784,000 after purchasing an additional 165,748 shares during the period. Allianz Asset Management GmbH raised its stake in shares of Barracuda Networks by 274.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 247,939 shares of the communications equipment provider’s stock valued at $6,008,000 after purchasing an additional 181,678 shares during the period. Finally, Engineers Gate Manager LP raised its stake in shares of Barracuda Networks by 147.8% during the 3rd quarter. Engineers Gate Manager LP now owns 58,701 shares of the communications equipment provider’s stock valued at $1,422,000 after purchasing an additional 35,014 shares during the period. Hedge funds and other institutional investors own 68.10% of the company’s stock.
Several research analysts have weighed in on CUDA shares. Stifel Nicolaus reissued a “buy” rating and issued a $32.00 price objective on shares of Barracuda Networks in a research report on Tuesday, September 12th. Robert W. Baird reissued a “buy” rating and issued a $29.00 price objective on shares of Barracuda Networks in a research report on Tuesday, October 24th. Zacks Investment Research cut Barracuda Networks from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. BidaskClub cut Barracuda Networks from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. Finally, KeyCorp reissued a “buy” rating and issued a $30.00 price objective on shares of Barracuda Networks in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $28.10.
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.
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