Barracuda Networks Inc. (NYSE:CUDA) major shareholder Dean M. Drako sold 17,116 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $24.40, for a total transaction of $417,630.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Barracuda Networks Inc. (NYSE:CUDA) opened at 24.24 on Friday. The stock has a market cap of $1.27 billion, a PE ratio of 186.46 and a beta of 3.62. The stock has a 50 day moving average of $24.02 and a 200-day moving average of $20.62. Barracuda Networks Inc. has a 52 week low of $9.44 and a 52 week high of $26.69.

Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings data on Tuesday, October 11th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $87.90 million for the quarter. Barracuda Networks had a net margin of 2.03% and a negative return on equity of 56.63%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. Equities research analysts predict that Barracuda Networks Inc. will post $0.69 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Barracuda Networks (NYSE:CUDA)

Several institutional investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Barracuda Networks during the second quarter valued at $6,264,000. DIAM Co. Ltd. purchased a new position in shares of Barracuda Networks during the second quarter valued at $208,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Barracuda Networks during the second quarter valued at $215,000. Swiss National Bank increased its position in shares of Barracuda Networks by 54.1% in the second quarter. Swiss National Bank now owns 45,000 shares of the company’s stock valued at $681,000 after buying an additional 15,800 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Barracuda Networks by 164.5% in the second quarter. California State Teachers Retirement System now owns 46,151 shares of the company’s stock valued at $699,000 after buying an additional 28,704 shares in the last quarter. 55.42% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the stock. Vetr cut shares of Barracuda Networks from a “strong-buy” rating to a “buy” rating and set a $26.50 target price on the stock. in a research note on Monday, September 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Barracuda Networks in a research note on Thursday, October 13th. JMP Securities boosted their target price on shares of Barracuda Networks from $13.00 to $15.00 and gave the company a “market underperform” rating in a research note on Wednesday, October 12th. Stifel Nicolaus boosted their price target on shares of Barracuda Networks from $26.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, October 12th. Finally, BWS Financial boosted their price target on shares of Barracuda Networks from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, October 12th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Barracuda Networks currently has a consensus rating of “Buy” and an average price target of $24.98.

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.

5 Day Chart for NYSE:CUDA

Receive News & Stock Ratings for Barracuda Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barracuda Networks Inc. and related stocks with our FREE daily email newsletter.