Barracuda Networks Inc. (NYSE:CUDA) major shareholder Dean M. Drako sold 57,884 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $24.13, for a total value of $1,396,740.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Barracuda Networks Inc. (NYSE:CUDA) opened at 24.08 on Monday. The company has a market cap of $1.26 billion, a PE ratio of 185.23 and a beta of 3.62. The firm’s 50 day moving average is $24.11 and its 200 day moving average is $20.43. Barracuda Networks Inc. has a 52-week low of $9.44 and a 52-week high of $26.69.

Barracuda Networks (NYSE:CUDA) last announced its quarterly earnings results on Tuesday, October 11th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. Barracuda Networks had a net margin of 2.03% and a negative return on equity of 56.63%. The company had revenue of $87.90 million for the quarter. During the same quarter in the prior year, the firm earned $0.10 EPS. Barracuda Networks’s quarterly revenue was up 12.1% compared to the same quarter last year. Analysts forecast that Barracuda Networks Inc. will post $0.69 EPS for the current fiscal year.

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

Institutional investors have recently made changes to their positions in the stock. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Barracuda Networks by 4,341.5% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 182,100 shares of the company’s stock valued at $4,639,000 after buying an additional 178,000 shares in the last quarter. Gotham Asset Management LLC bought a new position in shares of Barracuda Networks during the third quarter valued at about $769,000. The Manufacturers Life Insurance Company bought a new position in shares of Barracuda Networks during the third quarter valued at about $2,570,000. Two Sigma Advisers LP boosted its position in shares of Barracuda Networks by 138.1% in the third quarter. Two Sigma Advisers LP now owns 40,000 shares of the company’s stock valued at $1,019,000 after buying an additional 23,200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Barracuda Networks by 8,236.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,841 shares of the company’s stock valued at $506,000 after buying an additional 19,603 shares in the last quarter. Institutional investors own 57.03% of the company’s stock.

CUDA has been the subject of a number of recent analyst reports. Vetr downgraded Barracuda Networks from a “strong-buy” rating to a “buy” rating and set a $26.50 price target for the company. in a report on Monday, September 5th. Rosenblatt Securities initiated coverage on Barracuda Networks in a report on Monday, August 1st. They set a “buy” rating and a $30.00 price target for the company. Stifel Nicolaus increased their price target on Barracuda Networks from $26.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, October 12th. BTIG Research increased their price target on Barracuda Networks from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 12th. Finally, BWS Financial increased their price target on Barracuda Networks from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, October 12th. Three equities 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 issued a strong buy rating to the company. Barracuda Networks currently has an average rating of “Buy” and a consensus price target of $24.98.

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.

5 Day Chart for NYSE:CUDA

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