Barracuda Networks, Inc. (NYSE:CUDA) Director Michael D. Perone sold 253,128 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $24.29, for a total value of $6,148,479.12. Following the completion of the sale, the director now directly owns 2,544,290 shares of the company’s stock, valued at $61,800,804.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Barracuda Networks, Inc. (NYSE CUDA) opened at 24.36 on Friday. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 128.21 and a beta of 3.28. Barracuda Networks, Inc. has a 12 month low of $19.06 and a 12 month high of $26.69. The company has a 50 day moving average price of $23.41 and a 200 day moving average price of $22.72.

Barracuda Networks (NYSE:CUDA) last released its quarterly earnings data on Monday, July 10th. The communications equipment provider reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The firm had revenue of $94.18 million during the quarter, compared to the consensus estimate of $91.18 million. Barracuda Networks had a negative return on equity of 1,770.56% and a net margin of 2.81%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. Analysts anticipate that Barracuda Networks, Inc. will post $0.76 earnings per share for the current fiscal year.

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A number of analysts have recently commented on CUDA shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $32.00 price target on shares of Barracuda Networks in a research note on Wednesday, July 19th. Northland Securities reaffirmed a “buy” rating and issued a $28.00 price target on shares of Barracuda Networks in a research note on Friday, June 30th. BTIG Research reaffirmed a “buy” rating and issued a $30.00 price target on shares of Barracuda Networks in a research note on Thursday, July 13th. Zacks Investment Research raised Barracuda Networks from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Thursday, July 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of Barracuda Networks in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $26.59.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CUDA. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in shares of Barracuda Networks during the first quarter valued at approximately $517,000. Wells Fargo & Company MN increased its holdings in shares of Barracuda Networks by 18.5% during the first quarter. Wells Fargo & Company MN now owns 152,787 shares of the communications equipment provider’s stock valued at $3,531,000 after acquiring an additional 23,901 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Barracuda Networks by 29.7% during the first quarter. First Trust Advisors LP now owns 267,931 shares of the communications equipment provider’s stock valued at $6,192,000 after acquiring an additional 61,274 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Barracuda Networks by 3.0% during the first quarter. American Century Companies Inc. now owns 286,968 shares of the communications equipment provider’s stock valued at $6,632,000 after acquiring an additional 8,477 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Barracuda Networks by 170.8% during the first quarter. US Bancorp DE now owns 8,226 shares of the communications equipment provider’s stock valued at $191,000 after acquiring an additional 5,188 shares in the last quarter. Hedge funds and other institutional investors own 65.98% of the company’s stock.

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.

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

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