Barracuda Networks, Inc. (NYSE:CUDA) Director Michael D. Perone sold 39,496 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $24.09, for a total transaction of $951,458.64. Following the sale, the director now directly owns 1,992,600 shares of the company’s stock, valued at $48,001,734. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Barracuda Networks, Inc. (NYSE CUDA) traded up 0.04% during midday trading on Thursday, hitting $24.09. 199,930 shares of the stock were exchanged. Barracuda Networks, Inc. has a 12-month low of $19.06 and a 12-month high of $26.69. The firm has a market cap of $1.28 billion, a P/E ratio of 126.79 and a beta of 3.28. The stock’s 50 day moving average is $23.54 and its 200 day moving average is $22.73.

Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings results on Monday, July 10th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $94.18 million for the quarter, compared to analyst estimates of $91.18 million. Barracuda Networks had a net margin of 2.81% and a negative return on equity of 1,770.56%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $0.20 EPS. On average, equities research analysts forecast that Barracuda Networks, Inc. will post $0.76 earnings per share for the current fiscal year.

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A number of brokerages recently weighed in on CUDA. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Barracuda Networks in a research report on Tuesday, September 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $32.00 price target on shares of Barracuda Networks in a research report on Tuesday, September 12th. BidaskClub upgraded shares of Barracuda Networks from a “strong sell” rating to a “sell” rating in a report on Friday, September 8th. Robert W. Baird reiterated a “buy” rating on shares of Barracuda Networks in a report on Tuesday, July 11th. Finally, Imperial Capital boosted their price objective on shares of Barracuda Networks from $20.00 to $21.00 and gave the stock an “in-line” rating in a report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given 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 a consensus price target of $26.59.

A number of hedge funds and other institutional investors have recently bought and sold shares of CUDA. Wells Fargo & Company MN grew its position in Barracuda Networks by 18.5% in the 1st quarter. Wells Fargo & Company MN now owns 152,787 shares of the communications equipment provider’s stock worth $3,531,000 after purchasing an additional 23,901 shares during the last quarter. First Trust Advisors LP grew its position in Barracuda Networks by 29.7% in the 1st quarter. First Trust Advisors LP now owns 267,931 shares of the communications equipment provider’s stock worth $6,192,000 after purchasing an additional 61,274 shares during the last quarter. US Bancorp DE grew its position in Barracuda Networks by 170.8% in the 1st quarter. US Bancorp DE now owns 8,226 shares of the communications equipment provider’s stock worth $191,000 after purchasing an additional 5,188 shares during the last quarter. Bank of New York Mellon Corp grew its position in Barracuda Networks by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 122,232 shares of the communications equipment provider’s stock worth $2,825,000 after purchasing an additional 4,694 shares during the last quarter. Finally, Comerica Bank acquired a new stake in Barracuda Networks in the 1st quarter worth $949,000. Institutional investors own 65.96% of the company’s stock.

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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