Barracuda Networks, Inc. (NYSE:CUDA) Director Michael D. Perone sold 118,787 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $24.37, for a total value of $2,894,839.19. Following the sale, the director now owns 1,625,793 shares of the company’s stock, valued at $39,620,575.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Barracuda Networks, Inc. (CUDA) opened at 25.67 on Friday. The stock has a market capitalization of $1.36 billion, a PE ratio of 135.11 and a beta of 3.27. Barracuda Networks, Inc. has a 52-week low of $19.06 and a 52-week high of $26.69. The firm has a 50-day moving average of $24.00 and a 200-day moving average of $22.85.

Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings data 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. Barracuda Networks had a net margin of 2.81% and a negative return on equity of 1,770.56%. The company had revenue of $94.18 million for the quarter, compared to the consensus estimate of $91.18 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. On average, equities analysts expect that Barracuda Networks, Inc. will post $0.76 EPS for the current year.

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Several large investors have recently bought and sold shares of CUDA. Victory Capital Management Inc. increased its holdings in shares of Barracuda Networks by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,793 shares of the communications equipment provider’s stock worth $111,000 after purchasing an additional 717 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Barracuda Networks during the 2nd quarter worth about $113,000. Legal & General Group Plc increased its holdings in shares of Barracuda Networks by 15.7% during the 2nd quarter. Legal & General Group Plc now owns 6,112 shares of the communications equipment provider’s stock worth $140,000 after purchasing an additional 828 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Barracuda Networks by 2.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 6,276 shares of the communications equipment provider’s stock valued at $146,000 after acquiring an additional 177 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Barracuda Networks by 17.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,374 shares of the communications equipment provider’s stock valued at $167,000 after acquiring an additional 1,104 shares in the last quarter. Institutional investors own 65.96% of the company’s stock.

A number of research firms have recently commented on CUDA. Needham & Company LLC restated a “buy” rating and set a $28.00 price objective on shares of Barracuda Networks in a report on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $32.00 price target on shares of Barracuda Networks in a report on Tuesday, September 12th. BidaskClub upgraded 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 increased their price target on Barracuda Networks from $20.00 to $21.00 and gave the company an “in-line” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $26.59.

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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