Barracuda Networks, Inc. (NYSE:CUDA) CFO Dustin Driggs sold 5,135 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $24.85, for a total transaction of $127,604.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Dustin Driggs also recently made the following trade(s):

  • On Monday, October 2nd, Dustin Driggs sold 1,250 shares of Barracuda Networks stock. The stock was sold at an average price of $24.37, for a total transaction of $30,462.50.
  • On Friday, September 1st, Dustin Driggs sold 1,250 shares of Barracuda Networks stock. The stock was sold at an average price of $24.03, for a total transaction of $30,037.50.
  • On Tuesday, August 1st, Dustin Driggs sold 1,250 shares of Barracuda Networks stock. The stock was sold at an average price of $22.63, for a total transaction of $28,287.50.

Barracuda Networks, Inc. (CUDA) traded up 1.67% during midday trading on Thursday, hitting $25.61. 389,097 shares of the company’s stock traded hands. Barracuda Networks, Inc. has a 52 week low of $19.06 and a 52 week high of $26.69. The company has a 50 day moving average of $23.94 and a 200-day moving average of $22.83. The company has a market capitalization of $1.36 billion, a PE ratio of 134.79 and a beta of 3.27.

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

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A number of large investors have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. grew its stake in 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. Renaissance Group LLC grew its stake in Barracuda Networks by 2.5% during the 2nd quarter. Renaissance Group LLC now owns 14,118 shares of the communications equipment provider’s stock valued at $326,000 after acquiring an additional 343 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Barracuda Networks by 1.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 52,327 shares of the communications equipment provider’s stock valued at $1,209,000 after acquiring an additional 621 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Barracuda Networks by 2.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 33,590 shares of the communications equipment provider’s stock valued at $776,000 after acquiring an additional 655 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in Barracuda Networks by 4.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,396 shares of the communications equipment provider’s stock valued at $401,000 after acquiring an additional 710 shares in the last quarter. 65.96% of the stock is currently owned by institutional investors.

Several research analysts have commented on CUDA shares. Stifel Nicolaus reiterated a “buy” rating and set a $32.00 price target on shares of Barracuda Networks in a report on Wednesday, July 19th. Northland Securities reiterated a “buy” rating and set a $28.00 price target on shares of Barracuda Networks in a report on Friday, June 30th. BTIG Research reiterated a “buy” rating and set a $30.00 price target on shares of Barracuda Networks in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of Barracuda Networks from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Thursday, July 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Barracuda Networks in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.59.

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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