Barracuda Networks, Inc. (NYSE:CUDA) CFO Dustin Driggs sold 1,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $23.10, for a total value of $28,875.00. Following the transaction, the chief financial officer now directly owns 102,905 shares in the company, valued at $2,377,105.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value of $30,462.50.
  • On Wednesday, October 4th, Dustin Driggs sold 5,135 shares of Barracuda Networks stock. The stock was sold at an average price of $24.85, for a total value of $127,604.75.
  • 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 value of $30,037.50.

Shares of Barracuda Networks, Inc. (NYSE:CUDA) traded down $0.26 during midday trading on Friday, hitting $22.29. The stock had a trading volume of 1,569,445 shares, compared to its average volume of 1,536,520. The stock has a market cap of $1,187.63, a PE ratio of 71.90, a PEG ratio of 5.95 and a beta of 3.22.

Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings results on Tuesday, October 10th. The communications equipment provider reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. The firm had revenue of $94.30 million for the quarter, compared to analysts’ expectations of $93.32 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. research analysts anticipate that Barracuda Networks, Inc. will post 0.31 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of CUDA. ETF Managers Group LLC purchased a new position in shares of Barracuda Networks during the 2nd quarter valued at $44,968,000. AMI Asset Management Corp purchased a new position in shares of Barracuda Networks during the 2nd quarter valued at $10,897,000. Vanguard Group Inc. lifted its position in shares of Barracuda Networks by 19.0% during the 1st quarter. Vanguard Group Inc. now owns 2,729,373 shares of the communications equipment provider’s stock valued at $63,075,000 after buying an additional 436,541 shares during the last quarter. Systematic Financial Management LP lifted its position in shares of Barracuda Networks by 24.4% during the 2nd quarter. Systematic Financial Management LP now owns 2,172,326 shares of the communications equipment provider’s stock valued at $50,094,000 after buying an additional 426,715 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Barracuda Networks by 35.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,538,300 shares of the communications equipment provider’s stock valued at $35,473,000 after buying an additional 402,605 shares during the last quarter. 65.55% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on CUDA. BidaskClub upgraded Barracuda Networks from a “strong sell” rating to a “sell” rating in a report on Saturday, October 7th. KeyCorp reiterated a “buy” rating and set a $30.00 price target on shares of Barracuda Networks in a report on Wednesday, October 11th. J P Morgan Chase & Co reiterated a “buy” rating and set a $35.00 price target on shares of Barracuda Networks in a report on Wednesday, October 11th. Robert W. Baird reiterated a “buy” rating and set a $29.00 price target on shares of Barracuda Networks in a report on Wednesday, October 11th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $30.00 price objective on shares of Barracuda Networks in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $28.10.

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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