Barracuda Networks, Inc. (NYSE:CUDA) CEO William D. Jenkins, Jr. sold 16,500 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $24.30, for a total transaction of $400,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings results on Monday, July 10th. The communications equipment provider reported $0.18 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 during the quarter, compared to analysts’ expectations of $91.18 million. During the same quarter in the previous year, the business posted $0.20 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. Equities analysts anticipate that Barracuda Networks, Inc. will post $0.76 EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Barracuda Networks by 7.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,934,104 shares of the communications equipment provider’s stock worth $67,660,000 after acquiring an additional 204,731 shares in the last quarter. Systematic Financial Management LP grew its holdings in 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 worth $50,094,000 after acquiring an additional 426,715 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Barracuda Networks by 0.8% during the 1st quarter. Clearbridge Investments LLC now owns 2,034,008 shares of the communications equipment provider’s stock worth $47,006,000 after acquiring an additional 16,324 shares in the last quarter. ETF Managers Group LLC acquired a new position in Barracuda Networks during the 2nd quarter worth approximately $44,968,000. Finally, Renaissance Technologies LLC grew its holdings in 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 worth $35,473,000 after acquiring an additional 402,605 shares in the last quarter. Institutional investors own 65.96% of the company’s stock.

A number of brokerages have commented on CUDA. Stifel Nicolaus restated a “buy” rating and issued a $32.00 target price on shares of Barracuda Networks in a research note on Tuesday, September 12th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $28.00 price target (down previously from $29.00) on shares of Barracuda Networks in a research report on Wednesday, July 12th. Robert W. Baird reaffirmed a “buy” rating on shares of Barracuda Networks in a research report on Tuesday, July 11th. Pacific Crest reaffirmed an “overweight” rating and issued a $30.00 price target on shares of Barracuda Networks in a research report on Wednesday, June 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $30.00 price target on shares of Barracuda Networks in a research report on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price 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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