Barracuda Networks, Inc. (CUDA) SVP Michael D. Hughes Sells 1,390 Shares

Barracuda Networks, Inc. (NYSE:CUDA) SVP Michael D. Hughes sold 1,390 shares of Barracuda Networks stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $21.97, for a total value of $30,538.30. Following the transaction, the senior vice president now directly owns 155,118 shares in the company, valued at approximately $3,407,942.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Barracuda Networks, Inc. (NYSE CUDA) traded up $0.48 on Monday, hitting $22.53. The company’s stock had a trading volume of 576,463 shares, compared to its average volume of 786,985. The company has a market capitalization of $1,174.85, a price-to-earnings ratio of 71.13, a PEG ratio of 5.88 and a beta of 3.22. Barracuda Networks, Inc. has a 52-week low of $19.06 and a 52-week high of $26.16.

Barracuda Networks (NYSE:CUDA) last issued its earnings results on Tuesday, October 10th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The firm had revenue of $94.30 million for the quarter, compared to analyst estimates of $93.32 million. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. equities analysts forecast that Barracuda Networks, Inc. will post 0.31 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of the business. Piedmont Investment Advisors LLC bought a new stake in shares of Barracuda Networks in the third quarter valued at $212,000. Cubist Systematic Strategies LLC bought a new stake in shares of Barracuda Networks during the 3rd quarter valued at $275,000. Segall Bryant & Hamill LLC raised its stake in shares of Barracuda Networks by 523.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 197,441 shares of the communications equipment provider’s stock valued at $4,784,000 after purchasing an additional 165,748 shares during the period. Allianz Asset Management GmbH raised its stake in shares of Barracuda Networks by 274.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 247,939 shares of the communications equipment provider’s stock valued at $6,008,000 after purchasing an additional 181,678 shares during the period. Finally, Engineers Gate Manager LP raised its stake in shares of Barracuda Networks by 147.8% during the 3rd quarter. Engineers Gate Manager LP now owns 58,701 shares of the communications equipment provider’s stock valued at $1,422,000 after purchasing an additional 35,014 shares during the period. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Several research analysts have weighed in on CUDA shares. Stifel Nicolaus reissued a “buy” rating and issued a $32.00 price objective on shares of Barracuda Networks in a research report on Tuesday, September 12th. Robert W. Baird reissued a “buy” rating and issued a $29.00 price objective on shares of Barracuda Networks in a research report on Tuesday, October 24th. Zacks Investment Research cut Barracuda Networks from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. BidaskClub cut Barracuda Networks from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. Finally, KeyCorp reissued a “buy” rating and issued a $30.00 price objective on shares of Barracuda Networks in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock 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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