Barracuda Networks Inc (CUDA) CFO Sells $29,150.00 in Stock

Barracuda Networks Inc (NYSE:CUDA) CFO Dustin Driggs sold 1,250 shares of the business’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $23.32, for a total transaction of $29,150.00. Following the transaction, the chief financial officer now owns 37,453 shares of the company’s stock, valued at $873,403.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Barracuda Networks Inc (NYSE:CUDA) traded down 0.26% on Thursday, reaching $23.16. 587,750 shares of the company traded hands. Barracuda Networks Inc has a 1-year low of $13.91 and a 1-year high of $26.69. The firm has a market capitalization of $1.22 billion, a P/E ratio of 121.89 and a beta of 3.43. The stock has a 50-day moving average price of $23.22 and a 200 day moving average price of $23.43.

Insider Buying and Selling by Quarter for Barracuda Networks (NYSE:CUDA)

ILLEGAL ACTIVITY NOTICE: “Barracuda Networks Inc (CUDA) CFO Sells $29,150.00 in Stock” was reported by sleekmoney and is owned by of sleekmoney. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at http://sleekmoney.com/barracuda-networks-inc-cuda-cfo-sells-29150-00-in-stock/1739718.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CUDA. Highbridge Capital Management LLC acquired a new position in Barracuda Networks during the fourth quarter valued at $307,000. Trexquant Investment LP acquired a new position in Barracuda Networks during the fourth quarter valued at $385,000. Bayesian Capital Management LP acquired a new position in Barracuda Networks during the fourth quarter valued at $468,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Barracuda Networks by 8,236.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,841 shares of the company’s stock valued at $506,000 after buying an additional 19,603 shares during the last quarter. Finally, Federated Investors Inc. PA increased its position in Barracuda Networks by 277.3% in the fourth quarter. Federated Investors Inc. PA now owns 24,281 shares of the company’s stock valued at $520,000 after buying an additional 17,846 shares during the last quarter. Institutional investors and hedge funds own 57.17% of the company’s stock.

A number of research analysts have recently commented on CUDA shares. Zacks Investment Research lowered shares of Barracuda Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, December 20th. Imperial Capital restated an “underperform” rating and set a $21.00 price target (up from $20.00) on shares of Barracuda Networks in a research report on Thursday, January 5th. DA Davidson restated an “underperform” rating and set a $22.00 price target on shares of Barracuda Networks in a research report on Saturday, January 7th. BTIG Research restated a “buy” rating and set a $30.00 price target (up from $28.00) on shares of Barracuda Networks in a research report on Tuesday, January 10th. Finally, Morgan Stanley restated an “equal weight” rating and set a $25.00 price target (up from $22.00) on shares of Barracuda Networks in a research report on Tuesday, January 10th. Two research 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. Barracuda Networks presently has a consensus rating of “Buy” and an average target price of $25.53.

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.

5 Day Chart for NYSE:CUDA

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/barracuda-networks-inc-cuda-cfo-sells-29150-00-in-stock/1739718.html

Receive News & Ratings for Barracuda Networks Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barracuda Networks Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *