Barracuda Networks, Inc. (NYSE:CUDA) CEO William D. Jenkins, Jr. sold 15,206 shares of the stock in a transaction on Monday, February 6th. The stock was sold at an average price of $24.00, for a total value of $364,944.00. Following the transaction, the chief executive officer now owns 510,174 shares of the company’s stock, valued at $12,244,176. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Barracuda Networks, Inc. (NYSE:CUDA) opened at 24.43 on Monday. The company has a market cap of $1.29 billion, a PE ratio of 128.58 and a beta of 3.43. The stock’s 50 day moving average price is $23.22 and its 200 day moving average price is $23.24. Barracuda Networks, Inc. has a 12-month low of $10.81 and a 12-month high of $26.69.
Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings results on Monday, January 9th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. Barracuda Networks had a negative return on equity of 101.22% and a net margin of 2.95%. The company earned $88.80 million during the quarter. During the same period last year, the firm posted $0.07 EPS. Barracuda Networks’s quarterly revenue was up 10.9% on a year-over-year basis. Equities research analysts anticipate that Barracuda Networks, Inc. will post $0.78 EPS for the current year.
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Several institutional investors have recently bought and sold shares of the company. Trexquant Investment LP purchased a new position in shares of Barracuda Networks during the fourth quarter worth about $385,000. Federated Investors Inc. PA boosted its position in shares of Barracuda Networks by 277.3% in the fourth quarter. Federated Investors Inc. PA now owns 24,281 shares of the company’s stock worth $520,000 after buying an additional 17,846 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Barracuda Networks by 52.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,032,111 shares of the company’s stock worth $22,118,000 after buying an additional 353,726 shares during the last quarter. Oxford Asset Management boosted its position in shares of Barracuda Networks by 57.3% in the fourth quarter. Oxford Asset Management now owns 129,958 shares of the company’s stock worth $2,785,000 after buying an additional 47,359 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Barracuda Networks by 3.5% in the fourth quarter. State Street Corp now owns 469,832 shares of the company’s stock worth $10,068,000 after buying an additional 15,785 shares during the last quarter. 57.17% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on CUDA. Vetr lowered Barracuda Networks from a “strong-buy” rating to a “buy” rating and set a $26.50 target price for the company. in a research note on Monday, February 6th. Needham & Company LLC began coverage on Barracuda Networks in a research note on Monday, February 6th. They issued a “buy” rating and a $28.00 target price for the company. Zacks Investment Research lowered Barracuda Networks from a “buy” rating to a “hold” rating in a research note on Friday, January 13th. Rosenblatt Securities set a $30.00 target price on Barracuda Networks and gave the company a “buy” rating in a research note on Tuesday, January 10th. Finally, Imperial Capital set a $21.00 target price on Barracuda Networks and gave the company a “sell” rating in a research note on Wednesday, January 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $25.53.
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.
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