Barracuda Networks, Inc. (CUDA) CMO Michael D. Perone Sells 3,266 Shares, Report finds

Barracuda Networks, Inc. (CUDA) CMO Michael D. Perone Sells 3,266 Shares, Report finds

Barracuda Networks, Inc. (NYSE:CUDA) CMO Michael D. Perone sold 3,266 shares of Barracuda Networks stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $24.00, for a total transaction of $78,384.00. Following the completion of the transaction, the chief marketing officer now owns 3,900,045 shares in the company, valued at approximately $93,601,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Barracuda Networks, Inc. (NYSE:CUDA) traded down 0.66% on Wednesday, reaching $24.08. 710,816 shares of the company’s stock were exchanged. Barracuda Networks, Inc. has a 12 month low of $10.20 and a 12 month high of $26.69. The firm has a market cap of $1.27 billion, a PE ratio of 126.74 and a beta of 3.43. The firm’s 50-day moving average is $23.09 and its 200-day moving average is $23.21.

Barracuda Networks (NYSE:CUDA) last issued its earnings results on Monday, January 9th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.08. Barracuda Networks had a net margin of 2.95% and a negative return on equity of 101.22%. The firm earned $88.80 million during the quarter. During the same period in the previous year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities analysts forecast that Barracuda Networks, Inc. will post $0.78 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Strs Ohio increased its stake in shares of Barracuda Networks by 23.1% in the second quarter. Strs Ohio now owns 95,936 shares of the company’s stock valued at $1,452,000 after buying an additional 18,000 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Barracuda Networks by 69.3% in the second quarter. Bank of New York Mellon Corp now owns 81,445 shares of the company’s stock valued at $1,232,000 after buying an additional 33,349 shares in the last quarter. Swiss National Bank increased its stake in shares of Barracuda Networks by 54.1% in the second quarter. Swiss National Bank now owns 45,000 shares of the company’s stock valued at $681,000 after buying an additional 15,800 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Barracuda Networks by 28.9% in the second quarter. JPMorgan Chase & Co. now owns 224,615 shares of the company’s stock valued at $3,400,000 after buying an additional 50,410 shares in the last quarter. Finally, Numeric Investors LLC bought a new stake in shares of Barracuda Networks during the second quarter valued at about $321,000. 55.56% of the stock is owned by institutional investors.

Several research analysts have issued reports on CUDA shares. Vetr upgraded shares of Barracuda Networks from a “buy” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research report on Tuesday, January 10th. BTIG Research reiterated a “buy” rating and set a $30.00 price objective (up from $28.00) on shares of Barracuda Networks in a research report on Tuesday, January 10th. Morgan Stanley reiterated an “equal weight” rating and set a $23.00 price objective (up from $19.00) on shares of Barracuda Networks in a research report on Wednesday, October 12th. Stifel Nicolaus lifted their price objective on shares of Barracuda Networks from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, October 12th. Finally, Zacks Investment Research cut shares of Barracuda Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, December 20th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Barracuda Networks has an average rating of “Hold” and a consensus target price 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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Barracuda Networks, Inc. (CUDA) CMO Michael D. Perone Sells 3,266 Shares

Barracuda Networks, Inc. (CUDA) CMO Michael D. Perone Sells 3,266 Shares

Barracuda Networks, Inc. (NYSE:CUDA) CMO Michael D. Perone sold 3,266 shares of Barracuda Networks stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $24.00, for a total transaction of $78,384.00. Following the completion of the transaction, the chief marketing officer now owns 3,900,045 shares in the company, valued at approximately $93,601,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Barracuda Networks, Inc. (NYSE:CUDA) traded down 0.66% on Wednesday, reaching $24.08. 710,816 shares of the company’s stock were exchanged. Barracuda Networks, Inc. has a 12 month low of $10.20 and a 12 month high of $26.69. The firm has a market cap of $1.27 billion, a PE ratio of 126.74 and a beta of 3.43. The firm’s 50-day moving average is $23.09 and its 200-day moving average is $23.21.

Barracuda Networks (NYSE:CUDA) last issued its earnings results on Monday, January 9th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.08. Barracuda Networks had a net margin of 2.95% and a negative return on equity of 101.22%. The firm earned $88.80 million during the quarter. During the same period in the previous year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities analysts forecast that Barracuda Networks, Inc. will post $0.78 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Strs Ohio increased its stake in shares of Barracuda Networks by 23.1% in the second quarter. Strs Ohio now owns 95,936 shares of the company’s stock valued at $1,452,000 after buying an additional 18,000 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Barracuda Networks by 69.3% in the second quarter. Bank of New York Mellon Corp now owns 81,445 shares of the company’s stock valued at $1,232,000 after buying an additional 33,349 shares in the last quarter. Swiss National Bank increased its stake in shares of Barracuda Networks by 54.1% in the second quarter. Swiss National Bank now owns 45,000 shares of the company’s stock valued at $681,000 after buying an additional 15,800 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Barracuda Networks by 28.9% in the second quarter. JPMorgan Chase & Co. now owns 224,615 shares of the company’s stock valued at $3,400,000 after buying an additional 50,410 shares in the last quarter. Finally, Numeric Investors LLC bought a new stake in shares of Barracuda Networks during the second quarter valued at about $321,000. 55.56% of the stock is owned by institutional investors.

Several research analysts have issued reports on CUDA shares. Vetr upgraded shares of Barracuda Networks from a “buy” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research report on Tuesday, January 10th. BTIG Research reiterated a “buy” rating and set a $30.00 price objective (up from $28.00) on shares of Barracuda Networks in a research report on Tuesday, January 10th. Morgan Stanley reiterated an “equal weight” rating and set a $23.00 price objective (up from $19.00) on shares of Barracuda Networks in a research report on Wednesday, October 12th. Stifel Nicolaus lifted their price objective on shares of Barracuda Networks from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, October 12th. Finally, Zacks Investment Research cut shares of Barracuda Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, December 20th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Barracuda Networks has an average rating of “Hold” and a consensus target price 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.

Related posts

Leave a Comment