Economy

Barracuda Networks, Inc. (CUDA) Director Sells $2894839.19 in Stock

It has outperformed by 3.59% the S&P500. Barracuda Networks's quarterly revenue was up 8.7% compared to the same quarter a year ago. Therefore 59% are positive.

FT reports, The 15 analysts offering 12 month price targets for Barracuda Networks Inc have a median target of 29.00, with a high estimate of 32.00 and a low estimate of 21.00. The shares were sold at an average price of $24.02, for a total value of $1,936,300.24. BidaskClub raised Barracuda Networks from a "strong sell" rating to a "sell" rating in a report on Saturday. The rating was maintained by Piper Jaffray on Monday, July 10 with "Buy". The value of the investment in Barracuda Networks, Inc. went from $447,000 to $815,000 increasing 82.3% since the last quarter. The rating was downgraded by JMP Securities to "Market Underperform" on Monday, June 6.

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Barracuda Networks, Inc.

Several equities analysts have commented on the stock.

Barracuda Networks, Inc., launched on November 17, 2004, designs and delivers security and data protection solutions.

The company now has a P/E ratio of 135.11 and the market cap of the company is 1.36B. Its solutions are created to manage information technology operations for its customers.

About 191,554 shares traded. D E Shaw & invested 0.01% in Barracuda Networks Inc (NYSE:CUDA). On average, analysts forecast that Barracuda Networks, Inc. will post $0.76 EPS for the current year. CUDA's profit will be $3.71M for 92.25 P/E if the $0.07 EPS becomes a reality.

Investors sentiment decreased to 1.11 in 2017 Q2. Its down 1.09, from 2.2 in 2017Q1. The value of the total investment in Barracuda Networks, Inc. decreased from $1,032,000 to $546,000 a change of 47.1% quarter to quarter. Barracuda Networks Inc (NYSE:CUDA) has risen 38.20% since October 6, 2016 and is uptrending. Arrowmark Colorado Holding Limited Com reported 1.61M shares.

Geode Cap Mgmt Lc accumulated 364,724 shares. Nationwide Fund Advsrs stated it has 0% in Barracuda Networks Inc (NYSE:CUDA). Finally, Ameriprise Financial Inc. bought a new position in Barracuda Networks in the first quarter worth about $4,867,000.

04/18/2017 - Barracuda Networks, Inc. had its "neutral" rating reiterated by analysts at D.A. Davidson. Piermont Capital owns 36,760 shares or 0.24% of their USA portfolio. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/07/insider-selling-barracuda-networks-inc-cuda-director-sells-2894839-19-in-stock.html. The fund bought 1,950,026 shares of the communications equipment provider's stock, valued at approximately $44,968,000. Omers Administration Corp invested in 18,694 shares. Wells Fargo & Mn owns 104,449 shares for 0% of their portfolio. Trexquant Investment Lp now controls 24,273 shares valued at $560,000. 686,180 were reported by Sei Invests. Clearbridge Investments LLC increased its stake in shares of Barracuda Networks by 0.8% in the 1st quarter.

Since May 1, 2017, it had 0 insider purchases, and 4 insider sales for $247,446 activity. (NYSE:CUDA). Director Michael D. Perone sold 378,738 shares at a price of $24.41 on Wednesday the 4th.

COPYRIGHT VIOLATION NOTICE: "Barracuda Networks, Inc". Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Therefore 82% are positive. They now have a United States dollars 21 price target on the stock. Barclays Capital maintained Visa Inc (NYSE:V) on Monday, May 16 with "Overweight" rating. They now have a United States dollars 25 price target on the stock.

On Tuesday, August 1st, Dustin Driggs sold 1,250 shares of Barracuda Networks stock. The firm earned "Buy" rating on Friday, October 30 by BWS Financial. The shares sold for $24.68. 123 funds opened positions while 564 raised stakes. Stifel Fin invested in 0% or 22,718 shares. In the last ninety days, insiders sold 2,839,430 shares of company stock worth $68,785,913. Sentinel Asset Mgmt stated it has 621,930 shares or 0.35% of all its holdings. Moors And Cabot owns 29,015 shares or 0.45% of their USA portfolio. Zacks Inv stated it has 66,141 shares. Creative Planning accumulated 270,409 shares or 0.13% of the stock. Following the transaction, the chief executive officer now owns 621,108 shares in the company, valued at $14,919,014.16. It also reduced Nvidia Corp (NASDAQ:NVDA) stake by 5,719 shares and now owns 66,075 shares.

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