Barracuda Networks Inc (CUDA) Files Form 4 Insider Selling : Michael D Hughes Sells 6,900 Shares

Barracuda Networks Inc (CUDA): Michael D Hughes , SVP, Worldwide Sales of Barracuda Networks Inc sold 6,900 shares on Apr 27, 2016. The Insider selling transaction was reported by the company on May 2, 2016 to the Securities and Exchange Commission. The shares were sold at $18.03 per share for a total value of $124,407.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 29, 2016, Dean M Drako (10% owner) sold 68,170 shares at $17.51 per share price.On Mar 16, 2016, David Faugno (Chief Financial Officer) sold 2,200 shares at $30.09 per share price.Also, On Mar 10, 2016, Michael D Perone (director officer 10% owner (Chief Marketing Offic) sold 16,700 shares at $39.83 per share price.On Mar 10, 2016, Zachary S Levow (director) sold 3,802 shares at $42.95 per share price.

Barracuda Networks Inc: On Wednesday, Apr 27, 2016 heightened volatility was witnessed in Barracuda Networks Inc which led to swings in the share price. The shares opened for trading at $17.28 and hit $18.6 on the upside , eventually ending the session at $18.18, with a gain of 16.91% or 2.63 points. The heightened volatility saw the trading volume jump to 35,37,452 shares. The 52-week high of the share price is $46.38 and the company has a market cap of $965 M . The 52-week low of the share price is at $9.44.

Barracuda Networks Inc Money Flow Index Chart

Barracuda Networks Inc. (Barracuda Networks) designs and delivers security and storage solutions. The Company offers cloud-connected solutions for its customers to address security threats improve network performance and protect and store their data. The Company’s security and storage solutions are connected to its cloud services which enable continuous software updates offsite redundancy and distributed capacity and are offered on a subscription basis. Its solutions are delivered as cloud-connected appliances and virtual appliances as well as cloud-only solutions. Its cloud-only solutions are designed for customers who cannot or do not wish to deploy additional on-premises infrastructure. The Company’s appliances and virtual appliances leverage its cloud services to deliver hybrid cloud-connected solutions to its customers. Its security offerings include e-mail security Web security next-generation firewall application security and integrated network security among others.

Leave a Reply

Barracuda Networks Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Barracuda Networks Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.