Barracuda Networks Inc (CUDA) Files Form 4 Insider Selling : Dean M Drako Sells 174,038 Shares

Barracuda Networks Inc (CUDA): Dean M Drako , 10% owner of Barracuda Networks Inc sold 174,038 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jul 13, 2016 to the Securities and Exchange Commission. The shares were sold at $17.29 per share for a total value of $3,011,178.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 22, 2016, Gordon Stitt (director) purchased 4,000 shares at $20.81 per share price.On Jun 2, 2016, Dean M Drako (10% owner) sold 109,161 shares at $17.20 per share price.Also, On May 2, 2016, Michael D Hughes (SVP, Worldwide Sales) sold 6,900 shares at $18.03 per share price.On Mar 16, 2016, David Faugno (Chief Financial Officer) sold 2,200 shares at $30.09 per share price.

Barracuda Networks Inc: On Wednesday, Jul 13, 2016 heightened volatility was witnessed in Barracuda Networks Inc which led to swings in the share price. The shares opened for trading at $19.77 and hit $19.85 on the upside , eventually ending the session at $19.78, with a gain of 1.07% or 0.21 points. The heightened volatility saw the trading volume jump to 18,06,878 shares. The 52-week high of the share price is $31.08 and the company has a market cap of $1,031 M . The 52-week low of the share price is at $9.44.

Barracuda Networks Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Barracuda Networks Inc is Reiterated by Imperial Capital to In-line and the brokerage firm has raised the Price Target to $ 17 from a previous price target of $15 .The Rating was issued on Jul 12, 2016.Barracuda Networks Inc is Reiterated by Imperial Capital to In-line while Lowering the Price Target of the company shares to $ 15 from a previous price target of $16 . The Rating was issued on Jun 30, 2016.Barracuda Networks Inc is Downgraded by JMP Securities to Mkt Underperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on Jun 6, 2016.Barracuda Networks Inc is Reiterated by Imperial Capital to In-line and the brokerage firm has raised the Price Target to $ 16 from a previous price target of $12 .The Rating was issued on May 3, 2016.Barracuda Networks Inc is Reiterated by Imperial Capital to In-line and the brokerage firm has raised the Price Target to $ 16 from a previous price target of $12 .The Rating was issued on May 2, 2016.

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.

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Barracuda Networks Inc - Is it time to Sell?

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