Barracuda Networks Inc (CUDA) Files Form 4 Insider Selling : Jeffry R Allen Sells 10,000 Shares

Barracuda Networks Inc (CUDA): Jeffry R Allen , director of Barracuda Networks Inc sold 10,000 shares on Jul 13, 2016. The Insider selling transaction was reported by the company on Jul 15, 2016 to the Securities and Exchange Commission. The shares were sold at $19.38 per share for a total value of $193,800.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 14, 2016, Dean M Drako (10% owner) sold 60,000 shares at $19.62 per share price.On Jun 22, 2016, Gordon Stitt (director) purchased 4,000 shares at $20.81 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.

Shares of Barracuda Networks Inc (CUDA) ended Friday, Jul 15, 2016 session in red amid volatile trading. The shares closed down -0.21 points or -1.03% at $20.09 with 8,36,542 shares getting traded. Post opening the session at $20.37, the shares hit an intraday low of $19.89 and an intraday high of $20.48 and the price vacillated in this range throughout the day. The company has a market cap of $1,047 M and the number of outstanding shares has been calculated to be 5,21,27,092 shares. The 52-week high of Barracuda Networks Inc is $30.77 and the 52-week low is $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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