William Blair reiterated their market perform rating on shares of Barracuda Networks, Inc. (NYSE:CUDA) in a research report sent to investors on Tuesday morning.

Several other equities analysts also recently commented on the company. DA Davidson restated an underperform rating and set a $22.00 target price on shares of Barracuda Networks in a research report on Saturday, January 7th. Robert W. Baird restated an outperform rating and set a $29.00 target price on shares of Barracuda Networks in a research report on Wednesday, November 30th. Imperial Capital restated an underperform rating and set a $21.00 target price (up previously from $20.00) on shares of Barracuda Networks in a research report on Thursday, January 5th. Stifel Nicolaus raised their target price on Barracuda Networks from $26.00 to $32.00 and gave the stock a buy rating in a research report on Wednesday, October 12th. Finally, Stephens restated a neutral rating and set a $24.00 target price (up previously from $18.00) on shares of Barracuda Networks in a research report on Thursday, October 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $25.41.

Shares of Barracuda Networks (NYSE:CUDA) traded up 0.50% on Tuesday, reaching $24.11. The company had a trading volume of 662,949 shares. The company has a 50-day moving average price of $22.66 and a 200-day moving average price of $22.46. The firm has a market cap of $1.27 billion, a P/E ratio of 126.89 and a beta of 3.42. Barracuda Networks has a one year low of $9.44 and a one year high of $26.69.

Barracuda Networks (NYSE:CUDA) last announced its quarterly earnings data on Monday, January 9th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.08. Barracuda Networks had a negative return on equity of 101.22% and a net margin of 2.95%. The company had revenue of $88.80 million for the quarter. During the same period in the previous year, the business posted $0.07 EPS. Barracuda Networks’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts expect that Barracuda Networks will post $0.78 earnings per share for the current fiscal year.

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In other Barracuda Networks news, CEO William D. Jenkins, Jr. sold 16,500 shares of the business’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $24.74, for a total value of $408,210.00. Following the completion of the transaction, the chief executive officer now directly owns 551,880 shares of the company’s stock, valued at $13,653,511.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Diane Honda sold 3,593 shares of the company’s stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $25.50, for a total value of $91,621.50. Following the transaction, the vice president now directly owns 56,997 shares of the company’s stock, valued at $1,453,423.50. The disclosure for this sale can be found here. Corporate insiders own 39.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CUDA. BlackRock Institutional Trust Company N.A. boosted its position in Barracuda Networks by 32.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 574,917 shares of the company’s stock valued at $8,704,000 after buying an additional 140,555 shares in the last quarter. BlackRock Fund Advisors boosted its position in Barracuda Networks by 141.1% in the second quarter. BlackRock Fund Advisors now owns 565,490 shares of the company’s stock valued at $8,562,000 after buying an additional 330,942 shares in the last quarter. BlackRock Investment Management LLC boosted its position in Barracuda Networks by 197.6% in the second quarter. BlackRock Investment Management LLC now owns 81,322 shares of the company’s stock valued at $1,231,000 after buying an additional 53,996 shares in the last quarter. BlackRock Advisors LLC boosted its position in Barracuda Networks by 60.8% in the second quarter. BlackRock Advisors LLC now owns 10,312 shares of the company’s stock valued at $156,000 after buying an additional 3,900 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Barracuda Networks by 3.2% in the second quarter. Vanguard Group Inc. now owns 1,523,258 shares of the company’s stock valued at $23,063,000 after buying an additional 47,118 shares in the last quarter. 54.76% of the stock is owned by institutional investors.

Barracuda Networks Company Profile

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.

5 Day Chart for NYSE:CUDA

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