Crow Point Partners LLC Purchases 8,506 Shares of Barracuda Networks, Inc. (CUDA)

Crow Point Partners LLC boosted its position in Barracuda Networks, Inc. (NYSE:CUDA) by 94.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,548 shares of the communications equipment provider’s stock after buying an additional 8,506 shares during the quarter. Crow Point Partners LLC’s holdings in Barracuda Networks were worth $422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC increased its position in Barracuda Networks by 63.7% in the second quarter. AlphaMark Advisors LLC now owns 44,200 shares of the communications equipment provider’s stock worth $1,019,000 after buying an additional 17,200 shares during the last quarter. Gotham Asset Management LLC increased its position in Barracuda Networks by 2.5% in the first quarter. Gotham Asset Management LLC now owns 35,109 shares of the communications equipment provider’s stock worth $811,000 after buying an additional 871 shares during the last quarter. Atria Investments LLC purchased a new stake in Barracuda Networks in the second quarter worth $204,000. Clearbridge Investments LLC increased its position in Barracuda Networks by 0.8% in the first quarter. Clearbridge Investments LLC now owns 2,034,008 shares of the communications equipment provider’s stock worth $47,006,000 after buying an additional 16,324 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in Barracuda Networks in the first quarter worth $4,867,000. 65.47% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on CUDA shares. Rosenblatt Securities reissued a “buy” rating and issued a $30.00 target price on shares of Barracuda Networks in a research report on Monday, June 26th. Pacific Crest reissued an “overweight” rating and issued a $30.00 target price on shares of Barracuda Networks in a research report on Wednesday, June 28th. Northland Securities reiterated a “buy” rating and issued a $28.00 price target on shares of Barracuda Networks in a research report on Friday, June 30th. Robert W. Baird reiterated a “buy” rating on shares of Barracuda Networks in a research report on Tuesday, July 11th. Finally, Imperial Capital lifted their price target on Barracuda Networks from $20.00 to $21.00 and gave the company an “in-line” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Barracuda Networks has a consensus rating of “Buy” and a consensus price target of $28.10.

In other Barracuda Networks news, CFO Dustin Driggs sold 1,250 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.63, for a total value of $28,287.50. Following the completion of the sale, the chief financial officer now owns 105,471 shares in the company, valued at approximately $2,386,808.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael D. Perone sold 598,000 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $25.72, for a total value of $15,380,560.00. The disclosure for this sale can be found here. Insiders sold a total of 3,060,416 shares of company stock valued at $75,256,537 over the last 90 days. 13.90% of the stock is currently owned by company insiders.

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Shares of Barracuda Networks, Inc. (NYSE CUDA) traded down 0.80% during trading on Wednesday, hitting $22.38. The stock had a trading volume of 272,820 shares. Barracuda Networks, Inc. has a 1-year low of $19.06 and a 1-year high of $26.40. The stock’s 50-day moving average price is $24.18 and its 200 day moving average price is $22.89. The firm has a market capitalization of $1.19 billion, a P/E ratio of 131.65 and a beta of 3.27.

Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings data on Tuesday, October 10th. The communications equipment provider reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $94.30 million during the quarter, compared to analyst estimates of $93.32 million. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. Barracuda Networks’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. On average, analysts anticipate that Barracuda Networks, Inc. will

Other large investors have also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC increased its position in Barracuda Networks by 63.7% in the second quarter. AlphaMark Advisors LLC now owns 44,200 shares of the communications equipment provider’s stock worth $1,019,000 after buying an additional 17,200 shares during the last quarter. Gotham Asset Management LLC increased its position in Barracuda Networks by 2.5% in the first quarter. Gotham Asset Management LLC now owns 35,109 shares of the communications equipment provider’s stock worth $811,000 after buying an additional 871 shares during the last quarter. Atria Investments LLC purchased a new stake in Barracuda Networks in the second quarter worth $204,000. Clearbridge Investments LLC increased its position in Barracuda Networks by 0.8% in the first quarter. Clearbridge Investments LLC now owns 2,034,008 shares of the communications equipment provider’s stock worth $47,006,000 after buying an additional 16,324 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in Barracuda Networks in the first quarter worth $4,867,000. 65.47% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on CUDA shares. Rosenblatt Securities reissued a “buy” rating and issued a $30.00 target price on shares of Barracuda Networks in a research report on Monday, June 26th. Pacific Crest reissued an “overweight” rating and issued a $30.00 target price on shares of Barracuda Networks in a research report on Wednesday, June 28th. Northland Securities reiterated a “buy” rating and issued a $28.00 price target on shares of Barracuda Networks in a research report on Friday, June 30th. Robert W. Baird reiterated a “buy” rating on shares of Barracuda Networks in a research report on Tuesday, July 11th. Finally, Imperial Capital lifted their price target on Barracuda Networks from $20.00 to $21.00 and gave the company an “in-line” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Barracuda Networks has a consensus rating of “Buy” and a consensus price target of $28.10.

In other Barracuda Networks news, CFO Dustin Driggs sold 1,250 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.63, for a total value of $28,287.50. Following the completion of the sale, the chief financial officer now owns 105,471 shares in the company, valued at approximately $2,386,808.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael D. Perone sold 598,000 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $25.72, for a total value of $15,380,560.00. The disclosure for this sale can be found here. Insiders sold a total of 3,060,416 shares of company stock valued at $75,256,537 over the last 90 days. 13.90% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Crow Point Partners LLC Purchases 8,506 Shares of Barracuda Networks, Inc. (CUDA)” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/18/crow-point-partners-llc-purchases-8506-shares-of-barracuda-networks-inc-cuda.html.

Shares of Barracuda Networks, Inc. (NYSE CUDA) traded down 0.80% during trading on Wednesday, hitting $22.38. The stock had a trading volume of 272,820 shares. Barracuda Networks, Inc. has a 1-year low of $19.06 and a 1-year high of $26.40. The stock’s 50-day moving average price is $24.18 and its 200 day moving average price is $22.89. The firm has a market capitalization of $1.19 billion, a P/E ratio of 131.65 and a beta of 3.27.

Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings data on Tuesday, October 10th. The communications equipment provider reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $94.30 million during the quarter, compared to analyst estimates of $93.32 million. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. Barracuda Networks’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. On average, analysts anticipate that Barracuda Networks, Inc. will post $0.75 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for Barracuda Networks (NYSE:CUDA)

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