Wednesday, September 06, 2017 10:15 PM ET
Barracuda Networks (CUDA) Insider Makes Significant Share Sale
A SEC filing today indicated a substantial insider sale of Barracuda Networks shares as — Michael D Perone, Director — sold 269,352 shares in the company having a market value of approximately $6,510,720. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 779,153 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,048,505 shares and have averaged 209,701 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Barracuda Networks is higher than the 153-company peer group average. IT Services & Consulting peer group saw 244 buy/sell trades during this period for an average of 1.6 transactions per company. The number of shares per buy/sell trade for Barracuda Networks insiders was also higher. Within the peer group there were 561,803 shares purchased and 7,216,915 shares sold with company insiders disposing of 27,275 shares on average.
The data sourced in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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