Insider Selling at Barracuda Networks (CUDA) Continues with Significant Sale

Friday, September 08, 2017 10:15 PM ET

Insider Selling at Barracuda Networks (CUDA) Continues with Significant Sale

There was a substantial insider sale of Barracuda Networks shares today, as revealed in a filing with the SEC as — Michael D Perone, Director — disposed of 201,303 shares in the company having a market value of approximately $4,882,995 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 disposition of 1,048,505 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,249,808 shares and have averaged 249,962 shares per transaction over this time period.

Insider buy/sell trading at Barracuda Networks is higher than the 154 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 254 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 562,190 shares purchased and 7,526,611 shares sold with company insiders having sold 27,419 shares on average.

Insider buying and selling activity that is significant has been determined by eliminating 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 in composing and writing this story.

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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