Monday, September 18, 2017 10:15 PM ET
Barracuda Networks (CUDA) sees Significant Insider Selling Continuing
One Barracuda Networks insider Michael D Perone, Director, today, disposed of 322,898 shares having a market value of approximately $7,910,859, as indicated in a form 4 document filed with the SEC. 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 1,502,936 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,825,834 shares and have averaged 365,167 shares per transaction over this time period.
Insider buy/sell trading at Barracuda Networks is higher than the 155 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 264 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for Barracuda Networks insiders was also higher. Within the peer group there were 604,098 shares purchased and 17,233,955 shares sold with company insiders disposing of 62,992 shares on average.
The data obtained 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.
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