Thursday, September 21, 2017 10:15 PM ET
Insider at Barracuda Networks (CUDA) Makes Significant Sale of Stock
A SEC filing today revealed a notable insider sale of Barracuda Networks shares as — Michael D Perone, Director — sold 253,629 shares in the company having a market value of approximately $6,170,537. 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 1,826,459 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,080,088 shares and have averaged 416,018 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Barracuda Networks is above the 155-company peer group average. IT Services & Consulting peer group saw 270 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 625,377 shares purchased and 17,767,541 shares sold with company insiders selling 63,489 shares on average.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data used to evaluate and write this story.
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