Insider Sale at Barracuda Networks (CUDA) Continues Selling Trend

Wednesday, September 27, 2017 10:15 PM ET

Insider Sale at Barracuda Networks (CUDA) Continues Selling Trend

There was a significant insider sale of Barracuda Networks shares today, as revealed in a filing with the SEC as — Michael D Perone, Director — sold 194,949 shares in the company having a market value of approximately $4,699,062 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 2,080,088 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,275,037 shares and have averaged 455,007 shares per transaction over this time period.

Barracuda Networks insider trading represents a level of buy/sell trades that is above for the 155 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 252 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 593,693 shares purchased and 17,794,520 shares sold with company insiders disposing of 68,257 shares on average.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write this story.

Using proprietary Natural Language Generation (NLG) technology, 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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