Significant Insider Selling Continues at Barracuda Networks (CUDA)

Wednesday, October 11, 2017 10:15 PM ET

Significant Insider Selling Continues at Barracuda Networks (CUDA)

A filing with the SEC today indicated a notable insider sale of Barracuda Networks shares as — Michael D Perone, Director — sold 598,000 shares in the company having a market value of approximately $15,379,680. 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 2,183,150 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,781,150 shares and have averaged 556,230 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 155-company peer group average. IT Services & Consulting peer group saw 266 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 1,837,530 shares purchased and 17,995,257 shares sold with company insiders having sold 60,743 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 sourced to compose 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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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