Insider Transaction Update on Shares of Barracuda Networks, Inc. (NYSE:CUDA)

According to the most recent SEC filings, corporate insiders at Barracuda Networks, Inc. (NYSE:CUDA) have decreased their position in the stock by -38.59% over the past 6 months.  Insiders now own 10.70% of total outstanding shares.

TECHNICAL INDICATORS

Barracuda Networks, Inc. (NYSE:CUDA) stands -7.97% away from its 50-day simple moving average and also -5.40% away from the 200-day average.  Recently, the equity stands -16.86% away from the 52-week high and 14.11% from the 52-week low.  The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 34.66.

RECOMMENDATIONS

The consensus analysts recommendation at this point stands at 1.90 for Barracuda Networks, Inc..  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. Further, analysts have a 12 month target price of $28.71 on company shares.  This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm. 

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