Proofpoint Inc (NASDAQ:PFPT) CEO Gary Steele sold 40,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $90.88, for a total transaction of $3,635,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Gary Steele also recently made the following trade(s):
- On Tuesday, December 5th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $86.28, for a total transaction of $3,451,200.00.
- On Friday, October 6th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $92.35, for a total transaction of $3,694,000.00.
- On Thursday, September 14th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $88.60, for a total transaction of $3,544,000.00.
- On Tuesday, August 22nd, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $89.54, for a total transaction of $3,581,600.00.
Proofpoint Inc (NASDAQ PFPT) traded up $0.17 during trading hours on Wednesday, hitting $84.24. 534,616 shares of the stock traded hands, compared to its average volume of 634,119. Proofpoint Inc has a 12-month low of $69.23 and a 12-month high of $97.92. The company has a debt-to-equity ratio of 11.57, a current ratio of 1.51 and a quick ratio of 1.51.
Proofpoint (NASDAQ:PFPT) last posted its earnings results on Thursday, October 19th. The software maker reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.07. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. The firm had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $131.48 million. During the same period last year, the company posted $0.19 EPS. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. research analysts forecast that Proofpoint Inc will post -0.88 earnings per share for the current year.
A number of equities research analysts have issued reports on PFPT shares. Monness Crespi & Hardt began coverage on shares of Proofpoint in a research report on Monday, October 16th. They issued a “buy” rating and a $110.00 price objective for the company. Oppenheimer began coverage on shares of Proofpoint in a research report on Wednesday, November 1st. They set a “market perform” rating for the company. Needham & Company LLC reissued a “buy” rating and set a $115.00 target price on shares of Proofpoint in a research report on Monday, September 11th. Macquarie reissued an “outperform” rating and set a $103.00 target price on shares of Proofpoint in a research report on Tuesday, September 26th. Finally, BidaskClub upgraded shares of Proofpoint from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the stock. Proofpoint has a consensus rating of “Buy” and an average target price of $102.09.
A number of hedge funds and other institutional investors have recently modified their holdings of PFPT. Legal & General Group Plc lifted its position in Proofpoint by 3.1% during the 1st quarter. Legal & General Group Plc now owns 14,253 shares of the software maker’s stock valued at $1,060,000 after acquiring an additional 435 shares during the period. Renaissance Technologies LLC lifted its position in Proofpoint by 291.2% during the 1st quarter. Renaissance Technologies LLC now owns 39,900 shares of the software maker’s stock valued at $2,967,000 after acquiring an additional 29,700 shares during the period. AQR Capital Management LLC raised its holdings in Proofpoint by 21.3% in the first quarter. AQR Capital Management LLC now owns 14,465 shares of the software maker’s stock worth $1,076,000 after buying an additional 2,542 shares during the last quarter. HighTower Advisors LLC purchased a new position in Proofpoint in the first quarter worth about $225,000. Finally, Bank of Montreal Can raised its holdings in Proofpoint by 910.1% in the second quarter. Bank of Montreal Can now owns 13,657 shares of the software maker’s stock worth $1,186,000 after buying an additional 12,305 shares during the last quarter.
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Proofpoint Company Profile
Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.
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