Gary Steele Sells 40,000 Shares of Proofpoint Inc (PFPT) Stock

Proofpoint Inc (NASDAQ:PFPT) CEO Gary Steele sold 40,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $86.28, for a total transaction of $3,451,200.00. Following the completion of the sale, the chief executive officer now owns 88,551 shares in the company, valued at approximately $7,640,180.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Gary Steele also recently made the following trade(s):

  • On Thursday, November 16th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $90.88, for a total transaction of $3,635,200.00.
  • 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.

Proofpoint Inc (NASDAQ PFPT) traded down $0.35 during trading on Friday, hitting $85.95. 462,224 shares of the stock were exchanged, compared to its average volume of 632,672. Proofpoint Inc has a 1 year low of $69.23 and a 1 year high of $97.92. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 11.57.

Proofpoint (NASDAQ:PFPT) last released its earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share for the quarter, beating the Zacks’ 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 the consensus estimate of $131.48 million. During the same period in the prior year, the firm earned $0.19 EPS. The company’s revenue was up 34.6% compared to the same quarter last year. equities analysts expect that Proofpoint Inc will post -0.88 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its position in shares of Proofpoint by 13.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,870 shares of the software maker’s stock valued at $1,995,000 after acquiring an additional 2,728 shares during the period. GSA Capital Partners LLP bought a new position in shares of Proofpoint during the 3rd quarter valued at approximately $317,000. Sterling Capital Management LLC grew its position in shares of Proofpoint by 21.3% during the 3rd quarter. Sterling Capital Management LLC now owns 40,636 shares of the software maker’s stock valued at $3,544,000 after acquiring an additional 7,139 shares during the period. Neuberger Berman Group LLC grew its position in shares of Proofpoint by 1.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 297,459 shares of the software maker’s stock valued at $25,944,000 after acquiring an additional 3,051 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Proofpoint by 2.5% during the 3rd quarter. California Public Employees Retirement System now owns 89,319 shares of the software maker’s stock valued at $7,790,000 after acquiring an additional 2,219 shares during the period.

A number of equities research analysts recently weighed in on the stock. Evercore ISI set a $105.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a report on Friday, October 20th. Piper Jaffray Companies set a $105.00 price objective on shares of Proofpoint and gave the stock a “buy” rating in a research report on Friday, October 20th. Imperial Capital upped their price objective on shares of Proofpoint from $102.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, October 20th. Robert W. Baird reaffirmed a “hold” rating and issued a $100.00 price objective (up from $95.00) on shares of Proofpoint in a research report on Friday, October 20th. Finally, Stifel Nicolaus set a $100.00 price objective on shares of Proofpoint and gave the stock a “buy” rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the company. Proofpoint presently has a consensus rating of “Buy” and a consensus price target of $102.09.

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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.

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

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