David Knight Sells 3,000 Shares of Proofpoint Inc (PFPT) Stock

Proofpoint Inc (NASDAQ:PFPT) EVP David Knight sold 3,000 shares of Proofpoint stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $85.47, for a total value of $256,410.00. Following the completion of the sale, the executive vice president now directly owns 15,305 shares of the company’s stock, valued at approximately $1,308,118.35. The transaction was disclosed in a document filed with the SEC, which is available at this link.

David Knight also recently made the following trade(s):

  • On Monday, November 13th, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $88.99, for a total value of $266,970.00.
  • On Tuesday, October 3rd, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $88.99, for a total value of $266,970.00.
  • On Tuesday, September 19th, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $91.19, for a total value of $273,570.00.

Shares of Proofpoint Inc (NASDAQ PFPT) opened at $87.07 on Wednesday. Proofpoint Inc has a fifty-two week low of $69.23 and a fifty-two week 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 quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.07. Proofpoint had a negative return on equity of 158.19% and a negative net margin of 20.19%. The business had revenue of $134.30 million during the quarter, compared to analyst estimates of $131.48 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. Proofpoint’s revenue for the quarter was up 34.6% on a year-over-year basis. equities analysts predict that Proofpoint Inc will post -0.88 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in PFPT. D.A. Davidson & CO. lifted its position in shares of Proofpoint by 57.9% in the second quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock valued at $102,000 after acquiring an additional 431 shares in the last quarter. Fortaleza Asset Management Inc. lifted its position in shares of Proofpoint by 22.4% in the second quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock valued at $147,000 after acquiring an additional 310 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Proofpoint in the second quarter valued at about $215,000. Bluestein R H & Co. purchased a new position in shares of Proofpoint in the second quarter valued at about $217,000. Finally, Gotham Asset Management LLC purchased a new position in shares of Proofpoint in the second quarter valued at about $222,000.

PFPT has been the subject of several research analyst reports. Northland Securities reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Proofpoint in a report on Thursday, September 7th. Evercore ISI set a $105.00 price objective on Proofpoint and gave the stock a “buy” rating in a report on Friday, October 20th. UBS initiated coverage on Proofpoint in a report on Tuesday, October 31st. They issued a “market perform” rating for the company. Piper Jaffray Companies set a $105.00 price objective on Proofpoint and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Proofpoint in a report on Friday, September 8th. One equities research 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. The company currently has an average rating of “Buy” and a consensus target price 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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