Proofpoint Inc (PFPT) Receives $102.41 Consensus Price Target from Analysts

Proofpoint Inc (NASDAQ:PFPT) has received a consensus rating of “Buy” from the twenty-nine ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and twenty-two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $102.50.

Several research firms have weighed in on PFPT. BTIG Research reiterated a “buy” rating and issued a $110.00 price objective on shares of Proofpoint in a research note on Monday, September 11th. Deutsche Bank upped their price objective on shares of Proofpoint from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, September 8th. Stifel Nicolaus set a $100.00 price objective on shares of Proofpoint and gave the company a “buy” rating in a research note on Monday, October 16th. KeyCorp reiterated a “hold” rating on shares of Proofpoint in a research note on Tuesday, September 19th. Finally, Piper Jaffray Companies set a $100.00 price objective on shares of Proofpoint and gave the company a “buy” rating in a research note on Sunday, October 15th.

Proofpoint (NASDAQ PFPT) traded up $0.93 during mid-day trading on Tuesday, hitting $95.66. 422,166 shares of the stock were exchanged, compared to its average volume of 421,725. Proofpoint has a twelve month low of $70.30 and a twelve 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. The firm has a market capitalization of $4,290.00, a price-to-earnings ratio of -43.29 and a beta of 1.32.

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 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 business had revenue of $134.30 million for the quarter, compared to analyst estimates of $131.48 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. The firm’s revenue was up 34.6% compared to the same quarter last year. equities research analysts predict that Proofpoint will post -0.88 EPS for the current fiscal year.

In related news, Chairman Eric Hahn sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $83.71, for a total transaction of $418,550.00. Following the completion of the sale, the chairman now directly owns 38,201 shares of the company’s stock, valued at approximately $3,197,805.71. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary Steele sold 40,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $92.06, for a total transaction of $3,682,400.00. Following the sale, the chief executive officer now directly owns 88,551 shares of the company’s stock, valued at $8,152,005.06. The disclosure for this sale can be found here. Insiders sold 160,549 shares of company stock valued at $14,416,802 over the last three months. Insiders own 5.96% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. boosted its holdings in shares of Proofpoint by 57.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock worth $102,000 after buying an additional 431 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Proofpoint during the 2nd quarter worth $215,000. Bluestein R H & Co. bought a new stake in shares of Proofpoint during the 2nd quarter worth $217,000. Gotham Asset Management LLC bought a new stake in shares of Proofpoint during the 2nd quarter worth $222,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Proofpoint by 17.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,724 shares of the software maker’s stock worth $235,000 after buying an additional 409 shares during the period.

TRADEMARK VIOLATION NOTICE: “Proofpoint Inc (PFPT) Receives $102.41 Consensus Price Target from Analysts” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://ledgergazette.com/2018/01/13/proofpoint-inc-pfpt-receives-102-41-consensus-price-target-from-analysts.html.

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.

Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

Receive News & Ratings for Proofpoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply