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.
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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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