Proofpoint Inc (NASDAQ:PFPT) CEO Gary Steele sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $102.40, for a total value of $4,096,000.00. Following the completion of the transaction, the chief executive officer now directly owns 94,203 shares of the company’s stock, valued at $9,646,387.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Gary Steele also recently made the following trade(s):
- On Wednesday, January 3rd, Gary Steele sold 40,000 shares of Proofpoint stock. The shares were sold at an average price of $92.06, for a total value of $3,682,400.00.
- On Tuesday, December 5th, Gary Steele sold 40,000 shares of Proofpoint stock. The shares were sold at an average price of $86.28, for a total value of $3,451,200.00.
Proofpoint Inc (PFPT) traded up $1.11 during trading on Friday, hitting $105.25. The stock had a trading volume of 614,027 shares, compared to its average volume of 604,595. Proofpoint Inc has a twelve month low of $70.30 and a twelve month high of $105.80. 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 stock has a market capitalization of $5,240.85, a PE ratio of -55.10 and a beta of 1.39.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.08. Proofpoint had a negative return on equity of 131.99% and a negative net margin of 16.37%. The business had revenue of $145.40 million during the quarter, compared to analysts’ expectations of $139.61 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The company’s quarterly revenue was up 36.1% compared to the same quarter last year. sell-side analysts expect that Proofpoint Inc will post -0.91 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Exane Derivatives raised its stake in shares of Proofpoint by 901.8% during the fourth quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock worth $152,000 after purchasing an additional 1,542 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Proofpoint during the second quarter worth approximately $215,000. Gotham Asset Management LLC purchased a new stake in shares of Proofpoint during the second quarter worth approximately $222,000. Sigma Planning Corp purchased a new stake in shares of Proofpoint during the fourth quarter worth approximately $238,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Proofpoint during the second quarter worth approximately $253,000.
A number of brokerages recently issued reports on PFPT. Zacks Investment Research raised Proofpoint from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Wednesday, December 27th. Monness Crespi & Hardt upped their price target on Proofpoint from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. TheStreet raised Proofpoint from a “d” rating to a “c-” rating in a report on Wednesday, February 7th. BidaskClub raised Proofpoint from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Finally, Evercore ISI set a $105.00 price target on Proofpoint and gave the company a “buy” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $107.63.
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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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