Stock Traders Buy Large Volume of Call Options on Proofpoint (PFPT)

Proofpoint Inc (NASDAQ:PFPT) was the target of some unusual options trading activity on Monday. Stock investors acquired 4,227 call options on the company. This is an increase of approximately 2,302% compared to the typical volume of 176 call options.

In other Proofpoint news, EVP Bhagwat Swaroop sold 900 shares of Proofpoint stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $98.86, for a total transaction of $88,974.00. Following the completion of the sale, the executive vice president now owns 4,077 shares of the company’s stock, valued at approximately $403,052.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary Steele sold 40,000 shares of Proofpoint stock in a transaction on 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 sale, the chief executive officer now directly owns 88,551 shares of the company’s stock, valued at approximately $7,640,180.28. The disclosure for this sale can be found here. In the last three months, insiders sold 150,266 shares of company stock valued at $13,999,688. 5.96% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its position in Proofpoint by 17.0% in the 4th quarter. Sterling Capital Management LLC now owns 47,540 shares of the software maker’s stock valued at $4,222,000 after acquiring an additional 6,904 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in Proofpoint in the 4th quarter valued at $1,757,000. Castleark Management LLC bought a new stake in Proofpoint in the 4th quarter valued at $7,439,000. Macquarie Group Ltd. lifted its position in Proofpoint by 3.9% in the 4th quarter. Macquarie Group Ltd. now owns 952,921 shares of the software maker’s stock valued at $84,629,000 after acquiring an additional 35,818 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in Proofpoint by 25.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 1,348,936 shares of the software maker’s stock valued at $119,799,000 after acquiring an additional 271,581 shares in the last quarter.

PFPT has been the subject of a number of analyst reports. UBS Group initiated coverage on shares of Proofpoint in a report on Tuesday, October 31st. They set a “market perform” rating for the company. Oppenheimer initiated coverage on shares of Proofpoint in a report on Wednesday, November 1st. They set a “market perform” rating for the company. Robert W. Baird reaffirmed a “hold” rating and set a $100.00 target price on shares of Proofpoint in a report on Tuesday, November 7th. Evercore ISI reaffirmed a “buy” rating and set a $105.00 target price on shares of Proofpoint in a report on Wednesday, November 22nd. Finally, KeyCorp reaffirmed a “neutral” rating on shares of Proofpoint in a report on Friday, November 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $107.63.

Proofpoint (PFPT) opened at $105.25 on Tuesday. Proofpoint has a 52-week low of $70.30 and a 52-week high of $105.80. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 11.57.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, beating the consensus estimate of $0.21 by $0.08. The business had revenue of $145.40 million for the quarter, compared to analysts’ expectations of $139.61 million. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 131.99%. The firm’s revenue was up 36.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. analysts expect that Proofpoint will post -0.91 earnings per share for the current year.

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About Proofpoint

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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