Proofpoint (NASDAQ:PFPT)‘s stock had its “outperform” rating reaffirmed by research analysts at William Blair in a report released on Wednesday.
Other equities research analysts have also recently issued reports about the stock. Dougherty & Co raised their price target on shares of Proofpoint from $108.00 to $118.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Stifel Nicolaus raised their price target on shares of Proofpoint from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. TheStreet upgraded shares of Proofpoint from a “d” rating to a “c-” rating in a report on Wednesday, February 7th. Monness Crespi & Hardt restated a “buy” rating and issued a $120.00 price target (up from $115.00) on shares of Proofpoint in a report on Friday, March 2nd. Finally, Wedbush restated an “outperform” rating and issued a $106.00 price target (down from $108.00) on shares of Proofpoint in a report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $109.67.
Shares of Proofpoint (PFPT) opened at $118.58 on Wednesday. Proofpoint has a 12-month low of $70.30 and a 12-month high of $123.87. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.07. The firm has a market cap of $6,016.02, a price-to-earnings ratio of -62.08 and a beta of 1.31.
Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.08. The company had revenue of $145.40 million during 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 54.09%. Proofpoint’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 earnings per share. research analysts anticipate that Proofpoint will post -0.94 EPS for the current year.
In related news, CEO Gary Steele sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $92.06, for a total transaction of $3,682,400.00. Following the transaction, the chief executive officer now directly owns 88,551 shares of the company’s stock, valued at $8,152,005.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert Darren Lee sold 18,139 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $97.73, for a total transaction of $1,772,724.47. The disclosure for this sale can be found here. Insiders sold 139,303 shares of company stock worth $13,511,751 over the last ninety days. Insiders own 5.96% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership lifted its position in shares of Proofpoint by 8.1% during the third quarter. Artisan Partners Limited Partnership now owns 3,012,092 shares of the software maker’s stock valued at $262,715,000 after purchasing an additional 225,970 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Proofpoint by 25.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 1,348,936 shares of the software maker’s stock valued at $119,799,000 after purchasing an additional 271,581 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Proofpoint by 3.9% during the fourth quarter. Macquarie Group Ltd. now owns 952,921 shares of the software maker’s stock valued at $84,629,000 after purchasing an additional 35,818 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Proofpoint by 133.9% during the third quarter. JPMorgan Chase & Co. now owns 870,784 shares of the software maker’s stock valued at $76,551,000 after purchasing an additional 498,462 shares in the last quarter. Finally, Wasatch Advisors Inc. lifted its position in shares of Proofpoint by 8.5% during the third quarter. Wasatch Advisors Inc. now owns 790,258 shares of the software maker’s stock valued at $68,926,000 after purchasing an additional 61,732 shares in the last quarter.
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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