Proofpoint (NASDAQ:PFPT) had its price target upped by Citigroup from $118.00 to $140.00 in a research note released on Monday morning. Citigroup currently has a buy rating on the software maker’s stock.
Other equities research analysts also recently issued reports about the company. Stifel Nicolaus raised their price target on Proofpoint from $100.00 to $115.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Monness Crespi & Hardt raised their price target on Proofpoint from $110.00 to $115.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Deutsche Bank reaffirmed a buy rating and set a $114.00 price target on shares of Proofpoint in a research note on Tuesday, January 30th. 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 research note on Wednesday, December 27th. Finally, BidaskClub raised Proofpoint from a hold rating to a buy rating in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $115.75.
PFPT opened at $125.63 on Monday. Proofpoint has a fifty-two week low of $70.30 and a fifty-two week high of $127.35. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.06. The stock has a market cap of $6,349.63, a PE ratio of -95.90 and a beta of 1.19.
Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.08. Proofpoint had a negative return on equity of 54.09% and a negative net margin of 16.37%. The company had revenue of $145.40 million during the quarter, compared to the consensus estimate of $139.61 million. During the same period last year, the business earned $0.18 EPS. The business’s quarterly revenue was up 36.1% on a year-over-year basis. research analysts forecast that Proofpoint will post -1.01 EPS for the current fiscal year.
In other Proofpoint news, EVP Bhagwat Swaroop sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $125.61, for a total value of $125,610.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Eric Hahn sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $113.64, for a total value of $568,200.00. Following the completion of the sale, the chairman now directly owns 18,401 shares in the company, valued at approximately $2,091,089.64. The disclosure for this sale can be found here. Insiders sold a total of 86,303 shares of company stock worth $9,007,666 in the last ninety days. Insiders own 5.96% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Exane Derivatives grew its holdings in Proofpoint by 901.8% in the 4th quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock valued at $152,000 after buying an additional 1,542 shares during the last quarter. Sigma Planning Corp acquired a new stake in Proofpoint in the 4th quarter valued at approximately $238,000. GSA Capital Partners LLP acquired a new stake in Proofpoint in the 3rd quarter valued at approximately $317,000. Balter Liquid Alternatives LLC acquired a new stake in Proofpoint in the 4th quarter valued at approximately $407,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in Proofpoint in the 4th quarter valued at approximately $429,000.
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Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ?drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.
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