Proofpoint, Inc. (NASDAQ:PFPT) CEO Gary Steele sold 40,000 shares of Proofpoint stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $87.11, for a total value of $3,484,400.00. Following the transaction, the chief executive officer now directly owns 88,551 shares in the company, valued at approximately $7,713,677.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Gary Steele also recently made the following trade(s):
- On Thursday, May 18th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $80.38, for a total value of $3,215,200.00.
Proofpoint, Inc. (PFPT) traded up 1.92% during mid-day trading on Friday, reaching $86.84. The company’s stock had a trading volume of 367,885 shares. Proofpoint, Inc. has a 52 week low of $68.04 and a 52 week high of $94.33. The firm’s market capitalization is $3.86 billion. The firm’s 50 day moving average price is $87.59 and its 200 day moving average price is $82.44.
Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, July 27th. The software maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. Proofpoint had a negative return on equity of 140.24% and a negative net margin of 20.96%. The company had revenue of $122.30 million for the quarter, compared to analysts’ expectations of $119.58 million. During the same period last year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 36.0% on a year-over-year basis. On average, analysts anticipate that Proofpoint, Inc. will post $0.65 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of PFPT. D.A. Davidson & CO. boosted its position in shares of Proofpoint by 57.9% in the second quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock valued at $102,000 after buying an additional 431 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Proofpoint by 242.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,578 shares of the software maker’s stock valued at $113,000 after buying an additional 1,117 shares during the period. Fortaleza Asset Management Inc. boosted its position in shares of Proofpoint by 22.4% in the second quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock valued at $147,000 after buying an additional 310 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Proofpoint by 400.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,500 shares of the software maker’s stock valued at $185,000 after buying an additional 2,000 shares during the period. Finally, Creative Planning boosted its position in shares of Proofpoint by 7.4% in the second quarter. Creative Planning now owns 2,232 shares of the software maker’s stock valued at $194,000 after buying an additional 154 shares during the period.
Several research analysts have commented on the company. BidaskClub lowered Proofpoint from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Imperial Capital reissued an “outperform” rating and issued a $102.00 target price (up previously from $100.00) on shares of Proofpoint in a report on Wednesday, August 2nd. Northland Securities set a $100.00 target price on Proofpoint and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Proofpoint from a “buy” rating to a “hold” rating in a report on Friday. Finally, Piper Jaffray Companies set a $100.00 target price on Proofpoint and gave the company a “buy” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $92.78.
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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