Proofpoint, Inc. (NASDAQ:PFPT) CEO Gary Steele Sells 40,000 Shares

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.

TRADEMARK VIOLATION WARNING: This story was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://www.com-unik.info/2017/08/11/gary-steele-sells-40000-shares-of-proofpoint-inc-nasdaqpfpt-stock-updated-updated-updated.html.

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.

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

What are top analysts saying about Proofpoint Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Proofpoint Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit