Proofpoint Inc (NASDAQ:PFPT) saw some unusual options trading activity on Monday. Traders bought 4,227 call options on the company. This represents an increase of 2,302% compared to the average volume of 176 call options.
A number of brokerages have recently issued reports on PFPT. Imperial Capital boosted their price target on shares of Proofpoint from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. TheStreet upgraded shares of Proofpoint from a “d” rating to a “c-” rating in a research note on Wednesday, February 7th. Monness Crespi & Hardt boosted their price target on shares of Proofpoint from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Dougherty & Co boosted their price target on shares of Proofpoint from $108.00 to $118.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley boosted their price target on shares of Proofpoint from $116.00 to $124.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $107.63.
In other news, CEO Gary Steele sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $102.40, for a total transaction of $4,096,000.00. Following the transaction, the chief executive officer now directly owns 94,203 shares in the company, valued at $9,646,387.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Knight sold 3,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $85.47, for a total transaction of $256,410.00. Following the transaction, the executive vice president now owns 15,305 shares in the company, valued at $1,308,118.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 150,266 shares of company stock worth $13,999,688. 5.96% of the stock is currently owned by company insiders.
Shares of Proofpoint (PFPT) opened at $105.91 on Wednesday. Proofpoint has a fifty-two week low of $70.30 and a fifty-two week high of $107.76. The stock has a market cap of $4,720.00, a PE ratio of -55.16 and a beta of 1.39. The company has a debt-to-equity ratio of 11.57, a current ratio of 1.51 and a quick ratio of 1.51.
Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.08. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 131.99%. The company had revenue of $145.40 million for the quarter, compared to the consensus estimate of $139.61 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 36.1% compared to the same quarter last year. equities research analysts expect that Proofpoint will post -0.91 EPS for the current fiscal year.
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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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