Bhagwat Swaroop Sells 5,000 Shares of Proofpoint Inc (NASDAQ:PFPT) Stock

Proofpoint Inc (NASDAQ:PFPT) EVP Bhagwat Swaroop sold 5,000 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $123.21, for a total transaction of $616,050.00. Following the sale, the executive vice president now owns 1,540 shares in the company, valued at approximately $189,743.40. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Proofpoint stock opened at $124.39 on Thursday. The company has a market cap of $6.93 billion, a PE ratio of -108.17 and a beta of 1.68. The stock has a 50-day moving average price of $114.70. Proofpoint Inc has a 1 year low of $75.92 and a 1 year high of $131.43. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.07.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Thursday, April 25th. The software maker reported ($0.33) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.33). The company had revenue of $202.90 million for the quarter, compared to analysts’ expectations of $199.32 million. Proofpoint had a negative net margin of 15.82% and a negative return on equity of 13.93%. Proofpoint’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. Research analysts anticipate that Proofpoint Inc will post -0.82 earnings per share for the current fiscal year.

A number of brokerages have recently commented on PFPT. KeyCorp boosted their target price on shares of T-Mobile Us from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Dougherty & Co reiterated a “buy” rating and issued a $140.00 price target (up previously from $115.00) on shares of Proofpoint in a research note on Friday, April 26th. Bank of America set a $144.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a research note on Friday, April 12th. Deutsche Bank dropped their price target on shares of Xilinx from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Finally, Wells Fargo & Co set a $95.00 price target on shares of Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Proofpoint has a consensus rating of “Buy” and a consensus price target of $131.60.

A number of institutional investors and hedge funds have recently bought and sold shares of PFPT. Norges Bank bought a new position in Proofpoint during the 4th quarter valued at about $39,840,000. Bank of New York Mellon Corp lifted its stake in Proofpoint by 67.2% during the 4th quarter. Bank of New York Mellon Corp now owns 925,102 shares of the software maker’s stock valued at $77,534,000 after acquiring an additional 371,864 shares during the period. Pictet Asset Management Ltd. lifted its stake in Proofpoint by 47.0% during the 1st quarter. Pictet Asset Management Ltd. now owns 792,500 shares of the software maker’s stock valued at $96,233,000 after acquiring an additional 253,500 shares during the period. Scout Investments Inc. bought a new position in Proofpoint during the 1st quarter valued at about $23,398,000. Finally, Wells Fargo & Company MN lifted its stake in Proofpoint by 14.9% during the 1st quarter. Wells Fargo & Company MN now owns 1,430,731 shares of the software maker’s stock valued at $173,733,000 after acquiring an additional 185,889 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Proofpoint Company Profile

Proofpoint, Inc operates as a security-as-a-service 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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