Proofpoint Inc (NASDAQ:PFPT) SVP Sells $281,975.45 in Stock

Proofpoint Inc (NASDAQ:PFPT) SVP Robert Darren Lee sold 2,615 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $107.83, for a total transaction of $281,975.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

PFPT stock opened at $109.85 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.79 and a current ratio of 0.79. Proofpoint Inc has a 52 week low of $75.92 and a 52 week high of $131.43. The stock has a market capitalization of $6.08 billion, a P/E ratio of -95.52 and a beta of 1.75.

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



PFPT has been the topic of several research reports. Piper Jaffray Companies upped their price objective on shares of Proofpoint from $120.00 to $136.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Mizuho initiated coverage on shares of Proofpoint in a report on Tuesday, March 26th. They issued a “neutral” rating and a $120.00 price objective on the stock. Wedbush reiterated an “outperform” rating and issued a $138.00 price objective (up from $130.00) on shares of Proofpoint in a report on Friday, April 26th. KeyCorp upped their price objective on shares of Proofpoint from $120.00 to $136.00 and gave the company an “overweight” rating in a report on Monday, February 25th. Finally, Morgan Stanley set a $142.00 price objective on shares of Proofpoint and gave the company a “buy” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $131.30.

Hedge funds have recently added to or reduced their stakes in the stock. MML Investors Services LLC raised its stake in shares of Proofpoint by 0.9% during the 4th quarter. MML Investors Services LLC now owns 9,399 shares of the software maker’s stock worth $788,000 after purchasing an additional 88 shares during the period. Washington Capital Management Inc. bought a new stake in shares of Proofpoint during the 1st quarter worth $528,000. Thornburg Investment Management Inc. raised its stake in shares of Proofpoint by 90.4% during the 4th quarter. Thornburg Investment Management Inc. now owns 123,938 shares of the software maker’s stock worth $10,387,000 after purchasing an additional 58,838 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Proofpoint by 13.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 5,933 shares of the software maker’s stock worth $480,000 after purchasing an additional 686 shares during the period. Finally, Coronation Fund Managers Ltd. bought a new stake in shares of Proofpoint during the 1st quarter worth $4,679,000. Institutional investors and hedge funds own 95.50% of the company’s stock.

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

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