Proofpoint Inc (NASDAQ:PFPT) EVP David Knight Sells 2,500 Shares of Stock

Proofpoint Inc (NASDAQ:PFPT) EVP David Knight sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $126.05, for a total value of $315,125.00. Following the transaction, the executive vice president now directly owns 14,502 shares of the company’s stock, valued at $1,827,977.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

David Knight also recently made the following trade(s):

  • On Wednesday, January 8th, David Knight sold 2,500 shares of Proofpoint stock. The stock was sold at an average price of $123.96, for a total value of $309,900.00.

Shares of PFPT opened at $127.15 on Friday. The stock has a 50 day moving average price of $123.17 and a 200 day moving average price of $120.85. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.31. Proofpoint Inc has a 52-week low of $102.25 and a 52-week high of $133.58.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Thursday, January 30th. The software maker reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.61. The firm had revenue of $243.40 million during the quarter, compared to the consensus estimate of $239.11 million. Proofpoint had a negative return on equity of 8.93% and a negative net margin of 14.67%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 earnings per share. Research analysts anticipate that Proofpoint Inc will post -1.08 EPS for the current year.

PFPT has been the subject of a number of analyst reports. Citigroup boosted their price objective on Proofpoint from $143.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Cowen reissued a “buy” rating and set a $135.00 price objective on shares of Proofpoint in a research report on Tuesday, December 17th. Piper Jaffray Companies initiated coverage on Proofpoint in a research report on Friday, November 8th. They set an “overweight” rating and a $155.00 price objective for the company. Morgan Stanley lowered their price objective on Proofpoint from $137.00 to $136.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, Wedbush reissued an “outperform” rating and set a $140.00 price objective on shares of Proofpoint in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the stock. Proofpoint has a consensus rating of “Buy” and a consensus price target of $144.83.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Proofpoint by 9.8% in the second quarter. BlackRock Inc. now owns 2,685,991 shares of the software maker’s stock worth $322,991,000 after buying an additional 240,427 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Proofpoint during the third quarter valued at $32,000. Envestnet Asset Management Inc. raised its stake in Proofpoint by 136.5% during the third quarter. Envestnet Asset Management Inc. now owns 8,704 shares of the software maker’s stock valued at $1,123,000 after purchasing an additional 5,024 shares in the last quarter. Fulton Breakefield Broenniman LLC purchased a new stake in Proofpoint during the third quarter valued at $318,000. Finally, Strs Ohio raised its stake in Proofpoint by 2,163.1% during the third quarter. Strs Ohio now owns 42,116 shares of the software maker’s stock valued at $5,435,000 after purchasing an additional 40,255 shares in the last quarter. 98.13% of the stock is owned by hedge funds and other institutional investors.

About Proofpoint

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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