Proofpoint, Inc. (NASDAQ:PFPT) EVP Tracey Newell sold 8,183 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $89.96, for a total value of $736,142.68. Following the sale, the executive vice president now owns 24,429 shares in the company, valued at $2,197,632.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Tracey Newell also recently made the following trade(s):
- On Tuesday, October 17th, Tracey Newell sold 8,183 shares of Proofpoint stock. The shares were sold at an average price of $94.82, for a total value of $775,912.06.
- On Monday, September 18th, Tracey Newell sold 8,183 shares of Proofpoint stock. The shares were sold at an average price of $90.30, for a total value of $738,924.90.
Shares of Proofpoint, Inc. (NASDAQ PFPT) traded up $0.26 during trading hours on Wednesday, reaching $91.10. The company’s stock had a trading volume of 430,400 shares, compared to its average volume of 640,341. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 11.57. Proofpoint, Inc. has a 52-week low of $69.19 and a 52-week high of $97.92.
Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings data on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. The firm had revenue of $134.30 million during the quarter, compared to the consensus estimate of $131.48 million. Proofpoint had a negative return on equity of 158.19% and a negative net margin of 20.19%. The business’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. equities analysts forecast that Proofpoint, Inc. will post -0.88 EPS for the current fiscal year.
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Several analysts recently commented on PFPT shares. Stifel Nicolaus reiterated a “buy” rating and issued a $90.00 target price on shares of Proofpoint in a report on Tuesday, July 25th. Evercore ISI set a $105.00 target price on Proofpoint and gave the company a “buy” rating in a report on Friday, July 28th. Robert W. Baird reissued a “hold” rating on shares of Proofpoint in a research note on Friday, July 28th. Piper Jaffray Companies set a $100.00 price target on Proofpoint and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada boosted their price target on Proofpoint from $100.00 to $103.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Proofpoint has an average rating of “Buy” and an average price target of $101.70.
Hedge funds have recently bought and sold shares of the company. Federated Investors Inc. PA grew its stake in shares of Proofpoint by 63.8% during the 2nd quarter. Federated Investors Inc. PA now owns 85,435 shares of the software maker’s stock worth $7,419,000 after acquiring an additional 33,290 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Proofpoint by 20.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,786,122 shares of the software maker’s stock worth $241,919,000 after acquiring an additional 472,407 shares during the period. Brighton Jones LLC bought a new position in shares of Proofpoint during the 2nd quarter worth $285,000. ETF Managers Group LLC bought a new position in shares of Proofpoint during the 2nd quarter worth $43,157,000. Finally, California Public Employees Retirement System lifted its holdings in Proofpoint by 4.2% during the 2nd quarter. California Public Employees Retirement System now owns 87,100 shares of the software maker’s stock worth $7,563,000 after purchasing an additional 3,500 shares in the last quarter.
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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