Proofpoint Inc (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of Proofpoint stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $93.91, for a total transaction of $469,550.00. Following the completion of the transaction, the chairman now directly owns 33,001 shares of the company’s stock, valued at $3,099,123.91. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Eric Hahn also recently made the following trade(s):
- On Wednesday, December 6th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $83.71, for a total transaction of $418,550.00.
- On Tuesday, November 14th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $89.48, for a total transaction of $447,400.00.
Proofpoint Inc (NASDAQ:PFPT) opened at $97.55 on Thursday. Proofpoint Inc has a one year low of $70.30 and a one year high of $101.05. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 11.57. The firm has a market cap of $4,292.93, a PE ratio of -44.14 and a beta of 1.32.
Proofpoint (NASDAQ:PFPT) last posted its earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 net margin of 20.19% and a negative return on equity of 158.19%. The company’s revenue 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 expect that Proofpoint Inc will post -0.88 earnings per share for the current fiscal year.
Several research firms recently commented on PFPT. Monness Crespi & Hardt started coverage on shares of Proofpoint in a research note on Monday, October 16th. They set a “buy” rating and a $110.00 price objective for the company. Oppenheimer began coverage on shares of Proofpoint in a report on Wednesday, November 1st. They issued a “market perform” rating on the stock. Macquarie reissued an “outperform” rating and set a $103.00 price target on shares of Proofpoint in a report on Tuesday, September 26th. Evercore ISI set a $105.00 target price on shares of Proofpoint and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Zacks Investment Research upgraded shares of Proofpoint from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company. Proofpoint has an average rating of “Buy” and a consensus target price of $102.48.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its holdings in Proofpoint by 57.9% in the 2nd quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock worth $102,000 after acquiring an additional 431 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Proofpoint in the 2nd quarter worth approximately $215,000. Bluestein R H & Co. purchased a new position in Proofpoint in the 2nd quarter worth approximately $217,000. Gotham Asset Management LLC purchased a new position in Proofpoint in the 2nd quarter worth approximately $222,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Proofpoint by 17.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,724 shares of the software maker’s stock worth $235,000 after acquiring an additional 409 shares during the period.
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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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