Proofpoint Inc (NASDAQ:PFPT) EVP Tracey Newell sold 8,183 shares of Proofpoint stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $96.54, for a total transaction of $789,986.82. Following the completion of the transaction, the executive vice president now owns 23,376 shares of the company’s stock, valued at approximately $2,256,719.04. 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 Monday, December 18th, Tracey Newell sold 8,183 shares of Proofpoint stock. The shares were sold at an average price of $91.24, for a total transaction of $746,616.92.
- On Friday, November 17th, Tracey Newell sold 8,183 shares of Proofpoint stock. The shares were sold at an average price of $89.96, for a total transaction of $736,142.68.
Shares of Proofpoint Inc (NASDAQ PFPT) opened at $99.57 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 11.57. Proofpoint Inc has a fifty-two week low of $70.30 and a fifty-two week high of $101.05. The company has a market cap of $4,396.05, a price-to-earnings ratio of -45.05 and a beta of 1.32.
Proofpoint (NASDAQ:PFPT) last released its earnings results on Thursday, October 19th. The software maker reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. The firm had revenue of $134.30 million during the quarter, compared to analyst estimates of $131.48 million. During the same quarter in the previous year, the business earned $0.19 EPS. The business’s quarterly revenue was up 34.6% compared to the same quarter last year. equities analysts forecast that Proofpoint Inc will post -0.88 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Proofpoint by 9.7% during the 2nd quarter. BlackRock Inc. now owns 3,503,427 shares of the software maker’s stock worth $304,204,000 after acquiring an additional 309,998 shares during the period. Vanguard Group Inc. grew its holdings in Proofpoint by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,392,578 shares of the software maker’s stock worth $294,577,000 after acquiring an additional 77,721 shares during the period. Artisan Partners Limited Partnership grew its holdings in Proofpoint by 8.1% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,012,092 shares of the software maker’s stock worth $262,715,000 after acquiring an additional 225,970 shares during the period. FMR LLC grew its holdings in Proofpoint by 10.9% during the 2nd quarter. FMR LLC now owns 961,745 shares of the software maker’s stock worth $83,508,000 after acquiring an additional 94,545 shares during the period. Finally, Macquarie Group Ltd. grew its holdings in Proofpoint by 13.0% during the 2nd quarter. Macquarie Group Ltd. now owns 942,966 shares of the software maker’s stock worth $81,878,000 after acquiring an additional 108,772 shares during the period.
A number of research analysts have recently issued reports on the stock. Macquarie reiterated an “outperform” rating and issued a $103.00 target price on shares of Proofpoint in a research note on Tuesday, September 26th. Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Wednesday, December 27th. Wedbush reissued an “outperform” rating and issued a $108.00 price target on shares of Proofpoint in a report on Wednesday, January 3rd. Oppenheimer started coverage on shares of Proofpoint in a report on Wednesday, November 1st. They issued a “market perform” rating for the company. Finally, BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $102.48.
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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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