Proofpoint Inc (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $89.48, for a total value of $447,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Eric Hahn also recently made the following trade(s):
- On Wednesday, October 4th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $89.21, for a total value of $446,050.00.
- On Tuesday, September 12th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $90.53, for a total value of $452,650.00.
- On Friday, August 25th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $91.09, for a total value of $455,450.00.
Proofpoint Inc (PFPT) traded down $3.33 during midday trading on Monday, hitting $87.21. The company had a trading volume of 607,344 shares, compared to its average volume of 633,440. Proofpoint Inc has a fifty-two week low of $69.23 and a fifty-two week high of $97.92. 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 (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.07. Proofpoint had a negative return on equity of 158.19% and a negative net margin of 20.19%. The firm had revenue of $134.30 million for the quarter, compared to analyst estimates of $131.48 million. During the same period in the previous year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. analysts expect that Proofpoint Inc will post -0.88 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of PFPT. Legal & General Group Plc increased its stake in Proofpoint by 3.1% during the first quarter. Legal & General Group Plc now owns 14,253 shares of the software maker’s stock valued at $1,060,000 after acquiring an additional 435 shares during the period. Renaissance Technologies LLC increased its stake in Proofpoint by 291.2% during the first quarter. Renaissance Technologies LLC now owns 39,900 shares of the software maker’s stock valued at $2,967,000 after acquiring an additional 29,700 shares during the period. State Street Corp increased its stake in Proofpoint by 3.3% during the first quarter. State Street Corp now owns 791,294 shares of the software maker’s stock valued at $58,840,000 after acquiring an additional 25,368 shares during the period. AQR Capital Management LLC increased its stake in Proofpoint by 21.3% during the first quarter. AQR Capital Management LLC now owns 14,465 shares of the software maker’s stock valued at $1,076,000 after acquiring an additional 2,542 shares during the period. Finally, HighTower Advisors LLC bought a new position in Proofpoint during the first quarter valued at about $225,000.
A number of brokerages have weighed in on PFPT. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $103.00 price target on shares of Proofpoint in a research report on Thursday, August 31st. BidaskClub raised Proofpoint from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Cowen began coverage on Proofpoint in a research report on Thursday, August 17th. They issued an “outperform” rating and a $105.00 price target for the company. KeyCorp reaffirmed a “neutral” rating on shares of Proofpoint in a research report on Friday, November 24th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $103.00 price target on shares of Proofpoint in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the stock. Proofpoint has a consensus rating of “Buy” and an average target price of $102.00.
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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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