Proofpoint Inc (NASDAQ:PFPT) CEO Gary Steele sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $90.88, for a total value of $3,635,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Gary Steele also recently made the following trade(s):
- On Tuesday, December 5th, Gary Steele sold 40,000 shares of Proofpoint stock. The shares were sold at an average price of $86.28, for a total value of $3,451,200.00.
- On Friday, October 6th, Gary Steele sold 40,000 shares of Proofpoint stock. The shares were sold at an average price of $92.35, for a total value of $3,694,000.00.
- On Thursday, September 14th, Gary Steele sold 40,000 shares of Proofpoint stock. The shares were sold at an average price of $88.60, for a total value of $3,544,000.00.
- On Tuesday, August 22nd, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $89.54, for a total value of $3,581,600.00.
Proofpoint Inc (NASDAQ PFPT) traded up $2.06 during midday trading on Thursday, reaching $86.30. 463,122 shares of the company’s stock traded hands, compared to its average volume of 633,359. The company has a debt-to-equity ratio of 11.57, a current ratio of 1.51 and a quick ratio of 1.51. Proofpoint Inc has a one year low of $69.23 and a one year high of $97.92.
Proofpoint (NASDAQ:PFPT) last announced its earnings results on Thursday, October 19th. The software maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. The business had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $131.48 million. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. The business’s revenue was up 34.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 earnings per share. sell-side analysts anticipate that Proofpoint Inc will post -0.88 EPS for the current fiscal year.
Several brokerages recently commented on PFPT. Deutsche Bank lifted their price objective on Proofpoint from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, September 8th. BTIG Research reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Proofpoint in a report on Monday, September 11th. Stifel Nicolaus set a $100.00 price target on Proofpoint and gave the company a “buy” rating in a report on Monday, October 16th. Wedbush reaffirmed an “outperform” rating and issued a $106.00 price objective (down previously from $108.00) on shares of Proofpoint in a research note on Tuesday. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Proofpoint in a research note on Friday, September 8th. One equities 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. Proofpoint has an average rating of “Buy” and an average price target of $102.09.
Institutional investors and hedge funds have recently modified their holdings of the business. D.A. Davidson & CO. grew its position in Proofpoint by 57.9% during the second quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock worth $102,000 after buying an additional 431 shares during the period. Fortaleza Asset Management Inc. grew its position in Proofpoint by 22.4% during the second quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock worth $147,000 after buying an additional 310 shares during the period. Creative Planning grew its position in Proofpoint by 7.4% during the second quarter. Creative Planning now owns 2,232 shares of the software maker’s stock worth $194,000 after buying an additional 154 shares during the period. Legato Capital Management LLC acquired a new position in Proofpoint during the second quarter worth about $204,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Proofpoint in the second quarter valued at approximately $215,000.
TRADEMARK VIOLATION NOTICE: This article was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright and trademark law. The original version of this article can be accessed at https://www.dispatchtribunal.com/2017/12/07/gary-steele-sells-40000-shares-of-proofpoint-inc-pfpt-stock.html.
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.
Receive News & Ratings for Proofpoint Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint Inc and related companies with MarketBeat.com's FREE daily email newsletter.