Gary Steele Sells 40,000 Shares of Proofpoint Inc (NASDAQ:PFPT) Stock

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.

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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.

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

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