Proofpoint (NASDAQ:PFPT) is scheduled to announce its earnings results after the market closes on Tuesday, February 6th. Analysts expect the company to announce earnings of $0.21 per share for the quarter.
Shares of Proofpoint (NASDAQ:PFPT) opened at $101.55 on Friday. The firm has a market cap of $4,530.00, a PE ratio of -45.95 and a beta of 1.39. Proofpoint has a 12 month low of $70.30 and a 12 month high of $104.62. The company has a debt-to-equity ratio of 11.57, a quick ratio of 1.51 and a current ratio of 1.51.
In related news, EVP David Knight sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $88.99, for a total transaction of $266,970.00. Following the transaction, the executive vice president now owns 16,874 shares in the company, valued at $1,501,617.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tracey Newell sold 8,183 shares of the firm’s 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 transaction, the executive vice president now owns 23,376 shares in the company, valued at approximately $2,256,719.04. The disclosure for this sale can be found here. Insiders have sold 165,549 shares of company stock worth $14,900,426 in the last quarter. Company insiders own 5.96% of the company’s stock.
Several equities research analysts recently weighed in on PFPT shares. Evercore ISI reiterated a “buy” rating and set a $105.00 price objective on shares of Proofpoint in a research note on Wednesday, November 22nd. Piper Jaffray Companies set a $105.00 price objective on shares of Proofpoint and gave the stock a “buy” rating in a research note on Friday, October 20th. Deutsche Bank reiterated a “buy” rating and set a $114.00 price objective (up previously from $100.00) on shares of Proofpoint in a research note on Wednesday, October 18th. Stifel Nicolaus set a $100.00 price target on shares of Proofpoint and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Monness Crespi & Hardt started coverage on shares of Proofpoint in a research note on Monday, October 16th. They issued a “buy” rating and a $110.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Proofpoint presently has an average rating of “Buy” and a consensus target price of $104.58.
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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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