Equities Analysts Issue Forecasts for Proofpoint Inc’s FY2019 Earnings (PFPT)

Proofpoint Inc (NASDAQ:PFPT) – Equities researchers at Wedbush issued their FY2019 earnings per share (EPS) estimates for shares of Proofpoint in a report released on Wednesday. Wedbush analyst S. Koenig anticipates that the software maker will post earnings per share of ($0.59) for the year. Wedbush has a “Outperform” rating and a $114.00 price target on the stock.

PFPT has been the subject of several other reports. 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. Monness Crespi & Hardt lifted their price target on shares of Proofpoint from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. TheStreet raised shares of Proofpoint from a “d” rating to a “c-” rating in a report on Wednesday. Piper Jaffray Companies set a $100.00 price target on shares of Proofpoint and gave the company a “buy” rating in a report on Sunday, October 15th. Finally, BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $107.63.

Proofpoint (NASDAQ:PFPT) opened at $97.05 on Friday. Proofpoint has a 1-year low of $70.30 and a 1-year high of $104.62. The stock has a market cap of $4,550.00, a PE ratio of -50.55 and a beta of 1.39. 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 (NASDAQ:PFPT) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.08. The company had revenue of $145.40 million during the quarter, compared to the consensus estimate of $139.61 million. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 131.99%. The firm’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same period last year, the firm earned $0.18 EPS.

In other news, EVP David Knight sold 3,000 shares of Proofpoint 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 completion of the sale, the executive vice president now owns 16,874 shares in the company, valued at approximately $1,501,617.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Eric Hahn sold 5,000 shares of Proofpoint stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $89.48, for a total transaction of $447,400.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 165,549 shares of company stock valued at $14,900,426. 5.96% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of PFPT. D.A. Davidson & CO. grew its holdings in Proofpoint by 57.9% during the second quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock valued at $102,000 after purchasing an additional 431 shares during the period. Exane Derivatives grew its holdings in Proofpoint by 901.8% during the fourth quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock valued at $152,000 after purchasing an additional 1,542 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Proofpoint during the second quarter valued at approximately $215,000. Gotham Asset Management LLC acquired a new position in Proofpoint during the second quarter valued at approximately $222,000. Finally, Sigma Planning Corp acquired a new position in Proofpoint during the fourth quarter valued at approximately $238,000.

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About Proofpoint

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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