Imperial Capital Weighs in on Proofpoint Inc’s Q1 2018 Earnings (PFPT)

Proofpoint Inc (NASDAQ:PFPT) – Equities research analysts at Imperial Capital issued their Q1 2018 EPS estimates for Proofpoint in a research note issued on Thursday. Imperial Capital analyst M. Kim anticipates that the software maker will earn ($0.34) per share for the quarter. Imperial Capital has a “Outperform” rating and a $120.00 price objective on the stock.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08. Proofpoint had a negative return on equity of 131.99% and a negative net margin of 16.37%. The company had revenue of $145.40 million during the quarter, compared to analysts’ expectations of $139.61 million. During the same period in the prior year, the company earned $0.18 EPS. Proofpoint’s revenue was up 36.1% compared to the same quarter last year.

PFPT has been the subject of several other reports. Zacks Investment Research raised Proofpoint from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Wednesday, December 27th. Monness Crespi & Hardt raised their target price on Proofpoint from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. TheStreet raised Proofpoint from a “d” rating to a “c-” rating in a research report on Wednesday, February 7th. BidaskClub raised Proofpoint from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, Evercore ISI set a $105.00 target price on Proofpoint and gave the stock a “buy” rating in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $107.63.

Proofpoint (NASDAQ:PFPT) opened at $96.87 on Monday. The company has a market capitalization of $4,340.00, a price-to-earnings ratio of -50.45 and a beta of 1.39. 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 has a 12 month low of $70.30 and a 12 month high of $104.62.

Several institutional investors and hedge funds have recently modified their holdings of the company. Artisan Partners Limited Partnership grew its stake in shares of Proofpoint by 8.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,012,092 shares of the software maker’s stock valued at $262,715,000 after buying an additional 225,970 shares during the period. JPMorgan Chase & Co. boosted its stake in Proofpoint by 133.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 870,784 shares of the software maker’s stock valued at $76,551,000 after purchasing an additional 498,462 shares during the last quarter. State Street Corp boosted its stake in Proofpoint by 7.6% during the 2nd quarter. State Street Corp now owns 851,530 shares of the software maker’s stock valued at $73,938,000 after purchasing an additional 60,236 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in Proofpoint by 8.5% during the 3rd quarter. Wasatch Advisors Inc. now owns 790,258 shares of the software maker’s stock valued at $68,926,000 after purchasing an additional 61,732 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Proofpoint by 3.7% during the 4th quarter. Victory Capital Management Inc. now owns 654,152 shares of the software maker’s stock valued at $58,095,000 after purchasing an additional 23,390 shares during the last quarter.

In other news, EVP David Knight sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $85.47, for a total value of $256,410.00. Following the completion of the sale, the executive vice president now directly owns 15,305 shares in the company, valued at approximately $1,308,118.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Tracey Newell sold 8,183 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $89.96, for a total value of $736,142.68. Following the completion of the sale, the executive vice president now owns 24,429 shares of the company’s stock, valued at $2,197,632.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 157,549 shares of company stock valued at $14,186,056. Corporate insiders own 5.96% of the company’s stock.

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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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