Proofpoint Inc (PFPT) SVP Robert Darren Lee Sells 5,711 Shares

Proofpoint Inc (NASDAQ:PFPT) SVP Robert Darren Lee sold 5,711 shares of Proofpoint stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $81.45, for a total transaction of $465,160.95. The sale was disclosed in a document filed with the SEC, which is available at this link.

Robert Darren Lee also recently made the following trade(s):

  • On Friday, February 16th, Robert Darren Lee sold 18,139 shares of Proofpoint stock. The shares were sold at an average price of $97.73, for a total transaction of $1,772,724.47.

Shares of Proofpoint Inc (NASDAQ PFPT) traded down $0.81 during mid-day trading on Thursday, reaching $105.10. 733,300 shares of the company’s stock traded hands, compared to its average volume of 564,366. The company has a market capitalization of $5,329.92, a price-to-earnings ratio of -55.03 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 Inc has a twelve month low of $70.30 and a twelve month high of $107.76.

Proofpoint (NASDAQ:PFPT) last posted its earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.08. The firm 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 company’s revenue was up 36.1% on a year-over-year basis. During the same quarter last year, the company earned $0.18 earnings per share. analysts expect that Proofpoint Inc will post -0.91 earnings per share for the current year.

A number of research analysts have recently issued reports on the stock. TheStreet upgraded shares of Proofpoint from a “d” rating to a “c-” rating in a report on Wednesday, February 7th. Imperial Capital lifted their price objective on shares of Proofpoint from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Monness Crespi & Hardt raised their price target on shares of Proofpoint from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Dougherty & Co raised their price target on shares of Proofpoint from $108.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Morgan Stanley raised their price target on shares of Proofpoint from $116.00 to $124.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $107.63.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Artisan Partners Limited Partnership increased its stake in shares of Proofpoint by 8.1% in the third quarter. Artisan Partners Limited Partnership now owns 3,012,092 shares of the software maker’s stock worth $262,715,000 after purchasing an additional 225,970 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Proofpoint by 25.2% in the fourth quarter. TIAA CREF Investment Management LLC now owns 1,348,936 shares of the software maker’s stock worth $119,799,000 after purchasing an additional 271,581 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Proofpoint by 3.9% in the fourth quarter. Macquarie Group Ltd. now owns 952,921 shares of the software maker’s stock worth $84,629,000 after purchasing an additional 35,818 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Proofpoint by 133.9% in the third quarter. JPMorgan Chase & Co. now owns 870,784 shares of the software maker’s stock worth $76,551,000 after purchasing an additional 498,462 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Proofpoint by 7.6% in the second quarter. State Street Corp now owns 851,530 shares of the software maker’s stock worth $73,938,000 after purchasing an additional 60,236 shares in the last quarter.

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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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