Proofpoint Inc (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of Proofpoint stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $105.93, for a total transaction of $529,650.00. Following the transaction, the chairman now directly owns 28,001 shares in the company, valued at $2,966,145.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Eric Hahn also recently made the following trade(s):
- On Thursday, January 4th, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $93.91, for a total transaction of $469,550.00.
- On Wednesday, December 6th, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $83.71, for a total transaction of $418,550.00.
Proofpoint Inc (PFPT) opened at $106.11 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 11.57. The stock has a market cap of $4,820.00, a price-to-earnings ratio of -54.14 and a beta of 1.39. Proofpoint Inc has a 1 year low of $70.30 and a 1 year high of $107.76.
Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08. The business had revenue of $145.40 million for 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 quarterly revenue was up 36.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. equities research analysts predict that Proofpoint Inc will post -0.91 earnings per share for the current year.
PFPT has been the topic of several research reports. Oppenheimer initiated coverage on shares of Proofpoint in a research note on Wednesday, November 1st. They set a “market perform” rating on the stock. Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Wednesday, December 27th. KeyCorp reissued a “neutral” rating on shares of Proofpoint in a research note on Friday, November 24th. Robert W. Baird reissued a “hold” rating and set a $100.00 price target on shares of Proofpoint in a research note on Tuesday, November 7th. Finally, Evercore ISI reissued a “buy” rating and set a $105.00 price target on shares of Proofpoint in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $107.63.
Institutional investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. purchased a new position in Proofpoint during the 2nd quarter valued at $253,000. JPMorgan Chase & Co. increased its position 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 period. Public Employees Retirement System of Ohio increased its position in Proofpoint by 13.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,870 shares of the software maker’s stock valued at $1,995,000 after purchasing an additional 2,728 shares during the period. Campbell & CO Investment Adviser LLC increased its position in Proofpoint by 126.4% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 8,328 shares of the software maker’s stock valued at $726,000 after purchasing an additional 4,650 shares during the period. Finally, Artisan Partners Limited Partnership increased its position in Proofpoint by 8.1% during 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 purchasing an additional 225,970 shares during the period.
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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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