Proofpoint Inc (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $118.91, for a total value of $594,550.00. Following the completion of the transaction, the chairman now directly owns 23,001 shares in the company, valued at approximately $2,735,048.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Eric Hahn also recently made the following trade(s):
- On Wednesday, February 21st, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $105.93, for a total value of $529,650.00.
- 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 value of $469,550.00.
Proofpoint Inc (NASDAQ PFPT) traded down $0.50 during trading hours on Thursday, hitting $120.01. The company had a trading volume of 709,296 shares, compared to its average volume of 741,945. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.06. Proofpoint Inc has a 12-month low of $70.30 and a 12-month high of $123.87. The stock has a market capitalization of $6,070.00, a PE ratio of -61.23 and a beta of 1.31.
Proofpoint (NASDAQ:PFPT) last released its earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.08. Proofpoint had a negative return on equity of 54.09% and a negative net margin of 16.37%. The firm had revenue of $145.40 million during the quarter, compared to analysts’ expectations of $139.61 million. During the same quarter last year, the business posted $0.18 earnings per share. The firm’s revenue was up 36.1% on a year-over-year basis. research analysts predict that Proofpoint Inc will post -0.94 EPS for the current year.
A number of analysts have commented on the company. Piper Jaffray Companies restated an “overweight” rating and issued a $134.00 price target on shares of Proofpoint in a research report on Friday, March 9th. Zacks Investment Research upgraded Proofpoint from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research report on Wednesday, December 27th. Monness Crespi & Hardt upped their price target on Proofpoint from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. TheStreet upgraded Proofpoint from a “d” rating to a “c-” rating in a research report on Wednesday, February 7th. Finally, Cowen restated a “buy” rating on shares of Proofpoint in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $109.67.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB purchased a new position in Proofpoint during the 4th quarter valued at approximately $429,000. Sterling Capital Management LLC grew its holdings in Proofpoint by 17.0% during the 4th quarter. Sterling Capital Management LLC now owns 47,540 shares of the software maker’s stock valued at $4,222,000 after buying an additional 6,904 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in Proofpoint during the 4th quarter valued at approximately $1,757,000. Castleark Management LLC purchased a new position in Proofpoint during the 4th quarter valued at approximately $7,439,000. Finally, Macquarie Group Ltd. grew its holdings in Proofpoint by 3.9% during the 4th quarter. Macquarie Group Ltd. now owns 952,921 shares of the software maker’s stock valued at $84,629,000 after buying an additional 35,818 shares in the last quarter.
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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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