Proofpoint Inc (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of Proofpoint stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $118.91, for a total value of $594,550.00. Following the sale, the chairman now directly owns 23,001 shares of the company’s stock, valued at approximately $2,735,048.91. 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 Tuesday, April 3rd, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $113.64, for a total value of $568,200.00.
- 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 shares were sold at an average price of $93.91, for a total value of $469,550.00.
Shares of NASDAQ:PFPT traded down $1.91 during midday trading on Friday, hitting $117.19. 424,337 shares of the stock were exchanged, compared to its average volume of 618,001. The stock has a market cap of $6,020.07, a P/E ratio of -89.46 and a beta of 1.19. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Proofpoint Inc has a 12 month low of $70.30 and a 12 month high of $123.87.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.08. The company had revenue of $145.40 million for the quarter, compared to analysts’ expectations of $139.61 million. Proofpoint had a negative return on equity of 54.09% and a negative net margin of 16.37%. The business’s quarterly revenue was up 36.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 earnings per share. equities analysts forecast that Proofpoint Inc will post -1.01 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. boosted its holdings in Proofpoint by 0.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 115,520 shares of the software maker’s stock valued at $10,259,000 after acquiring an additional 550 shares during the last quarter. American International Group Inc. boosted its holdings in Proofpoint by 2.1% in the fourth quarter. American International Group Inc. now owns 29,407 shares of the software maker’s stock valued at $2,612,000 after acquiring an additional 603 shares during the last quarter. Rhumbline Advisers boosted its holdings in Proofpoint by 1.2% in the third quarter. Rhumbline Advisers now owns 52,699 shares of the software maker’s stock valued at $4,596,000 after acquiring an additional 633 shares during the last quarter. Aperio Group LLC boosted its holdings in Proofpoint by 24.2% in the third quarter. Aperio Group LLC now owns 4,461 shares of the software maker’s stock valued at $389,000 after acquiring an additional 870 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Proofpoint by 1.4% in the third quarter. Swiss National Bank now owns 73,152 shares of the software maker’s stock valued at $6,380,000 after acquiring an additional 1,000 shares during the last quarter.
PFPT has been the subject of a number of analyst reports. Zacks Investment Research downgraded Proofpoint from a “buy” rating to a “hold” rating in a research note on Thursday, December 28th. Wedbush reaffirmed an “outperform” rating and issued a $108.00 price target on shares of Proofpoint in a research note on Wednesday, January 3rd. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $120.00 price target (up previously from $115.00) on shares of Proofpoint in a research note on Friday, March 2nd. BidaskClub raised Proofpoint from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 26th. Finally, Robert W. Baird boosted their target price on Proofpoint from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $113.04.
ILLEGAL ACTIVITY WARNING: This article was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/07/proofpoint-inc-pfpt-chairman-sells-594550-00-in-stock.html.
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.
Receive News & Ratings for Proofpoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint and related companies with MarketBeat.com's FREE daily email newsletter.