Proofpoint, Inc. (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $122.32, for a total value of $611,600.00. Following the completion of the sale, the chairman now directly owns 13,001 shares in the company, valued at approximately $1,590,282.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Eric Hahn also recently made the following trade(s):
- On Tuesday, April 3rd, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $113.64, for a total value of $568,200.00.
- On Wednesday, March 14th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $118.91, for a total value of $594,550.00.
- On Wednesday, February 21st, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $105.93, for a total value of $529,650.00.
Shares of PFPT stock opened at $122.46 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $6.22 billion, a P/E ratio of -93.48 and a beta of 1.18. Proofpoint, Inc. has a one year low of $81.16 and a one year high of $130.27.
Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Thursday, April 26th. The software maker reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.15. The business had revenue of $162.50 million for the quarter, compared to analyst estimates of $151.86 million. Proofpoint had a negative return on equity of 21.55% and a negative net margin of 12.58%. Proofpoint’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS. research analysts expect that Proofpoint, Inc. will post -1.12 earnings per share for the current fiscal year.
A number of analysts have issued reports on PFPT shares. Wedbush reaffirmed an “outperform” rating and issued a $136.00 target price (up previously from $130.00) on shares of Proofpoint in a report on Friday, April 27th. Deutsche Bank reaffirmed a “buy” rating and issued a $114.00 target price on shares of Proofpoint in a report on Tuesday, January 30th. ValuEngine raised Proofpoint from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. BidaskClub raised Proofpoint from a “buy” rating to a “strong-buy” rating in a report on Friday, January 26th. Finally, Cowen reissued a “buy” rating and set a $125.00 price objective on shares of Proofpoint in a report on Friday, April 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $125.05.
Hedge funds have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. boosted its stake in Proofpoint by 4,395.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 899 shares of the software maker’s stock valued at $102,000 after buying an additional 879 shares in the last quarter. Exane Derivatives boosted its stake in Proofpoint by 901.8% in the 4th quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock valued at $152,000 after buying an additional 1,542 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Proofpoint in the 1st quarter valued at $216,000. Optimum Investment Advisors acquired a new stake in Proofpoint in the 1st quarter valued at $227,000. Finally, Sigma Planning Corp acquired a new stake in Proofpoint in the 4th quarter valued at $238,000. 99.75% of the stock is currently owned by institutional investors and hedge funds.
Proofpoint Company Profile
Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ?drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.
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