1,415 Shares in Proofpoint Inc (PFPT) Purchased by Cerebellum GP LLC

Cerebellum GP LLC bought a new position in shares of Proofpoint Inc (NASDAQ:PFPT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,415 shares of the software maker’s stock, valued at approximately $163,000.

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Proofpoint by 20.5% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,313 shares of the software maker’s stock worth $490,000 after acquiring an additional 734 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in Proofpoint by 2.1% during the first quarter. Kornitzer Capital Management Inc. KS now owns 36,115 shares of the software maker’s stock valued at $4,104,000 after buying an additional 745 shares in the last quarter. Gideon Capital Advisors Inc. lifted its stake in Proofpoint by 37.3% during the first quarter. Gideon Capital Advisors Inc. now owns 3,145 shares of the software maker’s stock valued at $357,000 after buying an additional 854 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Proofpoint by 4,395.0% during the first 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. Finally, Wedbush Securities Inc. lifted its stake in Proofpoint by 18.0% during the first quarter. Wedbush Securities Inc. now owns 6,505 shares of the software maker’s stock valued at $739,000 after buying an additional 993 shares in the last quarter.

In related news, EVP Bhagwat Swaroop sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $125.61, for a total value of $125,610.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Robert Darren Lee sold 4,711 shares of the stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $122.97, for a total value of $579,311.67. Following the completion of the transaction, the senior vice president now owns 4,044 shares in the company, valued at approximately $497,290.68. The disclosure for this sale can be found here. Insiders sold 15,711 shares of company stock worth $1,939,772 in the last 90 days. 5.96% of the stock is currently owned by corporate insiders.

Proofpoint opened at $119.16 on Friday, Marketbeat Ratings reports. Proofpoint Inc has a 52 week low of $82.61 and a 52 week high of $130.27. The company has a market capitalization of $5.93 billion, a P/E ratio of -90.96 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.60 and a current ratio of 0.60.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Thursday, April 26th. The software maker reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15. Proofpoint had a negative return on equity of 21.55% and a negative net margin of 12.58%. The firm had revenue of $162.50 million for the quarter, compared to the consensus estimate of $151.86 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The firm’s revenue was up 40.6% on a year-over-year basis. sell-side analysts anticipate that Proofpoint Inc will post -1.12 EPS for the current year.

A number of analysts have commented on PFPT shares. Evercore ISI reaffirmed a “buy” rating and set a $135.00 price objective on shares of Proofpoint in a research note on Friday, April 27th. Needham & Company LLC upped their price objective on shares of Proofpoint to $138.00 and gave the company a “buy” rating in a research note on Tuesday, April 24th. They noted that the move was a valuation call. Monness Crespi & Hardt upped their price objective on shares of Proofpoint from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 24th. Cowen reaffirmed a “buy” rating and set a $125.00 price objective on shares of Proofpoint in a research note on Friday, April 20th. Finally, Citigroup upped their price objective on shares of Proofpoint from $118.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $125.05.

About Proofpoint

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.

Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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