Proofpoint Inc (NASDAQ:PFPT) SVP Robert Darren Lee sold 2,615 shares of Proofpoint stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $107.83, for a total transaction of $281,975.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
PFPT opened at $109.23 on Wednesday. Proofpoint Inc has a fifty-two week low of $75.92 and a fifty-two week high of $131.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of -94.98 and a beta of 1.75.
Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Thursday, April 25th. The software maker reported ($0.33) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.33). Proofpoint had a negative net margin of 15.82% and a negative return on equity of 13.93%. The firm had revenue of $202.90 million for the quarter, compared to the consensus estimate of $199.32 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The business’s revenue was up 24.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Proofpoint Inc will post -0.82 EPS for the current fiscal year.
A number of equities analysts recently issued reports on PFPT shares. Deutsche Bank boosted their target price on shares of Proofpoint from $95.00 to $125.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Cowen started coverage on shares of Proofpoint in a research report on Thursday, May 23rd. They set an “outperform” rating and a $140.00 target price on the stock. BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. ValuEngine lowered shares of Proofpoint from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 5th. Finally, Zacks Investment Research lowered shares of Proofpoint from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $131.30.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc lifted its position in Proofpoint by 3.2% during the 3rd quarter. Vanguard Group Inc now owns 4,460,432 shares of the software maker’s stock worth $474,277,000 after buying an additional 137,876 shares in the last quarter. BlackRock Inc. lifted its position in Proofpoint by 2.4% during the 1st quarter. BlackRock Inc. now owns 2,445,564 shares of the software maker’s stock worth $296,965,000 after buying an additional 56,860 shares in the last quarter. FMR LLC lifted its position in Proofpoint by 9.5% during the 4th quarter. FMR LLC now owns 1,661,727 shares of the software maker’s stock worth $139,269,000 after buying an additional 144,796 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Proofpoint by 5.7% during the 1st quarter. JPMorgan Chase & Co. now owns 1,561,751 shares of the software maker’s stock worth $189,643,000 after buying an additional 84,383 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Proofpoint by 14.9% during the 1st quarter. Wells Fargo & Company MN now owns 1,430,731 shares of the software maker’s stock worth $173,733,000 after buying an additional 185,889 shares in the last quarter. Institutional investors own 95.50% of the company’s stock.
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Proofpoint, Inc operates as a security-as-a-service 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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