Proofpoint Inc (NASDAQ:PFPT) EVP Bhagwat Swaroop sold 5,000 shares of Proofpoint stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $123.21, for a total value of $616,050.00. Following the transaction, the executive vice president now directly owns 1,540 shares of the company’s stock, valued at approximately $189,743.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
NASDAQ:PFPT opened at $123.89 on Friday. The stock has a 50 day moving average price of $114.82. The company has a market cap of $6.93 billion, a P/E ratio of -107.73 and a beta of 1.68. Proofpoint Inc has a 1-year low of $75.92 and a 1-year high of $131.43. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.07.
Proofpoint (NASDAQ:PFPT) last released its 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). The company had revenue of $202.90 million during the quarter, compared to the consensus estimate of $199.32 million. Proofpoint had a negative return on equity of 13.93% and a negative net margin of 15.82%. Proofpoint’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. On average, research analysts anticipate that Proofpoint Inc will post -0.82 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. MML Investors Services LLC lifted its position in Proofpoint by 0.9% in the 4th quarter. MML Investors Services LLC now owns 9,399 shares of the software maker’s stock worth $788,000 after buying an additional 88 shares during the last quarter. Prudential Financial Inc. lifted its position in Proofpoint by 10.2% in the 4th quarter. Prudential Financial Inc. now owns 2,920 shares of the software maker’s stock worth $245,000 after buying an additional 270 shares during the last quarter. Commerce Bank lifted its position in Proofpoint by 6.4% in the 1st quarter. Commerce Bank now owns 5,368 shares of the software maker’s stock worth $652,000 after buying an additional 323 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in Proofpoint by 72.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 786 shares of the software maker’s stock worth $95,000 after buying an additional 329 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its position in Proofpoint by 1.0% in the first quarter. First Republic Investment Management Inc. now owns 35,979 shares of the software maker’s stock valued at $4,369,000 after purchasing an additional 355 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.
A number of research analysts have weighed in on the company. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $137.00 target price (up previously from $120.00) on shares of Proofpoint in a report on Wednesday, April 17th. KeyCorp lifted their target price on T-Mobile Us from $76.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Morgan Stanley set a $10.00 price objective on Ford Motor and gave the stock a “hold” rating in a report on Friday, April 26th. Zacks Investment Research raised Hanmi Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 20th. Finally, Cowen cut their price objective on Nordstrom from $44.00 to $36.00 and set a “market perform” rating for the company in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $131.60.
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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