Proofpoint (NASDAQ:PFPT) had its price objective boosted by investment analysts at Citigroup from $118.00 to $140.00 in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the software maker’s stock. Citigroup’s target price suggests a potential upside of 12.91% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on PFPT. Zacks Investment Research downgraded Proofpoint from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Goldman Sachs upgraded Proofpoint from a “sell” rating to a “neutral” rating and set a $112.00 price target for the company in a research note on Tuesday, April 10th. Wedbush restated an “outperform” rating and set a $130.00 price target on shares of Proofpoint in a research note on Monday, April 9th. TheStreet upgraded Proofpoint from a “d” rating to a “c-” rating in a research note on Wednesday, February 7th. Finally, ValuEngine upgraded Proofpoint from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $114.72.

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NASDAQ PFPT traded up $2.63 during trading hours on Monday, hitting $123.99. The company’s stock had a trading volume of 63,404 shares, compared to its average volume of 606,120. Proofpoint has a 12 month low of $70.30 and a 12 month high of $124.30. The company has a market capitalization of $6,134.30, a price-to-earnings ratio of -94.36 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.07.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08. The business had revenue of $145.40 million during the quarter, compared to the consensus estimate 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 company posted $0.18 EPS. equities analysts predict that Proofpoint will post -1.01 earnings per share for the current fiscal year.

In related news, EVP Tracey Newell sold 8,183 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $96.54, for a total value of $789,986.82. Following the transaction, the executive vice president now directly owns 23,376 shares of the company’s stock, valued at approximately $2,256,719.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary Steele sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $102.40, for a total value of $4,096,000.00. Following the completion of the transaction, the chief executive officer now directly owns 94,203 shares in the company, valued at $9,646,387.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,197 shares of company stock valued at $10,137,204. 5.96% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB purchased a new position in Proofpoint in the 4th quarter worth approximately $429,000. Sterling Capital Management LLC raised its holdings in shares of Proofpoint by 17.0% during the 4th quarter. Sterling Capital Management LLC now owns 47,540 shares of the software maker’s stock worth $4,222,000 after acquiring an additional 6,904 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Proofpoint during the 4th quarter worth approximately $1,757,000. Castleark Management LLC purchased a new stake in shares of Proofpoint during the 4th quarter worth approximately $7,439,000. Finally, Macquarie Group Ltd. raised its holdings in shares of Proofpoint by 3.9% during the 4th quarter. Macquarie Group Ltd. now owns 952,921 shares of the software maker’s stock worth $84,629,000 after acquiring an additional 35,818 shares in the last quarter.

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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.

Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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