Proofpoint, Inc. (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $91.09, for a total value of $455,450.00. Following the sale, the chairman now owns 58,701 shares in the company, valued at $5,347,074.09. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Eric Hahn also recently made the following trade(s):

  • On Monday, July 10th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $85.51, for a total value of $427,550.00.
  • On Tuesday, June 6th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $89.03, for a total value of $445,150.00.

Shares of Proofpoint, Inc. (PFPT) opened at 91.53 on Thursday. The stock’s market cap is $4.07 billion. Proofpoint, Inc. has a 52 week low of $68.04 and a 52 week high of $94.33. The firm has a 50-day moving average price of $88.27 and a 200-day moving average price of $83.10.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. The firm had revenue of $122.30 million during the quarter, compared to analysts’ expectations of $119.58 million. During the same quarter last year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. On average, equities analysts anticipate that Proofpoint, Inc. will post $0.65 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in PFPT. Renaissance Technologies LLC bought a new stake in shares of Proofpoint during the fourth quarter valued at approximately $721,000. First Mercantile Trust Co. boosted its stake in shares of Proofpoint by 13.5% in the first quarter. First Mercantile Trust Co. now owns 7,710 shares of the software maker’s stock valued at $573,000 after buying an additional 916 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Proofpoint by 1.3% in the first quarter. Russell Investments Group Ltd. now owns 96,079 shares of the software maker’s stock valued at $7,144,000 after buying an additional 1,220 shares during the period. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in shares of Proofpoint during the first quarter valued at approximately $351,000. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Proofpoint by 5.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 106,716 shares of the software maker’s stock valued at $7,935,000 after buying an additional 5,974 shares during the period.

Several research firms have recently weighed in on PFPT. Royal Bank Of Canada reissued a “buy” rating and set a $103.00 price target on shares of Proofpoint in a report on Thursday. Needham & Company LLC began coverage on Proofpoint in a report on Friday, July 21st. They set a “buy” rating and a $115.00 price target on the stock. Zacks Investment Research raised Proofpoint from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Tuesday, August 1st. FBN Securities began coverage on Proofpoint in a report on Monday, May 22nd. They set an “outperform” rating and a $95.00 price target on the stock. Finally, Northland Securities reissued a “buy” rating and set a $100.00 price target on shares of Proofpoint in a report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-one have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $93.43.

About Proofpoint

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

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