Proofpoint Inc (NASDAQ:PFPT) CEO Gary Steele sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $86.28, for a total transaction of $3,451,200.00. Following the completion of the sale, the chief executive officer now owns 88,551 shares in the company, valued at approximately $7,640,180.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Gary Steele also recently made the following trade(s):

  • On Thursday, November 16th, Gary Steele sold 40,000 shares of Proofpoint stock. The shares were sold at an average price of $90.88, for a total transaction of $3,635,200.00.
  • On Friday, October 6th, Gary Steele sold 40,000 shares of Proofpoint stock. The shares were sold at an average price of $92.35, for a total transaction of $3,694,000.00.
  • On Thursday, September 14th, Gary Steele sold 40,000 shares of Proofpoint stock. The shares were sold at an average price of $88.60, for a total transaction of $3,544,000.00.

Shares of Proofpoint Inc (NASDAQ:PFPT) opened at $85.95 on Friday. Proofpoint Inc has a 1-year low of $69.23 and a 1-year high of $97.92. The company has a debt-to-equity ratio of 11.57, a current ratio of 1.51 and a quick ratio of 1.51.

Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.07. The firm had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $131.48 million. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. analysts expect that Proofpoint Inc will post -0.88 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of PFPT. TIAA CREF Investment Management LLC boosted its holdings in Proofpoint by 249.7% during the second quarter. TIAA CREF Investment Management LLC now owns 823,521 shares of the software maker’s stock worth $71,506,000 after buying an additional 588,015 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Proofpoint by 133.9% during the third quarter. JPMorgan Chase & Co. now owns 870,784 shares of the software maker’s stock worth $76,551,000 after buying an additional 498,462 shares in the last quarter. ETF Managers Group LLC bought a new stake in Proofpoint during the second quarter worth approximately $43,157,000. Artisan Partners Limited Partnership boosted its holdings in Proofpoint by 20.4% during the second quarter. Artisan Partners Limited Partnership now owns 2,786,122 shares of the software maker’s stock worth $241,919,000 after buying an additional 472,407 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Proofpoint by 9.7% during the second quarter. BlackRock Inc. now owns 3,503,427 shares of the software maker’s stock worth $304,204,000 after buying an additional 309,998 shares in the last quarter.

Several brokerages have commented on PFPT. Wedbush restated an “outperform” rating and issued a $106.00 price target (down previously from $108.00) on shares of Proofpoint in a research note on Tuesday. Royal Bank Of Canada restated a “buy” rating and issued a $103.00 price target on shares of Proofpoint in a research note on Thursday, August 31st. BidaskClub upgraded shares of Proofpoint from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Cowen began coverage on shares of Proofpoint in a research note on Thursday, August 17th. They issued an “outperform” rating and a $105.00 price target on the stock. Finally, Macquarie restated an “outperform” rating and issued a $103.00 price target on shares of Proofpoint in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $102.09.

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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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