Proofpoint Inc (NASDAQ:PFPT) EVP Tracey Newell sold 8,183 shares of Proofpoint stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $96.54, for a total value of $789,986.82. Following the completion of the sale, the executive vice president now directly owns 23,376 shares in the company, valued at approximately $2,256,719.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Tracey Newell also recently made the following trade(s):

  • On Monday, December 18th, Tracey Newell sold 8,183 shares of Proofpoint stock. The shares were sold at an average price of $91.24, for a total value of $746,616.92.
  • On Friday, November 17th, Tracey Newell sold 8,183 shares of Proofpoint stock. The shares were sold at an average price of $89.96, for a total value of $736,142.68.

Shares of Proofpoint Inc (PFPT) traded up $0.50 during midday trading on Thursday, hitting $98.05. The stock had a trading volume of 306,960 shares, compared to its average volume of 506,617. 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 Inc has a one year low of $70.30 and a one year high of $101.05. The company has a market cap of $4,400.00, a P/E ratio of -44.37 and a beta of 1.32.

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

A number of equities research analysts recently issued reports on PFPT shares. Robert W. Baird reissued a “hold” rating and issued a $100.00 target price on shares of Proofpoint in a research report on Tuesday, November 7th. Deutsche Bank reissued a “buy” rating and issued a $114.00 target price (up previously from $100.00) on shares of Proofpoint in a research report on Wednesday, October 18th. Monness Crespi & Hardt started coverage on Proofpoint in a research report on Monday, October 16th. They issued a “buy” rating and a $110.00 target price on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $112.00 target price on shares of Proofpoint in a research report on Friday, November 24th. Finally, Imperial Capital lifted their target price on Proofpoint from $102.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Proofpoint presently has a consensus rating of “Buy” and a consensus target price of $102.48.

Several hedge funds and other institutional investors have recently modified their holdings of PFPT. D.A. Davidson & CO. lifted its holdings in Proofpoint by 57.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock worth $102,000 after purchasing an additional 431 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Proofpoint during the 2nd quarter worth approximately $215,000. Bluestein R H & Co. acquired a new stake in Proofpoint during the 2nd quarter worth approximately $217,000. Gotham Asset Management LLC acquired a new stake in Proofpoint during the 2nd quarter worth approximately $222,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Proofpoint by 17.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,724 shares of the software maker’s stock worth $235,000 after purchasing an additional 409 shares during the last quarter.

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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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