Proofpoint, Inc. (NASDAQ:PFPT)‘s stock had its “hold” rating reissued by equities research analysts at KeyCorp in a research report issued on Tuesday.

PFPT has been the subject of several other research reports. Needham & Company LLC reissued a “buy” rating and set a $115.00 price objective on shares of Proofpoint in a research report on Monday, September 11th. BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Imperial Capital reissued an “outperform” rating and set a $102.00 price objective (up previously from $100.00) on shares of Proofpoint in a research report on Wednesday, August 2nd. ValuEngine raised shares of Proofpoint from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Dougherty & Co increased their price objective on shares of Proofpoint from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $98.91.

Proofpoint (PFPT) opened at 92.19 on Tuesday. The stock’s market capitalization is $4.10 billion. Proofpoint has a 52-week low of $68.04 and a 52-week high of $97.00. The firm’s 50-day moving average is $89.14 and its 200 day moving average is $84.21.

Proofpoint (NASDAQ:PFPT) last issued its earnings results 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 the consensus estimate of $119.58 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 36.0% on a year-over-year basis. On average, equities analysts forecast that Proofpoint will post $0.65 earnings per share for the current year.

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In related news, EVP Tracey Newell sold 8,183 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $90.30, for a total transaction of $738,924.90. Following the transaction, the executive vice president now directly owns 20,170 shares of the company’s stock, valued at $1,821,351. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gary Steele sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $87.11, for a total transaction of $3,484,400.00. Following the transaction, the chief executive officer now directly owns 88,551 shares in the company, valued at $7,713,677.61. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 170,549 shares of company stock valued at $15,090,199. 6.80% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Comerica Bank increased its position in Proofpoint by 0.4% during the second quarter. Comerica Bank now owns 13,207 shares of the software maker’s stock worth $1,210,000 after acquiring an additional 51 shares during the period. Creative Planning increased its position in Proofpoint by 7.4% during the second quarter. Creative Planning now owns 2,232 shares of the software maker’s stock worth $194,000 after acquiring an additional 154 shares during the period. PNC Financial Services Group Inc. increased its position in Proofpoint by 5.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the software maker’s stock worth $339,000 after acquiring an additional 200 shares during the period. Principal Financial Group Inc. increased its position in Proofpoint by 3.8% during the second quarter. Principal Financial Group Inc. now owns 5,976 shares of the software maker’s stock worth $519,000 after acquiring an additional 216 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in Proofpoint by 1.0% during the second quarter. State Board of Administration of Florida Retirement System now owns 22,631 shares of the software maker’s stock worth $1,965,000 after acquiring an additional 222 shares during the period.

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.

Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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