Proofpoint Inc (NASDAQ:PFPT) EVP Bhagwat Swaroop sold 1,500 shares of Proofpoint stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $125.00, for a total transaction of $187,500.00. Following the completion of the transaction, the executive vice president now owns 1,698 shares of the company’s stock, valued at approximately $212,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bhagwat Swaroop also recently made the following trade(s):

  • On Thursday, July 9th, Bhagwat Swaroop sold 5,345 shares of Proofpoint stock. The shares were sold at an average price of $120.00, for a total transaction of $641,400.00.

PFPT opened at $125.27 on Friday. The company has a fifty day moving average price of $114.00 and a two-hundred day moving average price of $115.51. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.43. Proofpoint Inc has a 52 week low of $83.81 and a 52 week high of $133.58.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Thursday, July 30th. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.78. Proofpoint had a negative net margin of 18.85% and a negative return on equity of 10.15%. As a group, research analysts predict that Proofpoint Inc will post -1.04 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Private Capital Group LLC acquired a new position in shares of Proofpoint in the 1st quarter valued at $34,000. Nisa Investment Advisors LLC acquired a new position in shares of Proofpoint in the 1st quarter valued at $41,000. Exchange Traded Concepts LLC acquired a new position in shares of Proofpoint in the 2nd quarter valued at $43,000. Global Retirement Partners LLC grew its holdings in shares of Proofpoint by 35.6% in the 2nd quarter. Global Retirement Partners LLC now owns 411 shares of the software maker’s stock valued at $46,000 after buying an additional 108 shares during the period. Finally, Sowell Financial Services LLC grew its holdings in shares of Proofpoint by 50.0% in the 1st quarter. Sowell Financial Services LLC now owns 672 shares of the software maker’s stock valued at $69,000 after buying an additional 224 shares during the period. 94.59% of the stock is owned by institutional investors.

Several research analysts recently weighed in on PFPT shares. ValuEngine cut shares of Proofpoint from a “buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Oppenheimer restated a “hold” rating on shares of Proofpoint in a research report on Friday, May 8th. Cowen dropped their price objective on shares of Proofpoint from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. Citigroup boosted their price objective on shares of Proofpoint from $147.00 to $166.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Zacks Investment Research upgraded shares of Proofpoint from a “sell” rating to a “hold” rating and set a $123.00 price objective for the company in a research report on Monday, April 13th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $141.00.

Proofpoint Company Profile

Proofpoint, Inc operates as a security-as-a-service 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.

Further Reading: What does cost of debt say about a company’s financial health?

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

Receive News & Ratings for Proofpoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint and related companies with MarketBeat.com's FREE daily email newsletter.