Proofpoint Inc (NASDAQ:PFPT) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,040,000 shares, a decrease of 9.3% from the December 15th total of 2,250,000 shares. Based on an average daily volume of 599,600 shares, the short-interest ratio is presently 3.4 days. Currently, 3.7% of the company’s shares are sold short.

In other Proofpoint news, EVP Bhagwat Swaroop sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $122.02, for a total transaction of $610,100.00. Following the sale, the executive vice president now directly owns 5,726 shares in the company, valued at $698,686.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David Knight sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $118.11, for a total value of $295,275.00. Following the sale, the executive vice president now owns 7,328 shares in the company, valued at $865,510.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,479 shares of company stock worth $7,283,841. Company insiders own 2.93% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quest Capital Management Inc. ADV purchased a new position in Proofpoint during the 3rd quarter worth $28,000. Robeco Institutional Asset Management B.V. purchased a new position in Proofpoint during the 3rd quarter worth $32,000. Penserra Capital Management LLC purchased a new position in Proofpoint during the 3rd quarter worth $51,000. Steward Partners Investment Advisory LLC increased its holdings in Proofpoint by 714.3% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 456 shares of the software maker’s stock worth $58,000 after purchasing an additional 400 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in Proofpoint during the 2nd quarter worth $96,000. Institutional investors own 98.12% of the company’s stock.

A number of brokerages have issued reports on PFPT. Wedbush restated an “outperform” rating and set a $140.00 price objective on shares of Proofpoint in a research report on Friday, October 25th. Piper Jaffray Companies began coverage on Proofpoint in a research report on Friday, November 8th. They set an “overweight” rating and a $155.00 price objective on the stock. Cowen restated a “buy” rating and set a $135.00 price objective on shares of Proofpoint in a research report on Tuesday, December 17th. DA Davidson began coverage on Proofpoint in a research report on Monday. They set a “buy” rating and a $140.00 price objective on the stock. Finally, Morgan Stanley downgraded Proofpoint from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $146.00 to $137.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $142.87.

Shares of NASDAQ PFPT traded up $1.09 during midday trading on Tuesday, hitting $122.44. The company’s stock had a trading volume of 810,598 shares, compared to its average volume of 755,034. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 1.31. The business’s 50 day moving average is $117.19 and its two-hundred day moving average is $120.58. Proofpoint has a 12-month low of $91.44 and a 12-month high of $133.58. The firm has a market cap of $6.87 billion, a P/E ratio of -106.47 and a beta of 1.60.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, October 24th. The software maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.10. The firm had revenue of $227.40 million for the quarter, compared to the consensus estimate of $224.32 million. Proofpoint had a negative return on equity of 10.85% and a negative net margin of 14.56%. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. On average, analysts predict that Proofpoint will post -0.65 earnings per share for the current fiscal year.

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.

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