Proofpoint Inc (NASDAQ:PFPT) was the recipient of unusually large options trading on Friday. Traders purchased 2,233 call options on the stock. This represents an increase of approximately 370% compared to the typical daily volume of 475 call options.

Several equities analysts have weighed in on PFPT shares. Piper Sandler lifted their target price on Proofpoint from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday. Wedbush lifted their target price on Proofpoint from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Morgan Stanley lifted their target price on Proofpoint from $126.00 to $131.00 and gave the company an “equal weight” rating in a research note on Friday. Northland Securities lifted their target price on Proofpoint from $145.00 to $153.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Proofpoint in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $142.68.

In other Proofpoint news, CFO Paul R. Auvil III sold 25,000 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $125.02, for a total transaction of $3,125,500.00. Following the sale, the chief financial officer now owns 103,149 shares in the company, valued at approximately $12,895,687.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert Darren Lee sold 1,727 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $115.22, for a total value of $198,984.94. Following the sale, the executive vice president now owns 6,094 shares in the company, valued at approximately $702,150.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,892 shares of company stock worth $9,347,982. Corporate insiders own 2.93% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Comerica Bank lifted its holdings in shares of Proofpoint by 8.0% during the second quarter. Comerica Bank now owns 2,470 shares of the software maker’s stock worth $303,000 after buying an additional 183 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Proofpoint by 2,258.3% during the second quarter. Flagship Harbor Advisors LLC now owns 283 shares of the software maker’s stock worth $31,000 after buying an additional 271 shares during the last quarter. UBS Group AG lifted its holdings in shares of Proofpoint by 12.0% during the second quarter. UBS Group AG now owns 38,418 shares of the software maker’s stock worth $4,269,000 after buying an additional 4,111 shares during the last quarter. Landsberg Bennett & Dubbaneh LLC acquired a new position in shares of Proofpoint during the second quarter worth approximately $753,000. Finally, Mackay Shields LLC acquired a new position in shares of Proofpoint during the second quarter worth approximately $14,617,000. 94.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Proofpoint stock opened at $115.67 on Friday. The stock has a market capitalization of $6.63 billion, a P/E ratio of -38.69 and a beta of 1.38. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.43. The stock has a 50 day moving average price of $114.22 and a two-hundred day moving average price of $115.53. Proofpoint has a 12-month low of $83.81 and a 12-month high of $133.58.

Proofpoint (NASDAQ:PFPT) last announced its earnings results on Thursday, July 30th. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.78. The firm had revenue of $258.44 million during the quarter, compared to analysts’ expectations of $252.95 million. Proofpoint had a negative return on equity of 7.09% and a negative net margin of 17.35%. Sell-side analysts anticipate that Proofpoint will post -1.04 earnings per share for the current year.

About Proofpoint

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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