David Knight Sells 3,000 Shares of Proofpoint, Inc. (PFPT) Stock

Proofpoint, Inc. (NASDAQ:PFPT) EVP David Knight sold 3,000 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $88.99, for a total value of $266,970.00. Following the transaction, the executive vice president now directly owns 16,874 shares of the company’s stock, valued at $1,501,617.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

David Knight also recently made the following trade(s):

  • On Tuesday, October 3rd, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $88.99, for a total value of $266,970.00.
  • On Tuesday, September 19th, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $91.19, for a total value of $273,570.00.
  • On Wednesday, August 23rd, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $90.76, for a total value of $272,280.00.

Proofpoint, Inc. (NASDAQ PFPT) traded up $1.26 during midday trading on Thursday, reaching $90.89. The company’s stock had a trading volume of 38,692 shares, compared to its average volume of 644,690. Proofpoint, Inc. has a twelve month low of $69.19 and a twelve month high of $97.92. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 11.57.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $134.30 million for the quarter, compared to the consensus estimate of $131.48 million. During the same quarter last year, the business posted $0.19 earnings per share. The company’s revenue for the quarter was up 34.6% on a year-over-year basis. analysts predict that Proofpoint, Inc. will post -0.88 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank grew its stake in shares of Proofpoint by 0.4% during the second quarter. Comerica Bank now owns 13,207 shares of the software maker’s stock valued at $1,210,000 after buying an additional 51 shares during the last quarter. Creative Planning grew its stake in shares of Proofpoint by 7.4% during the second quarter. Creative Planning now owns 2,232 shares of the software maker’s stock valued at $194,000 after buying an additional 154 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Proofpoint by 5.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the software maker’s stock valued at $339,000 after buying an additional 200 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Proofpoint by 3.8% during the second quarter. Principal Financial Group Inc. now owns 5,976 shares of the software maker’s stock valued at $519,000 after buying an additional 216 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of 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 valued at $1,965,000 after buying an additional 222 shares during the last quarter.

A number of research firms have recently commented on PFPT. Evercore ISI set a $105.00 price target on Proofpoint and gave the stock a “buy” rating in a report on Friday, October 20th. Piper Jaffray Companies set a $105.00 price target on Proofpoint and gave the stock a “buy” rating in a report on Friday, October 20th. Imperial Capital raised their price target on Proofpoint from $102.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Robert W. Baird reaffirmed a “hold” rating and issued a $100.00 price target (up from $95.00) on shares of Proofpoint in a report on Friday, October 20th. Finally, Stifel Nicolaus set a $100.00 price target on Proofpoint and gave the stock a “buy” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the stock. Proofpoint presently has an average rating of “Buy” and an average price target of $101.70.

Proofpoint Company Profile

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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