Proofpoint Inc (PFPT) EVP David Knight Sells 3,000 Shares

Proofpoint Inc (NASDAQ:PFPT) EVP David Knight sold 3,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $85.47, for a total transaction of $256,410.00. Following the completion of the sale, the executive vice president now owns 15,305 shares of the company’s stock, valued at approximately $1,308,118.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Monday, November 13th, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $88.99, for a total transaction of $266,970.00.
  • 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 transaction 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 transaction of $273,570.00.

Shares of Proofpoint Inc (PFPT) opened at $87.86 on Tuesday. Proofpoint Inc has a 12 month low of $69.23 and a 12 month high of $97.92. The company has a debt-to-equity ratio of 11.57, a quick ratio of 1.51 and a current ratio of 1.51.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.07. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. The company had revenue of $134.30 million for the quarter, compared to analysts’ expectations of $131.48 million. During the same period last year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. analysts forecast that Proofpoint Inc will post -0.88 earnings per share for the current year.

PFPT has been the subject of a number of analyst reports. Cowen initiated coverage on shares of Proofpoint in a research report on Thursday, August 17th. They set an “outperform” rating and a $105.00 price objective for the company. BidaskClub upgraded shares of Proofpoint from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Royal Bank of Canada restated a “buy” rating and set a $103.00 price objective on shares of Proofpoint in a research report on Thursday, August 31st. ValuEngine upgraded shares of Proofpoint from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Evercore ISI reaffirmed a “buy” rating and set a $105.00 price target on shares of Proofpoint in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $102.09.

Several institutional investors have recently added to or reduced their stakes in PFPT. D.A. Davidson & CO. lifted its holdings in shares of Proofpoint by 57.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock worth $102,000 after acquiring an additional 431 shares during the period. Fortaleza Asset Management Inc. lifted its holdings in shares of Proofpoint by 22.4% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock worth $147,000 after acquiring an additional 310 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Proofpoint during the 2nd quarter worth about $215,000. Bluestein R H & Co. purchased a new position in shares of Proofpoint during the 2nd quarter worth about $217,000. Finally, Gotham Asset Management LLC purchased a new position in shares of Proofpoint during the 2nd quarter worth about $222,000.

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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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