Insider Selling: Proofpoint Inc (PFPT) CEO Sells 40,000 Shares of Stock

Proofpoint Inc (NASDAQ:PFPT) CEO Gary Steele sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $102.40, for a total value of $4,096,000.00. Following the completion of the transaction, the chief executive officer now directly owns 94,203 shares of the company’s stock, valued at approximately $9,646,387.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Gary Steele also recently made the following trade(s):

  • On Wednesday, January 3rd, Gary Steele sold 40,000 shares of Proofpoint stock. The shares were sold at an average price of $92.06, for a total value of $3,682,400.00.
  • On Tuesday, December 5th, Gary Steele sold 40,000 shares of Proofpoint stock. The shares were sold at an average price of $86.28, for a total value of $3,451,200.00.

Proofpoint Inc (NASDAQ PFPT) opened at $105.25 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 11.57. Proofpoint Inc has a 52 week low of $70.30 and a 52 week high of $105.80. The firm has a market capitalization of $5,240.85, a PE ratio of -55.10 and a beta of 1.39.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.08. Proofpoint had a negative return on equity of 131.99% and a negative net margin of 16.37%. The firm had revenue of $145.40 million during the quarter, compared to analyst estimates of $139.61 million. During the same quarter in the previous year, the business earned $0.18 EPS. Proofpoint’s revenue for the quarter was up 36.1% compared to the same quarter last year. research analysts forecast that Proofpoint Inc will post -0.91 earnings per share for the current year.

A number of large investors have recently bought and sold shares of PFPT. PNC Financial Services Group Inc. increased its stake in Proofpoint by 5.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the software maker’s stock worth $339,000 after buying an additional 200 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Proofpoint by 433.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,440 shares of the software maker’s stock worth $2,556,000 after buying an additional 23,917 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in Proofpoint during the 2nd quarter worth approximately $222,000. State Street Corp increased its stake in Proofpoint by 7.6% during the 2nd quarter. State Street Corp now owns 851,530 shares of the software maker’s stock worth $73,938,000 after buying an additional 60,236 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Proofpoint by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,960 shares of the software maker’s stock worth $2,862,000 after buying an additional 1,554 shares in the last quarter.

Several equities analysts have recently issued reports on PFPT shares. Evercore ISI reissued a “buy” rating and issued a $105.00 price objective on shares of Proofpoint in a report on Wednesday, November 22nd. UBS Group started coverage on Proofpoint in a report on Tuesday, October 31st. They issued a “market perform” rating for the company. Robert W. Baird reissued a “hold” rating and issued a $100.00 price objective on shares of Proofpoint in a report on Tuesday, November 7th. Zacks Investment Research cut Proofpoint from a “buy” rating to a “hold” rating in a report on Thursday, December 28th. Finally, Wedbush reissued an “outperform” rating and issued a $108.00 price objective on shares of Proofpoint in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $107.63.

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About Proofpoint

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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