Stock Traders Buy High Volume of Proofpoint Call Options (PFPT)

Proofpoint Inc (NASDAQ:PFPT) saw some unusual options trading activity on Monday. Investors bought 4,227 call options on the company. This represents an increase of 2,302% compared to the typical daily volume of 176 call options.

Shares of Proofpoint (NASDAQ PFPT) opened at $105.25 on Tuesday. 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 has a 52-week low of $70.30 and a 52-week high of $105.80.

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

Several research firms have issued reports on PFPT. Zacks Investment Research upgraded shares of Proofpoint from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Wednesday, December 27th. Monness Crespi & Hardt increased their target price on shares of Proofpoint from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. TheStreet upgraded shares of Proofpoint from a “d” rating to a “c-” rating in a research note on Wednesday, February 7th. BidaskClub upgraded shares of Proofpoint from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Finally, Susquehanna Bancshares increased their target price on shares of Proofpoint from $107.00 to $122.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Proofpoint has a consensus rating of “Buy” and an average target price of $107.63.

In other Proofpoint news, CEO Gary Steele sold 40,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 94,203 shares in the company, valued at approximately $9,646,387.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bhagwat Swaroop sold 900 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $98.86, for a total transaction of $88,974.00. Following the completion of the sale, the executive vice president now owns 4,077 shares in the company, valued at $403,052.22. The disclosure for this sale can be found here. Insiders have sold a total of 150,266 shares of company stock worth $13,999,688 over the last 90 days. 5.96% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. bought a new position in shares of Proofpoint during the 2nd quarter valued at $253,000. JPMorgan Chase & Co. grew its holdings in shares of Proofpoint by 133.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 870,784 shares of the software maker’s stock valued at $76,551,000 after purchasing an additional 498,462 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Proofpoint by 13.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,870 shares of the software maker’s stock valued at $1,995,000 after purchasing an additional 2,728 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in shares of Proofpoint by 126.4% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 8,328 shares of the software maker’s stock valued at $726,000 after purchasing an additional 4,650 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in shares of Proofpoint by 8.1% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,012,092 shares of the software maker’s stock valued at $262,715,000 after purchasing an additional 225,970 shares during the last quarter.

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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.

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