Proofpoint Inc (PFPT) SVP Sells $465,160.95 in Stock

Proofpoint Inc (NASDAQ:PFPT) SVP Robert Darren Lee sold 5,711 shares of the company’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $81.45, for a total value of $465,160.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Robert Darren Lee also recently made the following trade(s):

  • On Friday, February 16th, Robert Darren Lee sold 18,139 shares of Proofpoint stock. The shares were sold at an average price of $97.73, for a total value of $1,772,724.47.

Proofpoint Inc (PFPT) traded down $0.81 during midday trading on Wednesday, reaching $105.10. The company had a trading volume of 733,223 shares, compared to its average volume of 578,678. Proofpoint Inc has a 1 year low of $70.30 and a 1 year high of $107.76. The stock has a market capitalization of $4,750.00, a P/E ratio of -53.62 and a beta of 1.39. The company has a debt-to-equity ratio of 11.57, a current ratio of 1.51 and a quick ratio of 1.51.

Proofpoint (NASDAQ:PFPT) last released its earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $139.61 million. During the same period in the prior year, the business posted $0.18 earnings per share. The firm’s revenue for the quarter was up 36.1% compared to the same quarter last year. sell-side analysts predict that Proofpoint Inc will post -0.91 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Exane Derivatives lifted its position in Proofpoint by 901.8% during the fourth quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock worth $152,000 after buying an additional 1,542 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Proofpoint during the second quarter worth about $215,000. Gotham Asset Management LLC purchased a new position in Proofpoint during the second quarter worth about $222,000. Sigma Planning Corp purchased a new position in Proofpoint during the fourth quarter worth about $238,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Proofpoint during the second quarter worth about $253,000.

Several research firms have weighed in on PFPT. TheStreet raised Proofpoint from a “d” rating to a “c-” rating in a report on Wednesday, February 7th. Imperial Capital upped their target price on Proofpoint from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Dougherty & Co upped their target price on Proofpoint from $108.00 to $118.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Stifel Nicolaus upped their target price on Proofpoint from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Royal Bank of Canada increased their price objective on Proofpoint from $100.00 to $112.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Proofpoint presently has an average rating of “Buy” and a consensus target price of $107.63.

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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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