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.
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.
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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