Insider Selling: Proofpoint CFO Sells 8,700 Shares of Stock (PFPT)
Proofpoint (NASDAQ:PFPT) CFO Paul Auvil III sold 8,700 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $30.06, for a total value of $261,522.00. Following the completion of the transaction, the chief financial officer now directly owns 446,938 shares in the company. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on PFPT. Analysts at RBC Capital reiterated a “buy” rating on shares of Proofpoint (NASDAQ:PFPT) in a research note to investors on Monday, August 19th. They now have a $26.00 price target on the stock. Separately, analysts at Pacific Crest raised their price target on shares of Proofpoint (NASDAQ:PFPT) from $29.00 to $34.00 in a research note to investors on Monday, August 19th. They now have an “outperform” rating on the stock. Finally, analysts at Imperial Capital initiated coverage on shares of Proofpoint (NASDAQ:PFPT) in a research note to investors on Wednesday, August 14th. They set an “outperform” rating and a $33.00 price target on the stock.
One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $25.64.
Shares of Proofpoint (NASDAQ:PFPT) traded down 2.47% on Monday, hitting $30.78. 195,325 shares of the company’s stock traded hands. Proofpoint has a 52-week low of $9.77 and a 52-week high of $31.65. The stock has a 50-day moving average of $28.84 and a 200-day moving average of $21.82. The company’s market cap is $1.087 billion.
Proofpoint, Inc (NASDAQ:PFPT) is a security-as-a-service vendor that delivers data protection solutions, which helps medium- and large-sized organizations worldwide.
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