Proofpoint EVP David Knight Unloads 10,000 Shares (PFPT)
Proofpoint (NASDAQ:PFPT) EVP David Knight sold 10,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $30.23, for a total value of $302,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 assigned a buy rating to the stock. Proofpoint currently 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’s 50-day moving average is $28.84 and its 200-day moving average is $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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.