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Proofpoint (NASDAQ:PFPT) EVP David Knight unloaded 6,000 shares of Proofpoint stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $33.07, for a total transaction of $198,420.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Proofpoint (NASDAQ:PFPT) traded up 3.11% during mid-day trading on Tuesday, hitting $36.11. The stock had a trading volume of 1,000,430 shares. Proofpoint has a one year low of $12.52 and a one year high of $35.61. The stock’s 50-day moving average is $30.49 and its 200-day moving average is $29.00. The company’s market cap is $1.297 billion.

Proofpoint (NASDAQ:PFPT) last announced its earnings results on Wednesday, October 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.36. The company had revenue of $34.50 million for the quarter, compared to the consensus estimate of $93.35 million. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. On average, analysts predict that Proofpoint will post $-0.38 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on PFPT shares. Analysts at Pacific Crest raised their price target on shares of Proofpoint from $35.00 to $39.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at JMP Securities initiated coverage on shares of Proofpoint in a research note to investors on Friday, December 20th. They set an “outperform” rating and a $37.00 price target on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of Proofpoint in a research note to investors on Thursday, December 12th. They set an “outperform” rating and a $37.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Proofpoint currently has a consensus rating of “Buy” and a consensus price target of $33.50.

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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