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Proofpoint (NASDAQ:PFPT) Director Philip J. Koen unloaded 5,000 shares of the company’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $30.00, for a total transaction of $150,000.00. Following the sale, the director now directly owns 94 shares in the company, valued at approximately $2,820. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

PFPT has been the subject of a number of recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of Proofpoint in a research note on Friday, April 4th. They set a “buy” rating and a $46.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Proofpoint from $47.00 to $49.00 in a research note on Monday, March 10th. They now have an “outperform” rating on the stock. Finally, analysts at Sterne Agee initiated coverage on shares of Proofpoint in a research note on Tuesday, February 4th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Proofpoint currently has a consensus rating of “Buy” and a consensus target price of $41.95.

Shares of Proofpoint (NASDAQ:PFPT) traded down 4.72% during mid-day trading on Wednesday, hitting $30.29. The stock had a trading volume of 481,804 shares. Proofpoint has a 52 week low of $16.95 and a 52 week high of $45.66. The stock’s 50-day moving average is $37.13 and its 200-day moving average is $34.41. The company’s market cap is $1.113 billion.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, January 30th. The company reported ($0.07) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.12) by $0.05. The company had revenue of $40.80 million for the quarter, compared to the consensus estimate of $35.62 million. Analysts expect that Proofpoint will post $-0.49 EPS for the current fiscal year.

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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