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Proofpoint (NASDAQ:PFPT) CEO Gary Steele sold 20,000 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $36.14, for a total transaction of $722,800.00. Following the completion of the sale, the chief executive officer now directly owns 81,689 shares of the company’s stock, valued at approximately $2,952,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Proofpoint (NASDAQ:PFPT) traded up 1.54% during mid-day trading on Wednesday, hitting $37.67. 343,895 shares of the company’s stock traded hands. Proofpoint has a 52-week low of $22.56 and a 52-week high of $45.66. The stock has a 50-day moving average of $30.75 and a 200-day moving average of $34.52. The company’s market cap is $1.393 billion.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.12) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.18) by $0.06. The company had revenue of $42.70 million for the quarter, compared to the consensus estimate of $40.70 million. Analysts expect that Proofpoint will post $-0.43 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Sterne Agee upgraded shares of Proofpoint from a “neutral” rating to a “buy” rating in a research note on Monday, June 2nd. They now have a $40.00 price target on the stock, up previously from $35.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Proofpoint in a research note on Wednesday, May 21st. They now have a $45.00 price target on the stock. Finally, analysts at Imperial Capital cut their price target on shares of Proofpoint from $45.00 to $40.00 in a research note on Friday, May 2nd. They now have an “outperform” rating on the stock. Eleven analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of $43.91.

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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