Share on StockTwits

Proofpoint (NASDAQ:PFPT) EVP David Knight sold 6,000 shares of Proofpoint stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $37.18, for a total value of $223,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $43.91.

Shares of Proofpoint (NASDAQ:PFPT) traded up 0.43% during mid-day trading on Monday, hitting $37.79. 308,135 shares of the company’s stock traded hands. Proofpoint has a one year low of $23.12 and a one year high of $45.66. The stock has a 50-day moving average of $31.94 and a 200-day moving average of $34.73. The company’s market cap is $1.398 billion.

Proofpoint (NASDAQ:PFPT) last announced its earnings results on Wednesday, April 30th. The company reported ($0.12) earnings per share for the quarter, beating the analysts’ 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.

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.