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Analysts at Wells Fargo & Co. began coverage on shares of Proofpoint (NASDAQ:PFPT) in a research report issued to clients and investors on Friday. The firm set an “outperform” rating on the stock.

A number of other analysts have also recently weighed in on PFPT. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Proofpoint in a research note on Friday, July 25th. They now have a $47.00 price target on the stock, up previously from $46.00. Separately, analysts at Goldman Sachs initiated coverage on shares of Proofpoint in a research note on Wednesday, July 16th. They set a “buy” rating and a $42.00 price target on the stock. Finally, analysts at Sterne Agee downgraded shares of Proofpoint from an “outperform” rating to an “in-line” rating in a research note on Thursday, July 3rd. They now have a $40.00 price target on the stock. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $43.83.

In other Proofpoint news, Director Dana L. Evan sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $36.54, for a total transaction of $182,700.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Proofpoint (NASDAQ:PFPT) opened at 34.65 on Friday. Proofpoint has a 52 week low of $24.04 and a 52 week high of $45.66. The stock’s 50-day moving average is $35.58 and its 200-day moving average is $35.37. The company’s market cap is $1.292 billion.

Proofpoint (NASDAQ:PFPT) last released its earnings data on Thursday, July 24th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.40. The company had revenue of $46.40 million for the quarter, compared to the consensus estimate of $112.54 million. The company’s revenue for the quarter was up 45.9% on a year-over-year basis. Analysts expect that Proofpoint will post $-0.39 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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