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Proofpoint (NASDAQ:PFPT) EVP David Knight sold 6,000 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $40.63, for a total transaction of $243,780.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Proofpoint (NASDAQ:PFPT) traded down 2.84% on Thursday, hitting $38.67. The stock had a trading volume of 308,888 shares. Proofpoint has a one year low of $24.04 and a one year high of $45.66. The stock has a 50-day moving average of $36.65 and a 200-day moving average of $35.54. The company’s market cap is $1.447 billion.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results 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. On average, analysts predict that Proofpoint will post $-0.39 earnings per share for the current fiscal year.

PFPT has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of Proofpoint in a research note on Friday, August 8th. They set an “outperform” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $43.83.

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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