Proofpoint Inc. (NASDAQ:PFPT) EVP Tracey Newell sold 9,892 shares of Proofpoint stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $76.99, for a total value of $761,585.08. Following the sale, the executive vice president now directly owns 36,325 shares of the company’s stock, valued at approximately $2,796,661.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Tracey Newell also recently made the following trade(s):

  • On Wednesday, August 17th, Tracey Newell sold 20,000 shares of Proofpoint stock. The shares were sold at an average price of $75.00, for a total value of $1,500,000.00.
  • On Monday, July 18th, Tracey Newell sold 20,000 shares of Proofpoint stock. The shares were sold at an average price of $66.93, for a total value of $1,338,600.00.

Proofpoint Inc. (NASDAQ:PFPT) opened at 74.64 on Wednesday. Proofpoint Inc. has a one year low of $35.56 and a one year high of $80.68. The firm’s market capitalization is $3.14 billion. The stock’s 50 day moving average price is $76.05 and its 200 day moving average price is $63.08.

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Proofpoint (NASDAQ:PFPT) last announced its earnings results on Thursday, July 21st. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.13. Proofpoint had a negative net margin of 41.46% and a negative return on equity of 120.27%. The business earned $89.90 million during the quarter, compared to the consensus estimate of $84.22 million. Analysts expect that Proofpoint Inc. will post $0.09 EPS for the current year.

A number of equities analysts have weighed in on PFPT shares. Wunderlich started coverage on Proofpoint in a research note on Tuesday, September 13th. They set a “buy” rating and a $90.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating on shares of Proofpoint in a research note on Wednesday, June 29th. Needham & Company LLC started coverage on Proofpoint in a research note on Monday, August 1st. They set a “buy” rating and a $88.00 price objective for the company. FBR & Co reiterated an “outperform” rating on shares of Proofpoint in a research note on Thursday, August 25th. Finally, Zacks Investment Research lowered Proofpoint from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Two research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Proofpoint presently has a consensus rating of “Buy” and an average target price of $79.42.

Several large investors have recently made changes to their positions in PFPT. US Bancorp DE increased its stake in shares of Proofpoint by 5.9% in the second quarter. US Bancorp DE now owns 2,067 shares of the company’s stock valued at $130,000 after buying an additional 115 shares during the period. BlackRock Inc. boosted its position in Proofpoint by 122.6% in the first quarter. BlackRock Inc. now owns 2,684 shares of the company’s stock valued at $143,000 after buying an additional 1,478 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Proofpoint by 199.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,417 shares of the company’s stock valued at $152,000 after buying an additional 1,611 shares in the last quarter. BOKF NA purchased a new position in Proofpoint during the second quarter valued at about $193,000. Finally, Mizuho Asset Management Co. Ltd. purchased a new position in Proofpoint during the second quarter valued at about $197,000.

About Proofpoint

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations around the world. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

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