Eric Hahn Sells 5,000 Shares of Proofpoint Inc. (PFPT) Stock
Proofpoint Inc. (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the company’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $72.90, for a total transaction of $364,500.00. Following the completion of the sale, the chairman now directly owns 121,215 shares in the company, valued at $8,836,573.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Eric Hahn also recently made the following trade(s):
- On Wednesday, September 28th, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $77.82, for a total transaction of $389,100.00.
- On Tuesday, August 23rd, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $76.04, for a total transaction of $380,200.00.
Shares of Proofpoint Inc. (NASDAQ:PFPT) opened at 73.47 on Friday. The company’s 50-day moving average is $76.16 and its 200 day moving average is $65.12. The firm’s market capitalization is $3.09 billion. Proofpoint Inc. has a 52-week low of $35.56 and a 52-week high of $80.68.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/eric-hahn-sells-5000-shares-of-proofpoint-inc-pfpt-stock.html
Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, July 21st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.13. The company had revenue of $89.90 million for the quarter, compared to analyst estimates of $84.22 million. Proofpoint had a negative net margin of 41.46% and a negative return on equity of 120.27%. Equities analysts expect that Proofpoint Inc. will post $0.09 earnings per share for the current fiscal year.
A number of analysts recently issued reports on PFPT shares. Wells Fargo & Co. reissued a “buy” rating on shares of Proofpoint in a report on Sunday, September 25th. Evercore ISI started coverage on shares of Proofpoint in a report on Wednesday, June 29th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Wednesday, July 27th. Macquarie started coverage on shares of Proofpoint in a report on Friday, July 8th. They set an “outperform” rating and a $75.00 price target on the stock. Finally, Summit Redstone set a $90.00 price target on shares of Proofpoint and gave the stock a “buy” rating in a report on Tuesday, August 16th. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.44.
Large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Proofpoint by 71.9% in the third quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the company’s stock valued at $311,000 after buying an additional 1,739 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Proofpoint by 45.3% in the second quarter. Macquarie Group Ltd. now owns 482,327 shares of the company’s stock valued at $30,430,000 after buying an additional 150,284 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Proofpoint during the second quarter valued at approximately $839,000. Schwab Charles Investment Management Inc. raised its stake in shares of Proofpoint by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 140,336 shares of the company’s stock valued at $8,854,000 after buying an additional 6,118 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Proofpoint by 6.2% in the second quarter. Stifel Financial Corp now owns 91,707 shares of the company’s stock valued at $5,787,000 after buying an additional 5,394 shares during the last quarter.
Proofpoint Company Profile
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.
Receive News & Ratings for Proofpoint Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint Inc. and related companies with MarketBeat.com's FREE daily email newsletter.