Insider Selling: Proofpoint Inc. (PFPT) EVP Sells 3,645 Shares of Stock
Proofpoint Inc. (NASDAQ:PFPT) EVP Tracey Newell sold 3,645 shares of Proofpoint stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $70.54, for a total value of $257,118.30. Following the completion of the sale, the executive vice president now directly owns 30,078 shares in the company, valued at $2,121,702.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Tracey Newell also recently made the following trade(s):
- On Monday, September 19th, Tracey Newell sold 9,892 shares of Proofpoint stock. The stock was sold at an average price of $76.99, for a total value of $761,585.08.
- On Wednesday, August 17th, Tracey Newell sold 20,000 shares of Proofpoint stock. The stock was sold at an average price of $75.00, for a total value of $1,500,000.00.
Shares of Proofpoint Inc. (NASDAQ:PFPT) traded up 0.87% during trading on Tuesday, hitting $70.91. The stock had a trading volume of 1,099,812 shares. The stock’s market cap is $2.98 billion. Proofpoint Inc. has a one year low of $35.56 and a one year high of $80.68. The stock’s 50 day moving average price is $75.05 and its 200-day moving average price is $66.13.
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Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.13. The firm earned $89.90 million during the quarter, compared to analysts’ expectations of $84.22 million. Proofpoint had a negative net margin of 41.46% and a negative return on equity of 120.27%. Analysts expect that Proofpoint Inc. will post $0.09 earnings per share for the current fiscal year.
Several research firms recently commented on PFPT. Wunderlich began coverage on Proofpoint in a research report on Tuesday, September 13th. They issued a “buy” rating and a $90.00 price target for the company. Deutsche Bank AG reiterated a “buy” rating on shares of Proofpoint in a research report on Friday. Zacks Investment Research lowered Proofpoint from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Wedbush reiterated a “buy” rating and issued a $78.00 price target on shares of Proofpoint in a research report on Monday, July 11th. Finally, DA Davidson began coverage on Proofpoint in a research report on Tuesday, October 4th. They issued a “neutral” rating and a $80.00 price target for the company. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Proofpoint presently has an average rating of “Buy” and a consensus price target of $79.44.
Several institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its position in Proofpoint by 5.9% in the second quarter. US Bancorp DE now owns 2,067 shares of the company’s stock worth $130,000 after buying an additional 115 shares during the last quarter. 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 worth $143,000 after buying an additional 1,478 shares during 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 worth $152,000 after buying an additional 1,611 shares during the last quarter. BOKF NA bought a new position in Proofpoint during the second quarter worth $193,000. Finally, Mizuho Asset Management Co. Ltd. bought a new position in Proofpoint during the second quarter worth $197,000.
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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