Analysts expect that Proofpoint Inc (NASDAQ:PFPT) will report $120.4 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Proofpoint’s earnings. The lowest sales estimate is $119.05 million and the highest is $123.33 million. Proofpoint reported sales of $89.9 million in the same quarter last year, which indicates a positive year over year growth rate of 33.9%. The business is scheduled to announce its next earnings results on Thursday, July 20th.

According to Zacks, analysts expect that Proofpoint will report full-year sales of $120.4 million for the current fiscal year, with estimates ranging from $491.57 million to $506.62 million. For the next financial year, analysts forecast that the firm will post sales of $644.2 million per share, with estimates ranging from $635.44 million to $658.2 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Proofpoint.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Thursday, April 20th. The software maker reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The business had revenue of $113.30 million for the quarter, compared to analyst estimates of $110.60 million. Proofpoint had a negative return on equity of 110.22% and a negative net margin of 29.62%. The business’s revenue was up 43.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS.

PFPT has been the subject of a number of research reports. Wunderlich reiterated a “buy” rating and issued a $93.00 price objective (up previously from $90.00) on shares of Proofpoint in a research report on Sunday, January 29th. Goldman Sachs Group Inc downgraded Proofpoint from a “neutral” rating to a “sell” rating and set a $69.00 price objective for the company. in a research report on Thursday, March 23rd. Zacks Investment Research downgraded Proofpoint from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Rosenblatt Securities restated a “buy” rating and set a $95.00 target price on shares of Proofpoint in a research report on Sunday, April 23rd. Finally, DA Davidson upgraded Proofpoint from a “neutral” rating to a “buy” rating and raised their target price for the stock from $83.00 to $90.00 in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-two have issued a buy rating to the company. Proofpoint presently has an average rating of “Buy” and a consensus target price of $84.96.

In related news, Chairman Eric Hahn sold 5,000 shares of Proofpoint stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $83.61, for a total transaction of $418,050.00. Following the completion of the sale, the chairman now directly owns 71,460 shares of the company’s stock, valued at $5,974,770.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP David Knight sold 3,000 shares of Proofpoint stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $75.38, for a total value of $226,140.00. Following the sale, the executive vice president now directly owns 12,642 shares of the company’s stock, valued at $952,953.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 196,799 shares of company stock valued at $15,650,932. 6.80% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in PFPT. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Proofpoint by 242.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,578 shares of the software maker’s stock worth $113,000 after buying an additional 1,117 shares during the period. FNY Partners Fund LP acquired a new position in Proofpoint during the fourth quarter valued at $141,000. DekaBank Deutsche Girozentrale raised its position in Proofpoint by 400.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,500 shares of the software maker’s stock valued at $185,000 after buying an additional 2,000 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Proofpoint by 18.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,897 shares of the software maker’s stock valued at $215,000 after buying an additional 446 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in Proofpoint during the first quarter valued at $220,000.

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Shares of Proofpoint (NASDAQ:PFPT) opened at 89.42 on Friday. The company’s 50 day moving average price is $79.17 and its 200 day moving average price is $78.46. Proofpoint has a 52-week low of $57.05 and a 52-week high of $89.65. The firm’s market capitalization is $3.91 billion.

About Proofpoint

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

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