Proofpoint, Inc. (NASDAQ:PFPT) EVP Tracey Newell sold 8,183 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $89.08, for a total transaction of $728,941.64. Following the transaction, the executive vice president now owns 15,195 shares in the company, valued at approximately $1,353,570.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, June 19th, Tracey Newell sold 8,183 shares of Proofpoint stock. The stock was sold at an average price of $87.69, for a total transaction of $717,567.27.
  • On Wednesday, May 17th, Tracey Newell sold 8,183 shares of Proofpoint stock. The stock was sold at an average price of $84.14, for a total transaction of $688,517.62.

Proofpoint, Inc. (NASDAQ:PFPT) traded up 3.68% during midday trading on Wednesday, reaching $93.17. The company had a trading volume of 601,576 shares. Proofpoint, Inc. has a 12 month low of $64.62 and a 12 month high of $94.33. The firm’s 50-day moving average price is $87.54 and its 200 day moving average price is $81.36. The firm’s market capitalization is $4.07 billion.

Proofpoint (NASDAQ:PFPT) last released its earnings results on Thursday, April 20th. The software maker reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Proofpoint had a negative return on equity of 126.46% and a negative net margin of 25.63%. The company had revenue of $113.30 million for the quarter, compared to the consensus estimate of $110.60 million. During the same quarter last year, the business posted ($0.09) EPS. Proofpoint’s quarterly revenue was up 43.4% compared to the same quarter last year. Equities analysts anticipate that Proofpoint, Inc. will post $0.59 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. Legato Capital Management LLC bought a new stake in shares of Proofpoint during the second quarter valued at about $204,000. Aperio Group LLC boosted its stake in Proofpoint by 19.8% in the second quarter. Aperio Group LLC now owns 3,591 shares of the software maker’s stock valued at $312,000 after buying an additional 594 shares in the last quarter. Crow Point Partners LLC acquired a new stake in Proofpoint during the second quarter valued at approximately $757,000. Creative Planning boosted its stake in Proofpoint by 7.4% in the second quarter. Creative Planning now owns 2,232 shares of the software maker’s stock valued at $194,000 after buying an additional 154 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning boosted its stake in Proofpoint by 79.2% in the second quarter. Handelsinvest Investeringsforvaltning now owns 34,400 shares of the software maker’s stock valued at $2,987,000 after buying an additional 15,200 shares in the last quarter.

A number of equities research analysts have recently commented on PFPT shares. Goldman Sachs Group, Inc. (The) cut shares of Proofpoint from a “neutral” rating to a “sell” rating and set a $69.00 price objective on the stock. in a research note on Thursday, March 23rd. Zacks Investment Research cut shares of Proofpoint from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Robert W. Baird cut shares of Proofpoint from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $92.00 to $77.00 in a research note on Thursday, April 20th. DA Davidson raised shares of Proofpoint from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $83.00 to $90.00 in a research note on Wednesday, April 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Proofpoint in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $88.09.

Proofpoint Company Profile

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.

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

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