Proofpoint, Inc. (NASDAQ:PFPT)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a research report issued on Tuesday. They presently have a $90.00 price target on the software maker’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 0.78% from the company’s current price.

Several other research firms also recently issued reports on PFPT. Wedbush restated an “outperform” rating and issued a $93.00 price target (down from $98.00) on shares of Proofpoint in a research note on Friday, July 14th. ValuEngine upgraded Proofpoint from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Northland Securities restated a “buy” rating and issued a $100.00 price target on shares of Proofpoint in a research note on Friday, June 30th. Rosenblatt Securities restated a “buy” rating and issued a $95.00 price target on shares of Proofpoint in a research note on Sunday, April 23rd. Finally, Piper Jaffray Companies set a $90.00 price target on Proofpoint and gave the company a “buy” rating in a research note on Friday, April 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Proofpoint has a consensus rating of “Buy” and a consensus target price of $89.87.

Shares of Proofpoint (NASDAQ:PFPT) traded down 0.97% on Tuesday, hitting $90.71. The company had a trading volume of 639,791 shares. Proofpoint has a 12-month low of $67.50 and a 12-month high of $94.33. The firm has a 50-day moving average price of $88.04 and a 200 day moving average price of $81.81. The company’s market capitalization is $3.97 billion.

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In other Proofpoint news, EVP Tracey Newell sold 8,183 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $89.08, for a total value of $728,941.64. Following the completion of the transaction, the executive vice president now owns 15,195 shares of the company’s stock, valued at approximately $1,353,570.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Robert Darren Lee sold 3,250 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $75.26, for a total value of $244,595.00. Following the completion of the transaction, the senior vice president now directly owns 4,131 shares of the company’s stock, valued at approximately $310,899.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 189,549 shares of company stock valued at $16,234,464. Insiders own 6.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Creative Planning raised its stake in Proofpoint by 7.4% in the second quarter. Creative Planning now owns 2,232 shares of the software maker’s stock worth $194,000 after buying an additional 154 shares during the period. Wedbush Securities Inc. raised its stake in Proofpoint by 4.8% in the first quarter. Wedbush Securities Inc. now owns 5,864 shares of the software maker’s stock worth $436,000 after buying an additional 267 shares during the period. Legal & General Group Plc raised its stake in Proofpoint by 3.1% in the first quarter. Legal & General Group Plc now owns 14,253 shares of the software maker’s stock worth $1,060,000 after buying an additional 435 shares during the period. Envestnet Asset Management Inc. raised its stake in Proofpoint by 18.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,897 shares of the software maker’s stock worth $215,000 after buying an additional 446 shares during the period. Finally, Commerce Bank raised its stake in Proofpoint by 13.0% in the first quarter. Commerce Bank now owns 4,000 shares of the software maker’s stock worth $298,000 after buying an additional 460 shares during the period.

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.

Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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