Proofpoint, Inc. (NASDAQ:PFPT) had its target price hoisted by research analysts at Dougherty & Co from $95.00 to $100.00 in a note issued to investors on Friday. The firm presently has a “buy” rating on the software maker’s stock. Dougherty & Co’s target price suggests a potential upside of 13.07% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Proofpoint from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Monday, April 24th. Rosenblatt Securities reiterated a “buy” rating and set a $95.00 price target on shares of Proofpoint in a report on Sunday, April 23rd. Stifel Nicolaus reissued a “buy” rating and set a $90.00 price objective on shares of Proofpoint in a research report on Sunday, April 23rd. Deutsche Bank AG reissued a “buy” rating and set a $90.00 price objective (up from $85.00) on shares of Proofpoint in a research report on Sunday, April 23rd. Finally, Wunderlich reissued a “buy” rating and set a $93.00 price objective on shares of Proofpoint in a research report on Sunday, April 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $91.87.

Shares of Proofpoint (NASDAQ:PFPT) traded up 2.97% during trading on Friday, reaching $91.07. 495,999 shares of the company’s stock traded hands. Proofpoint has a 52-week low of $67.50 and a 52-week high of $94.33. The company’s market cap is $3.98 billion. The company’s 50-day moving average is $87.93 and its 200 day moving average is $82.00.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Thursday, July 27th. The software maker reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. Proofpoint had a negative net margin of 25.63% and a negative return on equity of 126.46%. The company had revenue of $122.30 million during the quarter, compared to analyst estimates of $119.58 million. During the same period in the prior year, the business posted $0.06 EPS. The firm’s revenue was up 36.0% compared to the same quarter last year. Equities analysts forecast that Proofpoint will post $0.59 EPS for the current year.

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In other news, SVP Robert Darren Lee sold 2,750 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $87.75, for a total transaction of $241,312.50. Following the transaction, the senior vice president now owns 7,619 shares in the company, valued at $668,567.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Tracey Newell sold 8,183 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $89.08, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,549 shares of company stock valued at $16,234,464. Corporate insiders own 6.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can raised its position in shares of Proofpoint by 35.3% in the second quarter. Great West Life Assurance Co. Can now owns 5,247 shares of the software maker’s stock valued at $455,000 after buying an additional 1,370 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in shares of Proofpoint during the second quarter valued at approximately $470,000. Strs Ohio raised its position in shares of Proofpoint by 31.1% in the second quarter. Strs Ohio now owns 5,900 shares of the software maker’s stock valued at $512,000 after buying an additional 1,400 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Proofpoint during the second quarter valued at approximately $319,000. Finally, Insight Capital Research & Management Inc. purchased a new position in shares of Proofpoint during the second quarter valued at approximately $2,409,000.

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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