Wall Street analysts predict that Proofpoint, Inc. (NASDAQ:PFPT) will announce $132.18 million in sales for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Proofpoint’s earnings. The highest sales estimate is $134.39 million and the lowest is $130.94 million. Proofpoint reported sales of $99.78 million in the same quarter last year, which would suggest a positive year over year growth rate of 32.5%. The firm is expected to announce its next earnings report on Thursday, October 19th.

On average, analysts expect that Proofpoint will report full-year sales of $132.18 million for the current fiscal year, with estimates ranging from $504.50 million to $510.00 million. For the next year, analysts forecast that the business will post sales of $650.51 million per share, with estimates ranging from $639.00 million to $682.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Proofpoint.

Proofpoint (NASDAQ:PFPT) last posted its 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 return on equity of 140.24% and a negative net margin of 20.96%. The company had revenue of $122.30 million for the quarter, compared to the consensus estimate of $119.58 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was up 36.0% on a year-over-year basis.

A number of brokerages have issued reports on PFPT. BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a research note on Friday. Cowen and Company began coverage on shares of Proofpoint in a research note on Thursday, August 17th. They set an “outperform” rating and a $105.00 target price for the company. Zacks Investment Research lowered shares of Proofpoint from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Northland Securities set a $100.00 price objective on shares of Proofpoint and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $102.00 price objective (up previously from $100.00) on shares of Proofpoint in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. Proofpoint has an average rating of “Buy” and an average target price of $93.43.

In other Proofpoint news, CEO Gary Steele sold 40,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $89.54, for a total transaction of $3,581,600.00. Following the sale, the chief executive officer now directly owns 88,551 shares of the company’s stock, valued at $7,928,856.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert Darren Lee sold 2,750 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $87.75, for a total transaction of $241,312.50. Following the sale, the senior vice president now directly owns 7,619 shares in the company, valued at $668,567.25. The disclosure for this sale can be found here. In the last three months, insiders sold 156,299 shares of company stock worth $13,844,053. 6.80% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of PFPT. BlackRock Inc. boosted its stake in shares of Proofpoint by 22,439.7% in the first quarter. BlackRock Inc. now owns 3,193,429 shares of the software maker’s stock valued at $237,464,000 after buying an additional 3,179,261 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Proofpoint by 161.6% in the first quarter. Artisan Partners Limited Partnership now owns 2,313,715 shares of the software maker’s stock valued at $172,048,000 after buying an additional 1,429,192 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Proofpoint by 249.7% in the second quarter. TIAA CREF Investment Management LLC now owns 823,521 shares of the software maker’s stock valued at $71,506,000 after buying an additional 588,015 shares in the last quarter. ETF Managers Group LLC purchased a new stake in shares of Proofpoint during the second quarter valued at $43,157,000. Finally, Teachers Advisors LLC boosted its stake in shares of Proofpoint by 86.8% in the second quarter. Teachers Advisors LLC now owns 549,680 shares of the software maker’s stock valued at $47,729,000 after buying an additional 255,391 shares in the last quarter.

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Shares of Proofpoint (NASDAQ PFPT) opened at 90.35 on Friday. The firm has a 50-day moving average price of $88.27 and a 200-day moving average price of $83.10. The stock’s market cap is $4.01 billion. Proofpoint has a 52-week low of $68.04 and a 52-week high of $94.33.

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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