Proofpoint, Inc. (NASDAQ:PFPT) EVP Tracey Newell sold 8,183 shares of Proofpoint stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $90.30, for a total value of $738,924.90. Following the completion of the sale, the executive vice president now directly owns 20,170 shares in the company, valued at $1,821,351. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, August 17th, Tracey Newell sold 8,183 shares of Proofpoint stock. The stock was sold at an average price of $88.59, for a total value of $724,931.97.
  • On Monday, July 17th, Tracey Newell sold 8,183 shares of Proofpoint stock. The stock was sold at an average price of $89.08, for a total value of $728,941.64.

Proofpoint, Inc. (PFPT) traded up 0.35% during midday trading on Wednesday, hitting $92.19. The company had a trading volume of 790,964 shares. The stock has a 50 day moving average of $89.14 and a 200 day moving average of $84.21. The firm’s market cap is $4.10 billion. Proofpoint, Inc. has a 52-week low of $68.04 and a 52-week high of $97.00.

Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, July 27th. The software maker reported $0.17 earnings per share 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 firm had revenue of $122.30 million for the quarter, compared to analysts’ expectations of $119.58 million. During the same quarter last year, the firm earned $0.06 earnings per share. The firm’s revenue for the quarter was up 36.0% compared to the same quarter last year. On average, analysts anticipate that Proofpoint, Inc. will post $0.65 EPS for the current year.

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Institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. boosted its holdings in Proofpoint by 57.9% in the second quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock valued at $102,000 after acquiring an additional 431 shares during the last quarter. Fortaleza Asset Management Inc. boosted its holdings in Proofpoint by 22.4% in the second quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock valued at $147,000 after acquiring an additional 310 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings 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 acquiring an additional 2,000 shares during the last quarter. Creative Planning boosted its holdings 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 acquiring an additional 154 shares during the last quarter. Finally, Legato Capital Management LLC acquired a new position in Proofpoint in the second quarter valued at $204,000.

A number of research firms have weighed in on PFPT. Needham & Company LLC began coverage on Proofpoint in a research note on Friday, July 21st. They set a “buy” rating and a $115.00 price objective on the stock. Morgan Stanley reissued an “overweight” rating and set a $102.00 price objective (up previously from $97.00) on shares of Proofpoint in a research note on Thursday, July 20th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price objective on shares of Proofpoint in a research note on Friday, September 8th. FBN Securities reissued an “outperform” rating and set a $105.00 price objective (up previously from $100.00) on shares of Proofpoint in a research note on Saturday, September 9th. Finally, Piper Jaffray Companies set a $100.00 price objective on Proofpoint and gave the stock a “buy” rating in a research note on Sunday, September 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $98.91.

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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