Proofpoint, Inc. (PFPT) EVP David Knight Sells 3,000 Shares
Proofpoint, Inc. (NASDAQ:PFPT) EVP David Knight sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $91.19, for a total transaction of $273,570.00. Following the sale, the executive vice president now directly owns 16,874 shares of the company’s stock, valued at $1,538,740.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
David Knight also recently made the following trade(s):
- On Wednesday, August 23rd, David Knight sold 3,000 shares of Proofpoint stock. The shares were sold at an average price of $90.76, for a total transaction of $272,280.00.
- On Tuesday, July 11th, David Knight sold 3,000 shares of Proofpoint stock. The shares were sold at an average price of $84.54, for a total transaction of $253,620.00.
Shares of Proofpoint, Inc. (NASDAQ:PFPT) traded down 1.90% during trading on Thursday, reaching $90.44. The company’s stock had a trading volume of 291,774 shares. The company’s market cap is $4.02 billion. Proofpoint, Inc. has a 52 week low of $68.04 and a 52 week high of $97.00. The stock’s 50 day moving average price is $89.14 and its 200 day moving average price is $84.21.
Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $119.58 million. During the same quarter in the prior year, the business posted $0.06 EPS. The business’s revenue was up 36.0% compared to the same quarter last year. Equities research analysts predict that Proofpoint, Inc. will post $0.65 EPS for the current year.
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Several institutional investors have recently made changes to their positions in PFPT. BlackRock Inc. raised its stake in shares of Proofpoint by 22,439.7% during the 1st quarter. BlackRock Inc. now owns 3,193,429 shares of the software maker’s stock worth $237,464,000 after purchasing an additional 3,179,261 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Proofpoint by 161.6% during the 1st quarter. Artisan Partners Limited Partnership now owns 2,313,715 shares of the software maker’s stock worth $172,048,000 after purchasing an additional 1,429,192 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Proofpoint by 249.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 823,521 shares of the software maker’s stock worth $71,506,000 after purchasing an additional 588,015 shares in the last quarter. ETF Managers Group LLC bought a new stake in shares of Proofpoint during the 2nd quarter worth approximately $43,157,000. Finally, Teachers Advisors LLC raised its stake in shares of Proofpoint by 86.8% during the 2nd quarter. Teachers Advisors LLC now owns 549,680 shares of the software maker’s stock worth $47,729,000 after purchasing an additional 255,391 shares in the last quarter.
A number of analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $103.00 price objective on shares of Proofpoint in a research note on Thursday, August 31st. Wedbush reissued an “outperform” rating and issued a $104.00 price target (up from $98.00) on shares of Proofpoint in a research report on Friday, July 28th. Evercore ISI reissued a “buy” rating and issued a $105.00 price target on shares of Proofpoint in a research report on Wednesday, September 6th. Piper Jaffray Companies set a $100.00 price target on shares of Proofpoint and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Tuesday, August 1st. One investment 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 company. The stock currently has an average rating of “Buy” and an average price target of $98.91.
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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