Proofpoint, Inc. (NASDAQ:PFPT) EVP David Knight sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $88.99, for a total transaction of $266,970.00. 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 Tuesday, September 19th, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $91.19, for a total transaction of $273,570.00.
  • On Wednesday, August 23rd, David Knight sold 3,000 shares of Proofpoint stock. The stock was 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 stock was sold at an average price of $84.54, for a total transaction of $253,620.00.

Proofpoint, Inc. (NASDAQ:PFPT) traded up 1.58% during mid-day trading on Thursday, reaching $92.30. 439,263 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $89.99 and a 200-day moving average price of $84.96. Proofpoint, Inc. has a 1-year low of $68.04 and a 1-year high of $97.00. The stock’s market cap is $4.10 billion.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, July 27th. The software maker reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.05. The company had revenue of $122.30 million during the quarter, compared to analysts’ expectations of $119.58 million. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. The business’s quarterly revenue was up 36.0% on a year-over-year basis. During the same period last year, the business earned $0.06 EPS. Equities research analysts anticipate that Proofpoint, Inc. will post $0.65 EPS for the current fiscal year.

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Several research analysts have recently weighed in on PFPT shares. Morgan Stanley reissued an “overweight” rating and issued a $102.00 target price (up from $97.00) on shares of Proofpoint in a research report on Thursday, July 20th. Stifel Nicolaus reissued a “buy” rating on shares of Proofpoint in a research report on Friday, June 23rd. Northland Securities reissued a “buy” rating and issued a $100.00 target price on shares of Proofpoint in a research report on Thursday, September 7th. Robert W. Baird reissued a “hold” rating and issued a $95.00 target price on shares of Proofpoint in a research report on Friday, September 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $115.00 target price on shares of Proofpoint in a research report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company. Proofpoint presently has a consensus rating of “Buy” and an average price target of $99.08.

Several institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank grew its stake in shares of Proofpoint by 0.4% during the 2nd quarter. Comerica Bank now owns 13,207 shares of the software maker’s stock worth $1,210,000 after acquiring an additional 51 shares in the last quarter. Creative Planning grew its stake in shares of Proofpoint by 7.4% during the 2nd quarter. Creative Planning now owns 2,232 shares of the software maker’s stock worth $194,000 after acquiring an additional 154 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Proofpoint by 5.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the software maker’s stock worth $339,000 after acquiring an additional 200 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Proofpoint by 3.8% during the 2nd quarter. Principal Financial Group Inc. now owns 5,976 shares of the software maker’s stock worth $519,000 after acquiring an additional 216 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Proofpoint by 1.0% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 22,631 shares of the software maker’s stock worth $1,965,000 after acquiring an additional 222 shares in the last quarter.

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.

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

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