Proofpoint, Inc. (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $89.21, for a total transaction of $446,050.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Eric Hahn also recently made the following trade(s):

  • On Tuesday, September 12th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $90.53, for a total transaction of $452,650.00.
  • On Friday, August 25th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $91.09, for a total transaction of $455,450.00.
  • On Monday, July 10th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $85.51, for a total transaction of $427,550.00.

Shares of Proofpoint, Inc. (NASDAQ:PFPT) traded up 1.58% during midday trading on Thursday, hitting $92.30. 439,263 shares of the stock were exchanged. Proofpoint, Inc. has a 12 month low of $68.04 and a 12 month high of $97.00. The firm has a 50 day moving average of $89.99 and a 200-day moving average of $84.96. The stock’s market cap is $4.10 billion.

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

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Several equities analysts recently commented on PFPT shares. Needham & Company LLC started coverage on shares of Proofpoint in a report on Friday, July 21st. They set a “buy” rating and a $115.00 target price on the stock. Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Tuesday, August 1st. Deutsche Bank AG increased their target price on shares of Proofpoint from $95.00 to $100.00 and gave the company a “buy” rating in a report on Friday, September 8th. BTIG Research reaffirmed a “buy” rating and set a $110.00 target price on shares of Proofpoint in a report on Monday, September 11th. Finally, Northland Securities reaffirmed a “buy” rating and set a $100.00 target price on shares of Proofpoint in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $99.08.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Proofpoint in the second quarter worth about $215,000. Wasatch Advisors Inc. grew its holdings in shares of Proofpoint by 52.2% in the second quarter. Wasatch Advisors Inc. now owns 728,526 shares of the software maker’s stock worth $63,258,000 after purchasing an additional 249,919 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Proofpoint by 46.1% in the second quarter. Public Employees Retirement System of Ohio now owns 20,142 shares of the software maker’s stock worth $1,749,000 after purchasing an additional 6,357 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Proofpoint by 41.9% in the second quarter. Sterling Capital Management LLC now owns 33,497 shares of the software maker’s stock worth $2,909,000 after purchasing an additional 9,884 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of Proofpoint by 6.9% in the second quarter. Ameritas Investment Partners Inc. now owns 3,771 shares of the software maker’s stock worth $327,000 after purchasing an additional 245 shares during 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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