Proofpoint, Inc. (NASDAQ:PFPT) CEO Gary Steele sold 40,000 shares of Proofpoint stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $92.35, for a total transaction of $3,694,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Gary Steele also recently made the following trade(s):

  • On Thursday, September 14th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $88.60, for a total transaction of $3,544,000.00.
  • On Tuesday, August 22nd, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $89.54, for a total transaction of $3,581,600.00.
  • On Wednesday, July 12th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $87.11, for a total transaction of $3,484,400.00.

Shares of Proofpoint, Inc. (NASDAQ PFPT) traded down 0.97% during midday trading on Tuesday, hitting $92.67. 364,996 shares of the company traded hands. Proofpoint, Inc. has a 52 week low of $68.04 and a 52 week high of $97.00. The stock’s market capitalization is $4.12 billion. The stock has a 50 day moving average of $90.45 and a 200-day moving average of $85.35.

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 analysts’ consensus estimates of $0.12 by $0.05. The business had revenue of $122.30 million for the quarter, compared to the consensus estimate of $119.58 million. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. Proofpoint’s quarterly revenue was up 36.0% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. Equities analysts forecast that Proofpoint, Inc. will post $0.65 earnings per share for the current fiscal year.

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Several brokerages have weighed in on PFPT. Royal Bank Of Canada reiterated a “buy” rating and issued a $103.00 price objective on shares of Proofpoint in a research note on Thursday, August 31st. Imperial Capital reiterated 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. Cowen and Company began coverage on shares of Proofpoint in a research note on Thursday, August 17th. They issued an “outperform” rating and a $105.00 price objective for the company. BidaskClub upgraded shares of Proofpoint from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Finally, Macquarie reiterated an “outperform” rating and issued a $103.00 price objective on shares of Proofpoint in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Proofpoint has a consensus rating of “Buy” and an average target price of $99.08.

A number of institutional investors and hedge funds have recently made changes to their positions in PFPT. Comerica Bank purchased a new stake in Proofpoint in the first quarter valued at approximately $1,001,000. Karp Capital Management Corp purchased a new stake in Proofpoint in the first quarter valued at approximately $223,000. Envestnet Asset Management Inc. raised its stake in Proofpoint by 18.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,897 shares of the software maker’s stock valued at $215,000 after purchasing an additional 446 shares in the last quarter. American International Group Inc. raised its stake in Proofpoint by 5.2% in the first quarter. American International Group Inc. now owns 24,709 shares of the software maker’s stock valued at $1,837,000 after purchasing an additional 1,229 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Proofpoint by 66.5% in the first quarter. Asset Management One Co. Ltd. now owns 10,863 shares of the software maker’s stock valued at $807,000 after purchasing an additional 4,340 shares in the last quarter.

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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