Proofpoint, Inc. (NASDAQ:PFPT) – Investment analysts at Dougherty & Co issued their FY2017 earnings estimates for Proofpoint in a research report issued on Monday. Dougherty & Co analyst C. Trebnick expects that the software maker will earn ($0.88) per share for the year. Dougherty & Co currently has a “Buy” rating and a $100.00 target price on the stock. Dougherty & Co also issued estimates for Proofpoint’s Q4 2017 earnings at ($0.24) EPS.

Several other analysts also recently weighed in on PFPT. Northland Securities reissued a “buy” rating and set a $100.00 target price on shares of Proofpoint in a research report on Friday, June 30th. Wedbush reissued an “outperform” rating and set a $93.00 target price (down previously from $98.00) on shares of Proofpoint in a research report on Friday, July 14th. Morgan Stanley reissued an “overweight” rating and set a $102.00 target price (up previously from $97.00) on shares of Proofpoint in a research report on Thursday, July 20th. Needham & Company LLC initiated coverage on shares of Proofpoint in a research report on Friday, July 21st. They set a “buy” rating and a $115.00 target price on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and set a $90.00 target price on shares of Proofpoint in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the company. Proofpoint has a consensus rating of “Buy” and an average target price of $101.70.

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Shares of Proofpoint (PFPT) opened at 91.42 on Wednesday. Proofpoint has a 12-month low of $69.19 and a 12-month high of $97.92. The stock’s 50 day moving average is $91.45 and its 200-day moving average is $86.88. The stock’s market cap is $4.06 billion.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 152.53%. The firm had revenue of $134.30 million for the quarter, compared to analysts’ expectations of $131.48 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The business’s revenue for the quarter was up 34.6% on a year-over-year basis.

A number of large investors have recently bought and sold shares of PFPT. D.A. Davidson & CO. raised its position in Proofpoint by 57.9% during the second quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock worth $102,000 after acquiring an additional 431 shares during the period. Fortaleza Asset Management Inc. raised its position in Proofpoint by 22.4% during the second quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock worth $147,000 after acquiring an additional 310 shares during the period. Creative Planning raised its position in Proofpoint by 7.4% during the second quarter. Creative Planning now owns 2,232 shares of the software maker’s stock worth $194,000 after acquiring an additional 154 shares during the period. Legato Capital Management LLC acquired a new position in Proofpoint during the second quarter worth $204,000. Finally, Envestnet Asset Management Inc. raised its position in Proofpoint by 18.2% during the first quarter. Envestnet Asset Management Inc. now owns 2,897 shares of the software maker’s stock worth $215,000 after acquiring an additional 446 shares during the period.

In related news, EVP Tracey Newell sold 8,183 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $94.82, for a total value of $775,912.06. Following the completion of the transaction, the executive vice president now directly owns 25,001 shares in the company, valued at approximately $2,370,594.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Knight sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $90.76, for a total transaction of $272,280.00. Following the completion of the transaction, the executive vice president now owns 16,874 shares of the company’s stock, valued at $1,531,484.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 168,549 shares of company stock valued at $15,226,339. Company insiders own 6.80% of the company’s stock.

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.

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