Equities researchers at Oppenheimer Holdings, Inc. assumed coverage on shares of Proofpoint, Inc. (NASDAQ:PFPT) in a report issued on Wednesday. The firm set a “market perform” rating on the software maker’s stock.

A number of other brokerages have also commented on PFPT. Piper Jaffray Companies set a $105.00 target price on Proofpoint and gave the company a “buy” rating in a research report on Friday, October 20th. Robert W. Baird reiterated a “hold” rating and issued a $100.00 target price (up previously from $95.00) on shares of Proofpoint in a research report on Friday, October 20th. Evercore ISI set a $105.00 target price on Proofpoint and gave the company a “buy” rating in a research report on Friday, October 20th. Imperial Capital upped their target price on Proofpoint from $102.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Finally, Stifel Nicolaus set a $100.00 target price on Proofpoint and gave the company a “buy” rating in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $101.70.

Proofpoint (NASDAQ:PFPT) traded down 1.46% during trading on Wednesday, hitting $91.06. 70,496 shares of the company were exchanged. Proofpoint has a 1-year low of $69.19 and a 1-year high of $97.92. The stock’s market capitalization is $4.05 billion. The firm’s 50 day moving average price is $91.32 and its 200-day moving average price is $87.39.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $131.48 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. Equities analysts predict that Proofpoint will post $0.75 EPS for the current year.

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In other news, CEO Gary Steele sold 40,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $89.54, for a total transaction of $3,581,600.00. Following the transaction, the chief executive officer now owns 88,551 shares in the company, valued at approximately $7,928,856.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Tracey Newell sold 8,183 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $88.59, for a total value of $724,931.97. Following the transaction, the executive vice president now owns 25,762 shares in the company, valued at approximately $2,282,255.58. The disclosure for this sale can be found here. Insiders have sold a total of 168,549 shares of company stock worth $15,226,339 in the last quarter. Insiders own 6.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of PFPT. D.A. Davidson & CO. raised its stake in Proofpoint by 57.9% in the 2nd quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock valued at $102,000 after purchasing an additional 431 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Proofpoint by 242.3% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,578 shares of the software maker’s stock valued at $113,000 after purchasing an additional 1,117 shares during the last quarter. FNY Partners Fund LP acquired a new position in Proofpoint in the 4th quarter valued at $141,000. BlackRock Inc. raised its stake in Proofpoint by 122.6% in the 1st quarter. BlackRock Inc. now owns 2,684 shares of the software maker’s stock valued at $143,000 after purchasing an additional 1,478 shares during the last quarter. Finally, BlackRock Japan Co. Ltd raised its stake in Proofpoint by 360.2% in the 3rd quarter. BlackRock Japan Co. Ltd now owns 1,919 shares of the software maker’s stock valued at $144,000 after purchasing an additional 1,502 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.

Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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