Proofpoint Inc (NASDAQ:PFPT) CEO Gary Steele sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $86.28, for a total value of $3,451,200.00. Following the completion of the transaction, the chief executive officer now directly owns 88,551 shares of the company’s stock, valued at $7,640,180.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, November 16th, Gary Steele sold 40,000 shares of Proofpoint stock. The shares were sold at an average price of $90.88, for a total value of $3,635,200.00.
  • On Friday, October 6th, Gary Steele sold 40,000 shares of Proofpoint stock. The shares were sold at an average price of $92.35, for a total value of $3,694,000.00.
  • On Thursday, September 14th, Gary Steele sold 40,000 shares of Proofpoint stock. The shares were sold at an average price of $88.60, for a total value of $3,544,000.00.

Shares of Proofpoint Inc (PFPT) traded down $3.14 during midday trading on Wednesday, hitting $84.07. The company had a trading volume of 891,700 shares, compared to its average volume of 634,544. The company has a debt-to-equity ratio of 11.57, a current ratio of 1.51 and a quick ratio of 1.51. Proofpoint Inc has a 52-week low of $69.23 and a 52-week high of $97.92.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.07. Proofpoint had a negative return on equity of 158.19% and a negative net margin of 20.19%. The firm had revenue of $134.30 million during the quarter, compared to the consensus estimate of $131.48 million. During the same period last year, the company earned $0.19 earnings per share. The company’s revenue for the quarter was up 34.6% on a year-over-year basis. sell-side analysts predict that Proofpoint Inc will post -0.88 earnings per share for the current fiscal year.

PFPT has been the subject of several research analyst reports. FBN Securities reissued an “outperform” rating and issued a $105.00 price objective (up from $100.00) on shares of Proofpoint in a report on Saturday, September 9th. Robert W. Baird reissued a “hold” rating and issued a $100.00 price objective on shares of Proofpoint in a report on Tuesday, November 7th. Cowen initiated coverage on Proofpoint in a report on Thursday, August 17th. They issued an “outperform” rating and a $105.00 price objective for the company. Deutsche Bank reissued a “buy” rating and issued a $114.00 price objective (up from $100.00) on shares of Proofpoint in a report on Wednesday, October 18th. Finally, Monness Crespi & Hardt initiated coverage on Proofpoint in a report on Monday, October 16th. They issued a “buy” rating and a $110.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $102.09.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. purchased a new position in Proofpoint in the second quarter worth $253,000. Federated Investors Inc. PA raised its position in Proofpoint by 63.8% in the second quarter. Federated Investors Inc. PA now owns 85,435 shares of the software maker’s stock worth $7,419,000 after acquiring an additional 33,290 shares in the last quarter. Artisan Partners Limited Partnership raised its position in Proofpoint by 20.4% in the second quarter. Artisan Partners Limited Partnership now owns 2,786,122 shares of the software maker’s stock worth $241,919,000 after acquiring an additional 472,407 shares in the last quarter. Brighton Jones LLC purchased a new position in Proofpoint in the second quarter worth $285,000. Finally, ETF Managers Group LLC purchased a new position in Proofpoint in the second quarter worth $43,157,000.

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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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