Proofpoint Inc (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $83.71, for a total transaction of $418,550.00. Following the completion of the sale, the chairman now owns 38,201 shares in the company, valued at approximately $3,197,805.71. The sale 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, November 14th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $89.48, for a total transaction of $447,400.00.
  • On Wednesday, October 4th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $89.21, for a total transaction of $446,050.00.
  • 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.

Shares of Proofpoint Inc (PFPT) traded up $0.17 during trading hours on Thursday, reaching $84.24. The company’s stock had a trading volume of 534,600 shares, compared to its average volume of 634,119. Proofpoint Inc has a 12-month low of $69.23 and a 12-month high of $97.92. 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 (NASDAQ:PFPT) last announced its quarterly earnings data 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. The firm had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $131.48 million. Proofpoint had a negative return on equity of 158.19% and a negative net margin of 20.19%. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 EPS. sell-side analysts expect that Proofpoint Inc will post -0.88 EPS for the current year.

PFPT has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Proofpoint from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Cowen initiated coverage on shares of Proofpoint in a research note on Thursday, August 17th. They issued an “outperform” rating and a $105.00 target price on the stock. BidaskClub upgraded shares of Proofpoint from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Royal Bank Of Canada restated a “buy” rating and issued a $103.00 target price on shares of Proofpoint in a research note on Thursday, August 31st. Finally, ValuEngine upgraded shares of Proofpoint from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. One research 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 company. The company presently has an average rating of “Buy” and a consensus price target of $102.09.

Large investors have recently made changes to their positions in the business. D.A. Davidson & CO. raised its holdings in Proofpoint by 57.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock worth $102,000 after purchasing an additional 431 shares during the last quarter. Fortaleza Asset Management Inc. raised its holdings in Proofpoint by 22.4% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock worth $147,000 after purchasing an additional 310 shares during the last quarter. Creative Planning raised its holdings in Proofpoint by 7.4% during the 2nd quarter. Creative Planning now owns 2,232 shares of the software maker’s stock worth $194,000 after purchasing an additional 154 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Proofpoint during the 2nd quarter worth about $215,000. Finally, Bluestein R H & Co. bought a new stake in Proofpoint during the 2nd quarter worth about $217,000.

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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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