Proofpoint Inc (NASDAQ:PFPT) EVP David Knight sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $85.47, for a total value of $256,410.00. Following the sale, the executive vice president now directly owns 15,305 shares of the company’s stock, valued at approximately $1,308,118.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Knight also recently made the following trade(s):

  • On Monday, November 13th, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $88.99, for a total value of $266,970.00.
  • On Tuesday, October 3rd, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $88.99, for a total value of $266,970.00.
  • On Tuesday, September 19th, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $91.19, for a total value of $273,570.00.

Proofpoint Inc (NASDAQ:PFPT) traded up $1.91 on Monday, hitting $87.86. The stock had a trading volume of 406,302 shares, compared to its average volume of 631,721. The company has a debt-to-equity ratio of 11.57, a quick ratio of 1.51 and a current ratio of 1.51. Proofpoint Inc has a twelve month low of $69.23 and a twelve month high of $97.92.

Proofpoint (NASDAQ:PFPT) last posted its earnings results on Thursday, October 19th. The software maker reported $0.25 EPS for the quarter, topping the Zacks’ 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 business had revenue of $134.30 million for the quarter, compared to analysts’ expectations of $131.48 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The business’s revenue was up 34.6% compared to the same quarter last year. equities research analysts anticipate that Proofpoint Inc will post -0.88 EPS for the current year.

PFPT has been the subject of several recent analyst reports. Northland Securities reissued a “buy” rating and set a $100.00 target price on shares of Proofpoint in a research note on Thursday, September 7th. Evercore ISI set a $105.00 price target on Proofpoint and gave the stock a “buy” rating in a research report on Friday, October 20th. UBS began coverage on Proofpoint in a research report on Tuesday, October 31st. They set a “market perform” rating for the company. Piper Jaffray Companies set a $105.00 price target on Proofpoint and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Robert W. Baird restated a “hold” rating and set a $95.00 price target on shares of Proofpoint in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, six have assigned 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 $102.09.

A number of hedge funds have recently modified their holdings of PFPT. TIAA CREF Investment Management LLC increased its position in Proofpoint by 249.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 823,521 shares of the software maker’s stock valued at $71,506,000 after acquiring an additional 588,015 shares during the period. JPMorgan Chase & Co. increased its position in Proofpoint by 133.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 870,784 shares of the software maker’s stock valued at $76,551,000 after acquiring an additional 498,462 shares during the period. ETF Managers Group LLC acquired a new position in Proofpoint in the 2nd quarter valued at about $43,157,000. Artisan Partners Limited Partnership increased its position in Proofpoint by 20.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,786,122 shares of the software maker’s stock valued at $241,919,000 after acquiring an additional 472,407 shares during the period. Finally, BlackRock Inc. increased its position in Proofpoint by 9.7% in the 2nd quarter. BlackRock Inc. now owns 3,503,427 shares of the software maker’s stock valued at $304,204,000 after acquiring an additional 309,998 shares during the period.

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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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