Equities Analysts Issue Forecasts for Proofpoint Inc’s FY2019 Earnings (PFPT)

Proofpoint Inc (NASDAQ:PFPT) – Stock analysts at Wedbush issued their FY2019 earnings estimates for shares of Proofpoint in a research note issued to investors on Wednesday. Wedbush analyst S. Koenig expects that the software maker will earn ($0.59) per share for the year. Wedbush currently has a “Outperform” rating and a $114.00 target price on the stock.

Proofpoint (NASDAQ:PFPT) last posted its earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.08. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 131.99%. The firm had revenue of $145.40 million during the quarter, compared to analysts’ expectations of $139.61 million. During the same period last year, the company posted $0.18 EPS. The company’s quarterly revenue was up 36.1% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus set a $100.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a research report on Monday, October 16th. Dougherty & Co lifted their price target on shares of Proofpoint from $108.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday. TheStreet raised shares of Proofpoint from a “d” rating to a “c-” rating in a research report on Wednesday. Piper Jaffray Companies set a $100.00 price target on shares of Proofpoint and gave the company a “buy” rating in a research report on Sunday, October 15th. Finally, Imperial Capital lifted their price target on shares of Proofpoint from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $107.63.

Proofpoint (NASDAQ PFPT) traded up $4.14 during trading hours on Friday, hitting $97.05. 1,212,171 shares of the stock traded hands, compared to its average volume of 563,690. Proofpoint has a 12-month low of $70.30 and a 12-month high of $104.62. The company has a debt-to-equity ratio of 11.57, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $4,298.06, a PE ratio of -50.59 and a beta of 1.39.

In other Proofpoint news, CEO Gary Steele sold 40,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $90.88, for a total transaction of $3,635,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Knight sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $88.99, for a total transaction of $266,970.00. Following the sale, the executive vice president now owns 16,874 shares of the company’s stock, valued at $1,501,617.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 165,549 shares of company stock valued at $14,900,426. 5.96% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in PFPT. D.A. Davidson & CO. increased its stake in Proofpoint by 57.9% during 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 in the last quarter. Exane Derivatives increased its stake in Proofpoint by 901.8% during the 4th quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock valued at $152,000 after purchasing an additional 1,542 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Proofpoint during the 2nd quarter valued at about $215,000. Gotham Asset Management LLC bought a new stake in Proofpoint during the 2nd quarter valued at about $222,000. Finally, Sigma Planning Corp bought a new stake in Proofpoint during the 4th quarter valued at about $238,000.

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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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