Insider Selling: Proofpoint Inc (NASDAQ:PFPT) CEO Sells 20,000 Shares of Stock

Proofpoint Inc (NASDAQ:PFPT) CEO Gary Steele sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $123.79, for a total value of $2,475,800.00. Following the transaction, the chief executive officer now owns 100,574 shares of the company’s stock, valued at approximately $12,450,055.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, June 11th, Gary Steele sold 20,000 shares of Proofpoint stock. The shares were sold at an average price of $108.87, for a total value of $2,177,400.00.
  • On Wednesday, May 15th, Gary Steele sold 20,000 shares of Proofpoint stock. The shares were sold at an average price of $118.93, for a total value of $2,378,600.00.

Shares of Proofpoint stock traded up $1.33 on Friday, hitting $125.22. 291,386 shares of the company traded hands, compared to its average volume of 572,773. The company has a 50 day moving average of $114.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.79 and a current ratio of 0.79. Proofpoint Inc has a 52 week low of $75.92 and a 52 week high of $131.43. The stock has a market cap of $6.97 billion, a P/E ratio of -108.89 and a beta of 1.67.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Thursday, April 25th. The software maker reported ($0.33) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.33). Proofpoint had a negative net margin of 15.82% and a negative return on equity of 13.93%. The firm had revenue of $202.90 million during the quarter, compared to the consensus estimate of $199.32 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 24.9% on a year-over-year basis. On average, analysts forecast that Proofpoint Inc will post -0.82 EPS for the current fiscal year.

Several research analysts have issued reports on PFPT shares. Robert W. Baird set a $120.00 target price on BioMarin Pharmaceutical and gave the company a “buy” rating in a research report on Friday, April 26th. Northland Securities boosted their target price on Paycom Software from $215.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday. Monness Crespi & Hardt restated a “buy” rating and set a $137.00 target price (up previously from $120.00) on shares of Proofpoint in a research report on Wednesday, April 17th. KeyCorp boosted their target price on T-Mobile Us from $76.00 to $88.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Bank of America set a $144.00 target price on Walt Disney and gave the company a “buy” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $131.60.

A number of large investors have recently modified their holdings of the stock. MML Investors Services LLC raised its stake in Proofpoint by 0.9% in the fourth quarter. MML Investors Services LLC now owns 9,399 shares of the software maker’s stock worth $788,000 after buying an additional 88 shares in the last quarter. Prudential Financial Inc. raised its stake in Proofpoint by 10.2% in the fourth quarter. Prudential Financial Inc. now owns 2,920 shares of the software maker’s stock worth $245,000 after buying an additional 270 shares in the last quarter. Commerce Bank raised its stake in Proofpoint by 6.4% in the first quarter. Commerce Bank now owns 5,368 shares of the software maker’s stock worth $652,000 after buying an additional 323 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in Proofpoint by 72.0% in the first quarter. Rehmann Capital Advisory Group now owns 786 shares of the software maker’s stock worth $95,000 after buying an additional 329 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its stake in Proofpoint by 1.0% in the first quarter. First Republic Investment Management Inc. now owns 35,979 shares of the software maker’s stock worth $4,369,000 after buying an additional 355 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

About Proofpoint

Proofpoint, Inc operates as a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

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