Proofpoint Inc (NASDAQ:PFPT) EVP David Knight Sells 8,500 Shares

Proofpoint Inc (NASDAQ:PFPT) EVP David Knight sold 8,500 shares of Proofpoint stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $123.67, for a total value of $1,051,195.00. Following the sale, the executive vice president now directly owns 9,780 shares in the company, valued at $1,209,492.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Wednesday, June 12th, David Knight sold 1,500 shares of Proofpoint stock. The shares were sold at an average price of $109.39, for a total value of $164,085.00.
  • On Tuesday, May 21st, David Knight sold 1,500 shares of Proofpoint stock. The shares were sold at an average price of $118.45, for a total value of $177,675.00.

PFPT stock traded up $1.33 during mid-day trading on Friday, reaching $125.22. The company’s stock had a trading volume of 291,386 shares, compared to its average volume of 572,773. The company has a market capitalization of $6.97 billion, a P/E ratio of -108.89 and a beta of 1.67. The business’s 50 day moving average price is $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 12 month low of $75.92 and a 12 month high of $131.43.

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

A number of analysts have recently commented on the company. Deutsche Bank cut their price target on Xilinx from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Mizuho began coverage on Fortinet in a research report on Tuesday, March 26th. They set a “neutral” rating and a $90.00 price objective for the company. Wells Fargo & Co set a $95.00 price objective on Westinghouse Air Brake Technologies and gave the stock a “buy” rating in a research report on Friday, April 26th. Morgan Stanley set a $10.00 price objective on Ford Motor and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, Robert W. Baird set a $120.00 price objective on BioMarin Pharmaceutical and gave the stock a “buy” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $131.60.

A number of hedge funds have recently modified their holdings of PFPT. Manchester Capital Management LLC bought a new stake in shares of Proofpoint during the first quarter valued at approximately $56,000. Rehmann Capital Advisory Group increased its holdings in shares of Proofpoint by 72.0% during the first quarter. Rehmann Capital Advisory Group now owns 786 shares of the software maker’s stock valued at $95,000 after acquiring an additional 329 shares in the last quarter. World Asset Management Inc bought a new stake in shares of Proofpoint during the first quarter valued at approximately $207,000. Comerica Bank bought a new stake in shares of Proofpoint during the first quarter valued at approximately $218,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Proofpoint during the first quarter valued at approximately $222,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Proofpoint Company Profile

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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