Proofpoint Inc. (NASDAQ:PFPT) SVP Robert Darren Lee sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $74.35, for a total transaction of $148,700.00. Following the sale, the senior vice president now directly owns 1,203 shares in the company, valued at approximately $89,443.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Robert Darren Lee also recently made the following trade(s):

  • On Thursday, September 1st, Robert Darren Lee sold 2,000 shares of Proofpoint stock. The stock was sold at an average price of $76.83, for a total transaction of $153,660.00.
  • On Monday, August 1st, Robert Darren Lee sold 2,000 shares of Proofpoint stock. The stock was sold at an average price of $76.05, for a total transaction of $152,100.00.
  • On Monday, July 11th, Robert Darren Lee sold 2,000 shares of Proofpoint stock. The stock was sold at an average price of $68.99, for a total transaction of $137,980.00.

Proofpoint Inc. (NASDAQ:PFPT) opened at 73.18 on Friday. The firm’s market cap is $3.08 billion. Proofpoint Inc. has a 52 week low of $35.56 and a 52 week high of $80.68. The company has a 50-day moving average of $76.24 and a 200 day moving average of $64.97.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.13. Proofpoint had a negative return on equity of 120.27% and a negative net margin of 41.46%. The company earned $89.90 million during the quarter, compared to analysts’ expectations of $84.22 million. On average, equities analysts predict that Proofpoint Inc. will post $0.09 earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in Proofpoint by 5.9% in the second quarter. US Bancorp DE now owns 2,067 shares of the company’s stock valued at $130,000 after buying an additional 115 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Proofpoint by 199.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,417 shares of the company’s stock valued at $152,000 after buying an additional 1,611 shares during the last quarter. BlackRock Inc. boosted its position in Proofpoint by 122.6% in the first quarter. BlackRock Inc. now owns 2,684 shares of the company’s stock valued at $143,000 after buying an additional 1,478 shares during the last quarter. BOKF NA acquired a new position in Proofpoint during the second quarter valued at about $193,000. Finally, Mizuho Asset Management Co. Ltd. acquired a new position in Proofpoint during the second quarter valued at about $197,000.

A number of research firms have weighed in on PFPT. Needham & Company LLC began coverage on shares of Proofpoint in a report on Monday, August 1st. They set a “buy” rating and a $88.00 price objective on the stock. Wunderlich raised their target price on shares of Proofpoint from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, June 9th. FBR & Co restated an “outperform” rating on shares of Proofpoint in a research report on Thursday, August 25th. Wells Fargo & Co. restated a “buy” rating on shares of Proofpoint in a research report on Sunday, September 25th. Finally, Summit Redstone started coverage on shares of Proofpoint in a research report on Tuesday, August 16th. They set a “buy” rating and a $90.00 target price on the stock. Three research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $79.44.

Proofpoint Company Profile

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations around the world. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

5 Day Chart for NASDAQ:PFPT

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