Proofpoint Inc. (NASDAQ:PFPT) CEO Gary Steele sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $73.93, for a total value of $1,478,600.00. Following the completion of the sale, the chief executive officer now directly owns 34,629 shares in the company, valued at $2,560,121.97. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Thursday, August 25th, Gary Steele sold 20,000 shares of Proofpoint stock. The stock was sold at an average price of $76.10, for a total value of $1,522,000.00.
  • On Tuesday, July 12th, Gary Steele sold 20,000 shares of Proofpoint stock. The stock was sold at an average price of $67.45, for a total value of $1,349,000.00.

Shares of Proofpoint Inc. (NASDAQ:PFPT) opened at 73.47 on Monday. The company’s market capitalization is $3.09 billion. The stock has a 50 day moving average price of $76.16 and a 200-day moving average price of $65.12. Proofpoint Inc. has a one year low of $35.56 and a one year high of $80.68.

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 consensus estimate of ($0.07) by $0.13. The company earned $89.90 million during the quarter, compared to the consensus estimate of $84.22 million. Proofpoint had a negative return on equity of 120.27% and a negative net margin of 41.46%. Equities research analysts predict that Proofpoint Inc. will post $0.09 earnings per share for the current fiscal year.

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

A number of analysts have issued reports on the company. Wells Fargo & Co. reissued a “buy” rating on shares of Proofpoint in a research note on Sunday, September 25th. Summit Redstone assumed coverage on Proofpoint in a research note on Tuesday, August 16th. They issued a “buy” rating and a $90.00 price target on the stock. Wunderlich assumed coverage on Proofpoint in a research note on Tuesday, September 13th. They issued a “buy” rating and a $90.00 price target on the stock. Rosenblatt Securities assumed coverage on Proofpoint in a research note on Monday, August 1st. They issued a “buy” rating and a $95.00 price target on the stock. Finally, FBR & Co reissued an “outperform” rating on shares of Proofpoint in a research note on Thursday, August 25th. Three analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Proofpoint presently has an average rating of “Buy” and a consensus target price of $79.44.

Several hedge funds have recently added to or reduced their stakes in PFPT. Hunt Lane Capital LP bought a new stake in Proofpoint during the first quarter valued at about $43,024,000. Jericho Capital Asset Management L.P. increased its stake in Proofpoint by 71.0% in the first quarter. Jericho Capital Asset Management L.P. now owns 1,406,938 shares of the company’s stock valued at $75,665,000 after buying an additional 584,125 shares during the period. Lord Abbett & CO. LLC bought a new stake in Proofpoint during the second quarter valued at about $26,398,000. HHR Asset Management LLC bought a new stake in Proofpoint during the second quarter valued at about $15,927,000. Finally, Thrax Management LLC increased its stake in Proofpoint by 204.5% in the first quarter. Thrax Management LLC now owns 347,058 shares of the company’s stock valued at $18,665,000 after buying an additional 233,084 shares during the period.

About Proofpoint

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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