Proofpoint Inc. (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $85.15, for a total transaction of $425,750.00. Following the transaction, the chairman now directly owns 121,215 shares of the company’s stock, valued at $10,321,457.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eric Hahn also recently made the following trade(s):

  • On Thursday, October 6th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $72.90, for a total transaction of $364,500.00.
  • On Wednesday, September 28th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $77.82, for a total transaction of $389,100.00.

Proofpoint Inc. (NASDAQ:PFPT) opened at 83.99 on Friday. The company has a 50-day moving average of $76.86 and a 200 day moving average of $70.62. Proofpoint Inc. has a 1-year low of $35.56 and a 1-year high of $88.00. The stock’s market cap is $3.57 billion.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.05 by $0.14. The company earned $99.80 million during the quarter, compared to analyst estimates of $94.27 million. Proofpoint had a negative net margin of 34.83% and a negative return on equity of 119.85%. The firm’s revenue was up 44.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.06) EPS. Analysts predict that Proofpoint Inc. will post $0.32 EPS for the current year.

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

PFPT has been the subject of several research reports. Rosenblatt Securities initiated coverage on shares of Proofpoint in a report on Monday, August 1st. They set a “buy” rating and a $95.00 price objective for the company. Needham & Company LLC initiated coverage on shares of Proofpoint in a report on Monday, August 1st. They set a “buy” rating and a $88.00 target price for the company. Summit Redstone set a $90.00 target price on shares of Proofpoint and gave the company a “buy” rating in a report on Tuesday, August 16th. FBR & Co reaffirmed an “outperform” rating on shares of Proofpoint in a report on Thursday, August 25th. Finally, Wunderlich initiated coverage on shares of Proofpoint in a report on Tuesday, September 13th. They set a “buy” rating and a $90.00 target price for the company. Two research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Proofpoint presently has a consensus rating of “Buy” and a consensus target price of $79.33.

A number of large investors have recently modified their holdings of the company. US Bancorp DE raised its stake in shares of 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. BlackRock Inc. raised its stake in shares of 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. BlackRock Japan Co. Ltd raised its stake in shares of Proofpoint by 360.2% in the third quarter. BlackRock Japan Co. Ltd now owns 1,919 shares of the company’s stock valued at $144,000 after buying an additional 1,502 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of 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. Finally, BOKF NA bought a new stake in shares of Proofpoint during the second quarter valued at approximately $193,000.

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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.

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