Gary Steele Sells 20,000 Shares of Proofpoint Inc. (PFPT) Stock
Proofpoint Inc. (NASDAQ:PFPT) CEO Gary Steele sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $84.07, for a total transaction of $1,681,400.00. Following the completion of the sale, the chief executive officer now directly owns 34,629 shares of the company’s stock, valued at approximately $2,911,260.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Gary Steele also recently made the following trade(s):
- On Tuesday, October 4th, Gary Steele sold 20,000 shares of Proofpoint stock. The shares were sold at an average price of $73.93, for a total transaction of $1,478,600.00.
Shares of Proofpoint Inc. (NASDAQ:PFPT) opened at 80.29 on Wednesday. The stock has a 50 day moving average of $77.50 and a 200-day moving average of $71.25. The company’s market capitalization is $3.41 billion. Proofpoint Inc. has a one year low of $35.56 and a one year high of $88.00.
Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings data on Thursday, October 20th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.05 by $0.14. The business had revenue of $99.80 million for 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 company’s revenue for the quarter was up 44.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. On average, equities analysts forecast that Proofpoint Inc. will post $0.32 earnings per share for the current fiscal year.
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A number of brokerages recently weighed in on PFPT. BTIG Research reissued a “buy” rating and issued a $32.00 price target on shares of Proofpoint in a report on Friday, October 21st. Robert W. Baird started coverage on shares of Proofpoint in a report on Monday, November 14th. They set an “outperform” rating and a $92.00 target price for the company. Wunderlich started 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. FBR & Co reaffirmed an “outperform” rating on shares of Proofpoint in a report on Thursday, August 25th. Finally, Piper Jaffray Cos. set a $90.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a report on Friday, October 21st. Two research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $79.33.
Hedge funds have recently made changes to their positions in the company. 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 in the last quarter. 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 in 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 in the last quarter. BOKF NA bought a new stake in shares of Proofpoint during the second quarter valued at approximately $193,000. Finally, Mizuho Asset Management Co. Ltd. bought a new stake in shares of Proofpoint during the second quarter valued at approximately $197,000.
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.
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