Proofpoint, Inc. (NASDAQ:PFPT) CFO Paul R. Auvil III sold 25,000 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $86.08, for a total transaction of $2,152,000.00. Following the completion of the transaction, the chief financial officer now directly owns 120,478 shares of the company’s stock, valued at approximately $10,370,746.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Proofpoint, Inc. (PFPT) traded up 0.76% during mid-day trading on Friday, hitting $87.45. 595,208 shares of the stock traded hands. The company’s market cap is $3.82 billion. Proofpoint, Inc. has a 12-month low of $57.13 and a 12-month high of $94.33. The firm’s 50-day moving average is $84.49 and its 200-day moving average is $79.01.

Proofpoint (NASDAQ:PFPT) last announced its earnings results on Thursday, April 20th. The software maker reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. The firm had revenue of $113.30 million during the quarter, compared to analyst estimates of $110.60 million. Proofpoint had a negative net margin of 25.63% and a negative return on equity of 126.46%. Proofpoint’s revenue was up 43.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) EPS. Equities research analysts expect that Proofpoint, Inc. will post $0.59 EPS for the current year.

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

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A number of institutional investors have recently made changes to their positions in the stock. A.R.T. Advisors LLC increased its stake in shares of Proofpoint by 239.7% in the fourth quarter. A.R.T. Advisors LLC now owns 23,100 shares of the software maker’s stock worth $1,632,000 after buying an additional 16,300 shares during the last quarter. Northern Trust Corp increased its stake in shares of Proofpoint by 0.6% in the third quarter. Northern Trust Corp now owns 584,319 shares of the software maker’s stock worth $43,737,000 after buying an additional 3,370 shares during the last quarter. Flinton Capital Management LLC acquired a new stake in shares of Proofpoint during the fourth quarter worth $424,000. California State Teachers Retirement System increased its stake in shares of Proofpoint by 0.8% in the third quarter. California State Teachers Retirement System now owns 86,417 shares of the software maker’s stock worth $6,468,000 after buying an additional 700 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Proofpoint during the fourth quarter worth $6,735,000.

Several research firms have recently weighed in on PFPT. Goldman Sachs Group, Inc. (The) downgraded shares of Proofpoint from a “neutral” rating to a “sell” rating and set a $69.00 price target for the company. in a research note on Thursday, March 23rd. Zacks Investment Research downgraded shares of Proofpoint from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Rosenblatt Securities reissued a “buy” rating and set a $95.00 price objective on shares of Proofpoint in a report on Sunday, April 23rd. DA Davidson raised shares of Proofpoint from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $83.00 to $90.00 in a report on Wednesday, April 19th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $90.00 price objective (up from $85.00) on shares of Proofpoint in a report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Proofpoint presently has an average rating of “Buy” and an average price target of $86.95.

About Proofpoint

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

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