Proofpoint, Inc. (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $85.51, for a total transaction of $427,550.00. Following the completion of the sale, the chairman now directly owns 63,001 shares in the company, valued at approximately $5,387,215.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, June 6th, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $89.03, for a total transaction of $445,150.00.
  • On Tuesday, May 23rd, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $83.61, for a total transaction of $418,050.00.

Proofpoint, Inc. (NASDAQ:PFPT) traded down 0.19% during trading on Friday, hitting $86.28. 317,316 shares of the stock were exchanged. The firm’s 50 day moving average price is $87.69 and its 200-day moving average price is $82.18. Proofpoint, Inc. has a 1-year low of $68.04 and a 1-year high of $94.33. The stock’s market cap is $3.83 billion.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, July 27th. The software maker reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. Proofpoint had a negative return on equity of 140.24% and a negative net margin of 20.96%. The firm had revenue of $122.30 million during the quarter, compared to the consensus estimate of $119.58 million. During the same quarter in the prior year, the firm posted $0.06 EPS. The business’s revenue was up 36.0% on a year-over-year basis. On average, analysts anticipate that Proofpoint, Inc. will post $0.65 EPS for the current year.

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PFPT has been the topic of several research analyst reports. BidaskClub cut shares of Proofpoint from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Piper Jaffray Companies set a $100.00 target price on shares of Proofpoint and gave the company a “buy” rating in a research note on Thursday, July 27th. Imperial Capital reissued an “outperform” rating and set a $102.00 target price (up previously from $100.00) on shares of Proofpoint in a research note on Wednesday. Northland Securities set a $100.00 target price on shares of Proofpoint and gave the company a “buy” rating in a research note on Thursday. Finally, Royal Bank Of Canada raised their target price on shares of Proofpoint from $100.00 to $103.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $92.78.

A number of institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its stake in Proofpoint by 242.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,578 shares of the software maker’s stock valued at $113,000 after buying an additional 1,117 shares during the last quarter. Fortaleza Asset Management Inc. increased its stake in Proofpoint by 22.4% in the second quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock valued at $147,000 after buying an additional 310 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Proofpoint by 400.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,500 shares of the software maker’s stock valued at $185,000 after buying an additional 2,000 shares during the last quarter. Creative Planning increased its stake in Proofpoint by 7.4% in the second quarter. Creative Planning now owns 2,232 shares of the software maker’s stock valued at $194,000 after buying an additional 154 shares during the last quarter. Finally, Legato Capital Management LLC bought a new stake in Proofpoint during the second quarter valued at approximately $204,000.

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.

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

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