Proofpoint, Inc. (PFPT) Chairman Eric Hahn Sells 5,000 Shares
Proofpoint, Inc. (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $91.09, for a total value of $455,450.00. Following the completion of the sale, the chairman now owns 58,701 shares in the company, valued at $5,347,074.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Eric Hahn also recently made the following trade(s):
- On Monday, July 10th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $85.51, for a total value of $427,550.00.
- On Tuesday, June 6th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $89.03, for a total value of $445,150.00.
Proofpoint, Inc. (NASDAQ PFPT) traded down 0.32% during midday trading on Tuesday, hitting $90.43. The stock had a trading volume of 390,371 shares. The stock’s 50-day moving average is $88.27 and its 200-day moving average is $83.10. Proofpoint, Inc. has a 1-year low of $68.04 and a 1-year high of $94.33. The company’s market capitalization is $4.02 billion.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Thursday, July 27th. The software maker reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. The company had revenue of $122.30 million during the quarter, compared to the consensus estimate of $119.58 million. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. Proofpoint’s quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. Equities research analysts forecast that Proofpoint, Inc. will post $0.65 EPS for the current year.
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A number of research firms recently issued reports on PFPT. Cowen and Company began coverage on Proofpoint in a research note on Thursday, August 17th. They set an “outperform” rating and a $105.00 price objective on the stock. BidaskClub upgraded Proofpoint from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research lowered Proofpoint from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Imperial Capital reiterated an “outperform” rating and set a $102.00 price objective (up from $100.00) on shares of Proofpoint in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies set a $100.00 price objective on Proofpoint and gave the company a “buy” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-one have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $93.43.
A number of hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. acquired a new stake in Proofpoint during the first quarter worth approximately $394,000. Credit Agricole S A acquired a new stake in Proofpoint during the first quarter worth approximately $871,000. Nordea Investment Management AB acquired a new stake in Proofpoint during the first quarter worth approximately $1,485,000. Swiss National Bank increased its stake in Proofpoint by 1.2% in the first quarter. Swiss National Bank now owns 66,452 shares of the software maker’s stock worth $4,941,000 after buying an additional 800 shares during the last quarter. Finally, Commerce Bank increased its stake in Proofpoint by 13.0% in the first quarter. Commerce Bank now owns 4,000 shares of the software maker’s stock worth $298,000 after buying an additional 460 shares during the last quarter.
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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