Wall Street analysts expect Proofpoint, Inc. (NASDAQ:PFPT) to post $132.18 million in sales for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Proofpoint’s earnings. The highest sales estimate is $134.39 million and the lowest is $130.94 million. Proofpoint reported sales of $99.78 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 32.5%. The company is expected to issue its next quarterly earnings results on Thursday, October 19th.

According to Zacks, analysts expect that Proofpoint will report full year sales of $132.18 million for the current financial year, with estimates ranging from $504.50 million to $510.00 million. For the next financial year, analysts anticipate that the firm will post sales of $651.74 million per share, with estimates ranging from $641.88 million to $682.40 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Proofpoint.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Thursday, July 27th. The software maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.05. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. The company had revenue of $122.30 million during the quarter, compared to analyst estimates of $119.58 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 36.0% compared to the same quarter last year.

A number of equities research analysts recently issued reports on PFPT shares. Northland Securities reiterated a “buy” rating and issued a $100.00 price objective on shares of Proofpoint in a report on Friday, June 30th. Stifel Nicolaus reissued a “buy” rating on shares of Proofpoint in a research report on Friday, June 23rd. Evercore ISI set a $105.00 target price on Proofpoint and gave the company a “buy” rating in a report on Friday, July 28th. Needham & Company LLC began coverage on Proofpoint in a report on Friday, July 21st. They set a “buy” rating and a $115.00 target price on the stock. Finally, Dougherty & Co boosted their price target on Proofpoint from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $99.08.

Proofpoint (PFPT) opened at 88.68 on Tuesday. The company’s 50 day moving average is $89.87 and its 200 day moving average is $84.86. Proofpoint has a 12-month low of $68.04 and a 12-month high of $97.00. The firm’s market cap is $3.94 billion.

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In other news, EVP Bhagwat Swaroop sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $85.17, for a total transaction of $425,850.00. Following the sale, the executive vice president now directly owns 13,161 shares in the company, valued at $1,120,922.37. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Knight sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $84.54, for a total value of $253,620.00. Following the sale, the executive vice president now owns 16,874 shares in the company, valued at $1,426,527.96. The disclosure for this sale can be found here. Insiders have sold 173,549 shares of company stock worth $15,363,769 over the last 90 days. Corporate insiders own 6.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of PFPT. BlackRock Inc. increased its holdings in Proofpoint by 22,439.7% in the 1st quarter. BlackRock Inc. now owns 3,193,429 shares of the software maker’s stock valued at $237,464,000 after buying an additional 3,179,261 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Proofpoint by 249.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 823,521 shares of the software maker’s stock valued at $71,506,000 after buying an additional 588,015 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of Proofpoint in the 2nd quarter valued at $43,157,000. Artisan Partners Limited Partnership raised its stake in shares of Proofpoint by 20.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,786,122 shares of the software maker’s stock valued at $241,919,000 after buying an additional 472,407 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Proofpoint by 86.8% in the 2nd quarter. Teachers Advisors LLC now owns 549,680 shares of the software maker’s stock valued at $47,729,000 after buying an additional 255,391 shares in the last quarter.

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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