Proofpoint Inc (NASDAQ:PFPT) CEO Gary Steele sold 40,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $86.28, for a total transaction of $3,451,200.00. Following the completion of the sale, the chief executive officer now owns 88,551 shares in the company, valued at $7,640,180.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Gary Steele also recently made the following trade(s):

  • On Thursday, November 16th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $90.88, for a total transaction of $3,635,200.00.
  • On Friday, October 6th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $92.35, for a total transaction of $3,694,000.00.
  • On Thursday, September 14th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $88.60, for a total transaction of $3,544,000.00.

Proofpoint Inc (NASDAQ PFPT) traded up $2.06 during midday trading on Friday, hitting $86.30. 463,100 shares of the stock were exchanged, compared to its average volume of 633,394. Proofpoint Inc has a one year low of $69.23 and a one year high of $97.92. The company has a debt-to-equity ratio of 11.57, a current ratio of 1.51 and a quick ratio of 1.51.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, October 19th. The software maker reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. The company had revenue of $134.30 million during the quarter, compared to the consensus estimate of $131.48 million. During the same quarter in the prior year, the company posted $0.19 EPS. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. analysts expect that Proofpoint Inc will post -0.88 earnings per share for the current fiscal year.

Several research analysts recently weighed in on PFPT shares. Monness Crespi & Hardt started coverage on shares of Proofpoint in a research note on Monday, October 16th. They issued a “buy” rating and a $110.00 target price for the company. Oppenheimer started coverage on shares of Proofpoint in a research note on Wednesday, November 1st. They issued a “market perform” rating for the company. Needham & Company LLC reissued a “buy” rating and issued a $115.00 target price on shares of Proofpoint in a research note on Monday, September 11th. Macquarie reissued an “outperform” rating and issued a $103.00 target price on shares of Proofpoint in a research note on Tuesday, September 26th. Finally, BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Proofpoint has an average rating of “Buy” and an average price target of $102.09.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank increased its position in Proofpoint by 0.4% during the 2nd quarter. Comerica Bank now owns 13,207 shares of the software maker’s stock worth $1,210,000 after purchasing an additional 51 shares in the last quarter. Creative Planning increased its position in Proofpoint by 7.4% during the 2nd quarter. Creative Planning now owns 2,232 shares of the software maker’s stock worth $194,000 after purchasing an additional 154 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Proofpoint by 5.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the software maker’s stock worth $339,000 after purchasing an additional 200 shares in the last quarter. Principal Financial Group Inc. increased its position in Proofpoint by 3.8% during the 2nd quarter. Principal Financial Group Inc. now owns 5,976 shares of the software maker’s stock worth $519,000 after purchasing an additional 216 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in Proofpoint by 1.0% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 22,631 shares of the software maker’s stock worth $1,965,000 after purchasing an additional 222 shares in the last quarter.

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Proofpoint Company Profile

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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