Proofpoint (NASDAQ:PFPT) had its price objective increased by Monness Crespi & Hardt from $110.00 to $115.00 in a report released on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the software maker’s stock.

Several other equities analysts have also recently commented on PFPT. Robert W. Baird restated a hold rating and issued a $95.00 target price on shares of Proofpoint in a research report on Friday, October 13th. Piper Jaffray Companies set a $100.00 target price on shares of Proofpoint and gave the company a buy rating in a research report on Sunday, October 15th. Stifel Nicolaus set a $100.00 target price on shares of Proofpoint and gave the company a buy rating in a research report on Monday, October 16th. Deutsche Bank restated a buy rating and issued a $114.00 target price (up from $100.00) on shares of Proofpoint in a research report on Wednesday, October 18th. Finally, Evercore ISI set a $105.00 target price on shares of Proofpoint and gave the company a buy rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Proofpoint currently has a consensus rating of Buy and an average price target of $107.63.

Shares of Proofpoint (NASDAQ:PFPT) opened at $97.05 on Wednesday. Proofpoint has a 12 month low of $70.30 and a 12 month high of $104.62. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 11.57. The firm has a market cap of $4,550.00, a PE ratio of -50.55 and a beta of 1.39.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.08. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 131.99%. The business had revenue of $145.40 million during the quarter, compared to analysts’ expectations of $139.61 million. During the same quarter in the previous year, the company earned $0.18 EPS. The business’s revenue was up 36.1% on a year-over-year basis. equities analysts expect that Proofpoint will post -0.68 earnings per share for the current fiscal year.

In related news, EVP Tracey Newell sold 8,183 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $96.54, for a total transaction of $789,986.82. Following the completion of the transaction, the executive vice president now directly owns 23,376 shares in the company, valued at approximately $2,256,719.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP David Knight sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $88.99, for a total transaction of $266,970.00. Following the transaction, the executive vice president now owns 16,874 shares of the company’s stock, valued at $1,501,617.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,549 shares of company stock valued at $14,900,426. 5.96% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in PFPT. PNC Financial Services Group Inc. grew its holdings 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 acquiring an additional 200 shares during the last quarter. Principal Financial Group Inc. grew its holdings 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 acquiring an additional 216 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in Proofpoint by 6.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,771 shares of the software maker’s stock worth $327,000 after acquiring an additional 245 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Proofpoint by 17.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,724 shares of the software maker’s stock worth $235,000 after acquiring an additional 409 shares during the last quarter. Finally, BlueCrest Capital Management Ltd grew its holdings in Proofpoint by 10.4% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 4,472 shares of the software maker’s stock worth $388,000 after acquiring an additional 422 shares during 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.

Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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