Proofpoint Inc (NASDAQ:PFPT) has earned an average recommendation of “Buy” from the twenty-three research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $131.95.

Several research analysts have recently issued reports on PFPT shares. Deutsche Bank increased their target price on Proofpoint from $95.00 to $125.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Morgan Stanley set a $120.00 target price on Proofpoint and gave the company a “buy” rating in a research note on Saturday, February 2nd. Citigroup increased their target price on Proofpoint to $117.00 and gave the company a “buy” rating in a research note on Monday, February 4th. BidaskClub upgraded Proofpoint from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Finally, ValuEngine downgraded Proofpoint from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th.

In other news, CFO Paul R. Auvil III sold 30,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $120.86, for a total value of $3,625,800.00. Following the transaction, the chief financial officer now directly owns 106,208 shares in the company, valued at approximately $12,836,298.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gary Steele sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $122.16, for a total value of $2,443,200.00. Following the completion of the transaction, the chief executive officer now owns 162,209 shares in the company, valued at $19,815,451.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 169,227 shares of company stock worth $20,452,648. Company insiders own 2.93% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. MML Investors Services LLC increased its holdings in shares of Proofpoint by 0.9% in the fourth quarter. MML Investors Services LLC now owns 9,399 shares of the software maker’s stock worth $788,000 after purchasing an additional 88 shares during the last quarter. Utah Retirement Systems increased its holdings in shares of Proofpoint by 1.6% in the first quarter. Utah Retirement Systems now owns 9,449 shares of the software maker’s stock worth $1,147,000 after purchasing an additional 149 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Proofpoint by 10.4% in the first quarter. Riverhead Capital Management LLC now owns 1,693 shares of the software maker’s stock worth $205,000 after purchasing an additional 160 shares during the last quarter. Brandywine Managers LLC increased its holdings in shares of Proofpoint by 8.3% in the fourth quarter. Brandywine Managers LLC now owns 2,600 shares of the software maker’s stock worth $218,000 after purchasing an additional 200 shares during the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of Proofpoint by 4.7% in the fourth quarter. Alps Advisors Inc. now owns 4,744 shares of the software maker’s stock worth $398,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 94.79% of the company’s stock.

PFPT traded down $3.45 during midday trading on Friday, reaching $116.52. 38,215 shares of the company’s stock traded hands, compared to its average volume of 524,718. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of -101.46 and a beta of 1.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.79 and a quick ratio of 0.79. Proofpoint has a 52 week low of $75.92 and a 52 week high of $131.43.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, April 25th. The software maker reported ($0.33) EPS for the quarter, meeting analysts’ consensus estimates of ($0.33). The business had revenue of $202.90 million during the quarter, compared to analyst estimates of $199.32 million. Proofpoint had a negative return on equity of 13.93% and a negative net margin of 15.82%. Proofpoint’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 EPS. As a group, sell-side analysts expect that Proofpoint will post -0.82 EPS for the current fiscal year.

Proofpoint Company Profile

Proofpoint, Inc operates as a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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