Insider Selling: Proofpoint Inc (NASDAQ:PFPT) Director Sells $103,840.74 in Stock
Proofpoint Inc (NASDAQ:PFPT) Director Michael M. Johnson sold 843 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $123.18, for a total transaction of $103,840.74. Following the sale, the director now directly owns 3,688 shares of the company’s stock, valued at approximately $454,287.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NASDAQ PFPT opened at $123.89 on Friday. Proofpoint Inc has a 52 week low of $75.92 and a 52 week high of $131.43. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.07. The company has a market cap of $6.93 billion, a PE ratio of -107.73 and a beta of 1.68. The stock has a 50-day moving average price of $114.82.
Proofpoint (NASDAQ:PFPT) last posted its earnings results on Thursday, April 25th. The software maker reported ($0.33) EPS for the quarter, hitting the consensus estimate of ($0.33). Proofpoint had a negative net margin of 15.82% and a negative return on equity of 13.93%. The firm had revenue of $202.90 million during the quarter, compared to analysts’ expectations of $199.32 million. During the same quarter in the prior year, the firm earned $0.30 EPS. Proofpoint’s quarterly revenue was up 24.9% on a year-over-year basis. As a group, equities research analysts anticipate that Proofpoint Inc will post -0.82 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. MML Investors Services LLC grew its position in Proofpoint by 0.9% in the 4th 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. Swiss National Bank lifted its stake in shares of Proofpoint by 9.8% in the 1st quarter. Swiss National Bank now owns 99,552 shares of the software maker’s stock worth $12,089,000 after acquiring an additional 8,900 shares during the period. Washington Capital Management Inc. acquired a new stake in shares of Proofpoint in the 1st quarter worth approximately $528,000. Great West Life Assurance Co. Can lifted its stake in shares of Proofpoint by 13.1% in the 4th quarter. Great West Life Assurance Co. Can now owns 5,933 shares of the software maker’s stock worth $480,000 after acquiring an additional 686 shares during the period. Finally, Coronation Fund Managers Ltd. acquired a new stake in shares of Proofpoint in the 1st quarter worth approximately $4,679,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.
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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