Proofpoint Inc (NASDAQ:PFPT) CEO Gary Steele sold 20,000 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $123.79, for a total transaction of $2,475,800.00. Following the sale, the chief executive officer now directly owns 100,574 shares in the company, valued at $12,450,055.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, June 11th, Gary Steele sold 20,000 shares of Proofpoint stock. The stock was sold at an average price of $108.87, for a total transaction of $2,177,400.00.
  • On Wednesday, May 15th, Gary Steele sold 20,000 shares of Proofpoint stock. The stock was sold at an average price of $118.93, for a total transaction of $2,378,600.00.

PFPT stock opened at $125.22 on Monday. The firm has a market cap of $6.97 billion, a P/E ratio of -108.89 and a beta of 1.67. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.79 and a current ratio of 0.79. Proofpoint Inc has a 12 month low of $75.92 and a 12 month high of $131.43. The company has a 50-day simple moving average of $115.02.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Thursday, April 25th. The software maker reported ($0.33) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.33). The company had revenue of $202.90 million during the quarter, compared to the consensus estimate of $199.32 million. Proofpoint had a negative net margin of 15.82% and a negative return on equity of 13.93%. Proofpoint’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. As a group, analysts anticipate that Proofpoint Inc will post -0.82 earnings per share for the current year.

A number of brokerages recently weighed in on PFPT. Morgan Stanley set a $10.00 price target on shares of Ford Motor and gave the company a “hold” rating in a research note on Friday, April 26th. Bank of America set a $144.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Friday, April 12th. KeyCorp raised their price target on shares of T-Mobile Us from $76.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Deutsche Bank decreased their price target on shares of Xilinx from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $137.00 price target (up from $120.00) on shares of Proofpoint in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $131.60.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Scout Investments Inc. increased its holdings in shares of Proofpoint by 38.5% during the 2nd quarter. Scout Investments Inc. now owns 266,959 shares of the software maker’s stock worth $32,102,000 after buying an additional 74,276 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Proofpoint by 1.1% during the 1st quarter. Nordea Investment Management AB now owns 46,208 shares of the software maker’s stock worth $5,610,000 after buying an additional 520 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in shares of Proofpoint by 72.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 786 shares of the software maker’s stock worth $95,000 after buying an additional 329 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Proofpoint by 627.9% during the 1st quarter. Marshall Wace LLP now owns 42,148 shares of the software maker’s stock worth $5,118,000 after buying an additional 36,358 shares during the last quarter. Finally, SQN Investors LP acquired a new stake in shares of Proofpoint during the 1st quarter worth approximately $20,939,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

About Proofpoint

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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Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

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