Proofpoint Inc (NASDAQ:PFPT) EVP Bhagwat Swaroop sold 1,500 shares of Proofpoint stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $125.00, for a total value of $187,500.00. Following the completion of the transaction, the executive vice president now owns 1,698 shares in the company, valued at approximately $212,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Bhagwat Swaroop also recently made the following trade(s):

  • On Thursday, July 9th, Bhagwat Swaroop sold 5,345 shares of Proofpoint stock. The stock was sold at an average price of $120.00, for a total value of $641,400.00.

Shares of PFPT opened at $115.67 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.43. The business’s 50 day moving average price is $114.22 and its 200-day moving average price is $115.53. Proofpoint Inc has a 52 week low of $83.81 and a 52 week high of $133.58. The stock has a market cap of $6.63 billion, a P/E ratio of -38.69 and a beta of 1.38.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, July 30th. The software maker reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.78. Proofpoint had a negative return on equity of 7.09% and a negative net margin of 17.35%. The firm had revenue of $258.44 million for the quarter, compared to analysts’ expectations of $252.95 million. On average, equities analysts anticipate that Proofpoint Inc will post -1.04 EPS for the current year.

PFPT has been the topic of several analyst reports. ValuEngine downgraded Proofpoint from a “buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Morgan Stanley boosted their price target on Proofpoint from $126.00 to $131.00 and gave the company an “equal weight” rating in a report on Friday. Citigroup boosted their price target on Proofpoint from $147.00 to $166.00 and gave the company a “buy” rating in a report on Friday, May 8th. Royal Bank of Canada restated a “buy” rating on shares of Proofpoint in a report on Thursday, July 23rd. Finally, Wedbush boosted their price target on Proofpoint from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Proofpoint has an average rating of “Buy” and an average target price of $142.68.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CFM Wealth Partners LLC raised its holdings in Proofpoint by 0.3% in the 1st quarter. CFM Wealth Partners LLC now owns 28,047 shares of the software maker’s stock worth $2,877,000 after acquiring an additional 86 shares during the last quarter. Global Retirement Partners LLC raised its holdings in Proofpoint by 35.6% in the 2nd quarter. Global Retirement Partners LLC now owns 411 shares of the software maker’s stock worth $46,000 after acquiring an additional 108 shares during the last quarter. Comerica Bank raised its holdings in Proofpoint by 5.6% in the 1st quarter. Comerica Bank now owns 2,287 shares of the software maker’s stock worth $277,000 after acquiring an additional 121 shares during the last quarter. M&T Bank Corp raised its holdings in Proofpoint by 4.9% in the 2nd quarter. M&T Bank Corp now owns 2,784 shares of the software maker’s stock worth $309,000 after acquiring an additional 130 shares during the last quarter. Finally, Sowell Financial Services LLC raised its holdings in Proofpoint by 50.0% in the 1st quarter. Sowell Financial Services LLC now owns 672 shares of the software maker’s stock worth $69,000 after acquiring an additional 224 shares during the last quarter. Institutional investors own 94.59% 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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