Gary Steele Sells 40,000 Shares of Proofpoint Inc (PFPT) Stock

Proofpoint Inc (NASDAQ:PFPT) CEO Gary Steele sold 40,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $92.06, for a total transaction of $3,682,400.00. Following the transaction, the chief executive officer now owns 88,551 shares in the company, valued at $8,152,005.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Tuesday, December 5th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $86.28, for a total transaction of $3,451,200.00.
  • On Thursday, November 16th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $90.88, for a total transaction of $3,635,200.00.
  • On Friday, October 6th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $92.35, for a total transaction of $3,694,000.00.

Shares of Proofpoint Inc (NASDAQ:PFPT) opened at $95.66 on Friday. 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 stock has a market cap of $4,290.00, a PE ratio of -43.29 and a beta of 1.32. Proofpoint Inc has a twelve month low of $70.30 and a twelve month high of $97.92.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. The firm had revenue of $134.30 million during the quarter, compared to the consensus estimate of $131.48 million. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. equities research analysts expect that Proofpoint Inc will post -0.88 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of PFPT. Great West Life Assurance Co. Can boosted its holdings in Proofpoint by 35.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 5,247 shares of the software maker’s stock valued at $455,000 after purchasing an additional 1,370 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Proofpoint by 5.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 224,035 shares of the software maker’s stock valued at $19,453,000 after purchasing an additional 11,023 shares during the period. Legal & General Group Plc boosted its holdings in Proofpoint by 8.8% in the 2nd quarter. Legal & General Group Plc now owns 15,503 shares of the software maker’s stock valued at $1,344,000 after purchasing an additional 1,250 shares during the period. Comerica Bank lifted its holdings in shares of Proofpoint by 0.4% during the 2nd quarter. Comerica Bank now owns 13,207 shares of the software maker’s stock worth $1,210,000 after acquiring an additional 51 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Proofpoint by 190.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the software maker’s stock worth $617,000 after acquiring an additional 4,660 shares during the period.

PFPT has been the topic of several recent analyst reports. Monness Crespi & Hardt initiated coverage on shares of Proofpoint in a research note on Monday, October 16th. They set a “buy” rating and a $110.00 price objective on the stock. Oppenheimer initiated coverage on shares of Proofpoint in a research note on Wednesday, November 1st. They set a “market perform” rating on the stock. Needham & Company LLC restated a “buy” rating and set a $115.00 price objective on shares of Proofpoint in a research note on Monday, September 11th. Macquarie reaffirmed an “outperform” rating and set a $103.00 target price on shares of Proofpoint in a report on Tuesday, September 26th. Finally, Evercore ISI set a $105.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $102.48.

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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.

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

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