Proofpoint Inc (NASDAQ:PFPT) CFO Paul R. Auvil III sold 25,000 shares of Proofpoint stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $125.02, for a total transaction of $3,125,500.00. Following the transaction, the chief financial officer now directly owns 103,149 shares of the company’s stock, valued at approximately $12,895,687.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
PFPT stock opened at $115.67 on Friday. The stock has a market cap of $6.63 billion, a P/E ratio of -38.69 and a beta of 1.38. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.43. The stock’s fifty day simple moving average is $114.22 and its two-hundred day simple moving average is $115.53. Proofpoint Inc has a 1-year low of $83.81 and a 1-year high of $133.58.
Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, July 30th. The software maker reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.78. The company had revenue of $258.44 million for the quarter, compared to the consensus estimate of $252.95 million. Proofpoint had a negative net margin of 17.35% and a negative return on equity of 7.09%. As a group, analysts forecast that Proofpoint Inc will post -1.04 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFPT. Flagship Harbor Advisors LLC grew its position in shares of Proofpoint by 2,258.3% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 283 shares of the software maker’s stock valued at $31,000 after acquiring an additional 271 shares during the period. Private Capital Group LLC purchased a new stake in Proofpoint in the 1st quarter worth about $34,000. Nisa Investment Advisors LLC purchased a new stake in Proofpoint during the first quarter valued at about $41,000. Exchange Traded Concepts LLC bought a new position in Proofpoint during the second quarter worth about $43,000. Finally, Global Retirement Partners LLC increased its stake in shares of Proofpoint by 35.6% in the second quarter. Global Retirement Partners LLC now owns 411 shares of the software maker’s stock worth $46,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 94.59% of the company’s stock.
PFPT has been the subject of several recent analyst reports. BidaskClub raised shares of Proofpoint from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Cowen reduced their price target on shares of Proofpoint from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. Citigroup upped their price objective on shares of Proofpoint from $147.00 to $166.00 and gave the company a “buy” rating in a report on Friday, May 8th. Piper Sandler increased their price objective on shares of Proofpoint from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Wedbush boosted their target price on Proofpoint from $135.00 to $150.00 and gave the company an “outperform” rating in a research 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. The stock currently has a consensus rating of “Buy” and a consensus price target of $142.68.
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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