Proofpoint Inc (NASDAQ:PFPT) Director Dana L. Evan sold 3,051 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $113.85, for a total value of $347,356.35. Following the completion of the sale, the director now directly owns 8,783 shares of the company’s stock, valued at $999,944.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
PFPT stock opened at $122.01 on Friday. The company has a market capitalization of $6.59 billion, a PE ratio of -106.10 and a beta of 1.83. Proofpoint Inc has a 12-month low of $75.92 and a 12-month high of $130.27.
Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings data on Thursday, January 31st. The software maker reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.15. Proofpoint had a negative return on equity of 12.20% and a negative net margin of 14.47%. The business had revenue of $198.48 million during the quarter, compared to analyst estimates of $192.92 million. On average, analysts anticipate that Proofpoint Inc will post -1.18 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. MML Investors Services LLC boosted its holdings in shares of Proofpoint by 0.9% in the fourth quarter. MML Investors Services LLC now owns 9,399 shares of the software maker’s stock worth $788,000 after acquiring an additional 88 shares during the period. Brandywine Managers LLC boosted its holdings in shares of Proofpoint by 8.3% in the fourth quarter. Brandywine Managers LLC now owns 2,600 shares of the software maker’s stock worth $218,000 after acquiring an additional 200 shares during the period. Alps Advisors Inc. boosted its holdings in shares of Proofpoint by 4.7% in the fourth quarter. Alps Advisors Inc. now owns 4,744 shares of the software maker’s stock worth $398,000 after acquiring an additional 212 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Proofpoint by 10.2% in the fourth quarter. Prudential Financial Inc. now owns 2,920 shares of the software maker’s stock worth $245,000 after acquiring an additional 270 shares during the period. Finally, Brown Advisory Securities LLC boosted its holdings in shares of Proofpoint by 8.3% in the fourth quarter. Brown Advisory Securities LLC now owns 6,040 shares of the software maker’s stock worth $500,000 after acquiring an additional 463 shares during the period. 95.99% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on the company. Morgan Stanley set a $120.00 price objective on Proofpoint and gave the stock a “buy” rating in a research note on Saturday, February 2nd. Citigroup increased their price objective on Proofpoint to $117.00 and gave the stock a “buy” rating in a research note on Monday, February 4th. BidaskClub raised Proofpoint from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. ValuEngine downgraded Proofpoint from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th. Finally, Zacks Investment Research downgraded Proofpoint from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Two equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $124.26.
Proofpoint Company Profile
Proofpoint, Inc operates as a security-as-a-service (SaaS) 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.
Further Reading: Cost of Debt
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