Proofpoint Inc (NASDAQ:PFPT) EVP David Knight Sells 2,500 Shares

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Proofpoint Inc (NASDAQ:PFPT) EVP David Knight sold 2,500 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $126.05, for a total transaction of $315,125.00. Following the transaction, the executive vice president now owns 14,502 shares in the company, valued at $1,827,977.10. The sale was disclosed in a filing with the SEC, which is available through this link.

David Knight also recently made the following trade(s):

  • On Wednesday, January 8th, David Knight sold 2,500 shares of Proofpoint stock. The stock was sold at an average price of $123.96, for a total transaction of $309,900.00.

NASDAQ:PFPT opened at $127.15 on Friday. Proofpoint Inc has a fifty-two week low of $102.25 and a fifty-two week high of $133.58. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.93 and a current ratio of 1.93. The company’s 50-day simple moving average is $123.17 and its 200-day simple moving average is $120.85.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, January 30th. The software maker reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.61. Proofpoint had a negative net margin of 14.67% and a negative return on equity of 8.93%. The business had revenue of $243.40 million for the quarter, compared to analysts’ expectations of $239.11 million. During the same period last year, the business earned $0.51 EPS. The company’s revenue was up 22.6% compared to the same quarter last year. On average, sell-side analysts predict that Proofpoint Inc will post -1.08 earnings per share for the current fiscal year.

Several research analysts have issued reports on the stock. BidaskClub cut shares of Proofpoint from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 4th. Cowen reiterated a “buy” rating and set a $135.00 target price on shares of Proofpoint in a report on Tuesday, December 17th. Evercore ISI reiterated a “buy” rating and set a $150.00 target price on shares of Proofpoint in a report on Wednesday, October 23rd. Zacks Investment Research cut shares of Proofpoint from a “hold” rating to a “sell” rating and set a $128.00 target price on the stock. in a report on Wednesday, January 8th. Finally, Morgan Stanley dropped their target price on shares of Proofpoint from $137.00 to $136.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $144.83.

Several large investors have recently added to or reduced their stakes in the company. Quest Capital Management Inc. ADV purchased a new position in shares of Proofpoint in the 3rd quarter valued at approximately $28,000. Global Retirement Partners LLC raised its position in shares of Proofpoint by 88.6% in the 4th quarter. Global Retirement Partners LLC now owns 249 shares of the software maker’s stock valued at $29,000 after purchasing an additional 117 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Proofpoint in the 3rd quarter valued at approximately $32,000. Tower Research Capital LLC TRC purchased a new position in shares of Proofpoint in the 4th quarter valued at approximately $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Proofpoint in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 98.13% 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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