Proofpoint Inc (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $93.91, for a total transaction of $469,550.00. Following the completion of the transaction, the chairman now directly owns 33,001 shares of the company’s stock, valued at approximately $3,099,123.91. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Eric Hahn also recently made the following trade(s):
- On Wednesday, December 6th, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $83.71, for a total transaction of $418,550.00.
- On Tuesday, November 14th, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $89.48, for a total transaction of $447,400.00.
Shares of Proofpoint Inc (NASDAQ:PFPT) opened at $97.72 on Wednesday. Proofpoint Inc has a 12 month low of $70.30 and a 12 month high of $98.84. The stock has a market cap of $4,380.00, a price-to-earnings ratio of -44.22 and a beta of 1.32. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 11.57.
A number of large investors have recently bought and sold shares of PFPT. D.A. Davidson & CO. raised its holdings in Proofpoint by 57.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock valued at $102,000 after buying an additional 431 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Proofpoint during the 2nd quarter valued at $215,000. Bluestein R H & Co. bought a new stake in Proofpoint during the 2nd quarter valued at $217,000. Gotham Asset Management LLC bought a new stake in Proofpoint during the 2nd quarter valued at $222,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in Proofpoint by 17.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,724 shares of the software maker’s stock valued at $235,000 after buying an additional 409 shares during the last quarter.
A number of equities analysts have commented on PFPT shares. Monness Crespi & Hardt started coverage on shares of Proofpoint in a research note on Monday, October 16th. They issued a “buy” rating and a $110.00 price target for the company. Oppenheimer started coverage on shares of Proofpoint in a research note on Wednesday, November 1st. They issued a “market perform” rating for the company. Macquarie reissued an “outperform” rating and issued a $103.00 price target on shares of Proofpoint in a research note on Tuesday, September 26th. Evercore ISI set a $105.00 price target on shares of Proofpoint and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $102.48.
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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.
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