Shares of Proofpoint, Inc. (NASDAQ:PFPT) have been assigned an average recommendation of “Buy” from the twenty-six analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $89.63.
Several brokerages recently issued reports on PFPT. Stifel Nicolaus began coverage on Proofpoint in a research report on Wednesday, June 7th. They set a “buy” rating and a $90.00 price objective for the company. Susquehanna Bancshares Inc began coverage on Proofpoint in a research report on Wednesday, June 7th. They set a “positive” rating and a $106.00 price objective for the company. ValuEngine upgraded Proofpoint from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. FBN Securities began coverage on Proofpoint in a research report on Monday, May 22nd. They set an “outperform” rating and a $95.00 price objective for the company. Finally, Zacks Investment Research downgraded Proofpoint from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th.
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Proofpoint (NASDAQ PFPT) traded up 0.57% during midday trading on Friday, hitting $87.95. The company had a trading volume of 388,693 shares. Proofpoint has a 52-week low of $57.13 and a 52-week high of $94.33. The stock’s market cap is $3.85 billion. The stock’s 50-day moving average price is $84.49 and its 200-day moving average price is $79.01.
Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, April 20th. The software maker reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.03. Proofpoint had a negative return on equity of 126.46% and a negative net margin of 25.63%. The firm had revenue of $113.30 million during the quarter, compared to the consensus estimate of $110.60 million. During the same period in the previous year, the firm posted ($0.09) EPS. The company’s quarterly revenue was up 43.4% compared to the same quarter last year. On average, equities research analysts expect that Proofpoint will post $0.59 EPS for the current fiscal year.
In related news, EVP Tracey Newell sold 8,183 shares of the stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $73.83, for a total transaction of $604,150.89. Following the sale, the executive vice president now owns 26,529 shares in the company, valued at $1,958,636.07. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Knight sold 3,000 shares of the stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $75.38, for a total transaction of $226,140.00. Following the sale, the executive vice president now owns 12,642 shares in the company, valued at approximately $952,953.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 187,549 shares of company stock worth $15,250,544. Company insiders own 6.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. raised its stake in Proofpoint by 242.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,578 shares of the software maker’s stock valued at $113,000 after buying an additional 1,117 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Proofpoint by 400.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,500 shares of the software maker’s stock valued at $185,000 after buying an additional 2,000 shares during the period. Envestnet Asset Management Inc. raised its stake in Proofpoint by 18.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,897 shares of the software maker’s stock valued at $215,000 after buying an additional 446 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new stake in Proofpoint during the first quarter valued at $220,000. Finally, Acrospire Investment Management LLC raised its stake in Proofpoint by 113.4% in the first quarter. Acrospire Investment Management LLC now owns 2,987 shares of the software maker’s stock valued at $222,000 after buying an additional 1,587 shares during the period.
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.
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