Somewhat Favorable Press Coverage Likely to Affect Proofpoint (PFPT) Share Price

Press coverage about Proofpoint (NASDAQ:PFPT) has trended somewhat positive on Monday, according to Alpha One Sentiment. Alpha One, a subsidiary of Accern, rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Proofpoint earned a media sentiment score of 0.10 on Alpha One’s scale. Alpha One also gave news stories about the software maker an impact score of 80 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the near future.

These are some of the media headlines that may have effected AlphaOne Sentiment’s scoring:

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

Proofpoint (PFPT) traded up 0.57% during midday trading on Monday, reaching $87.95. 388,693 shares of the company traded hands. Proofpoint has a one year low of $57.13 and a one year high of $94.33. The firm has a 50-day moving average price of $84.49 and a 200-day moving average price of $79.01. The firm’s market capitalization is $3.85 billion.

Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, April 20th. The software maker reported $0.12 EPS for the quarter, topping the 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 business had revenue of $113.30 million during the quarter, compared to the consensus estimate of $110.60 million. During the same quarter last year, the company earned ($0.09) EPS. The firm’s revenue was up 43.4% compared to the same quarter last year. Equities analysts predict that Proofpoint will post $0.59 EPS for the current fiscal year.

PFPT has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Proofpoint from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $95.00 price objective on shares of Proofpoint in a research report on Sunday, April 23rd. Piper Jaffray Companies set a $90.00 price objective on shares of Proofpoint and gave the stock a “buy” rating in a research report on Friday, April 21st. Imperial Capital reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Proofpoint in a research report on Friday, April 14th. Finally, Susquehanna Bancshares Inc initiated coverage on shares of Proofpoint in a research report on Wednesday, June 7th. They set a “positive” rating and a $106.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $86.95.

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In other Proofpoint news, EVP Tracey Newell sold 8,183 shares of the firm’s stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $73.83, for a total value of $604,150.89. Following the completion of the transaction, the executive vice president now owns 26,529 shares in the company, valued at approximately $1,958,636.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert Darren Lee sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $74.36, for a total value of $223,080.00. Following the completion of the transaction, the senior vice president now owns 5,881 shares of the company’s stock, valued at approximately $437,311.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 187,549 shares of company stock valued at $15,250,544. 6.80% of the stock is owned by corporate insiders.

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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