Proofpoint, Inc. (PFPT) CEO Gary Steele Sells 40,000 Shares of Stock

Proofpoint, Inc. (NASDAQ:PFPT) CEO Gary Steele sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $92.35, for a total transaction of $3,694,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Gary Steele also recently made the following trade(s):

  • On Thursday, September 14th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $88.60, for a total transaction of $3,544,000.00.
  • On Tuesday, August 22nd, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $89.54, for a total transaction of $3,581,600.00.
  • On Wednesday, July 12th, Gary Steele sold 40,000 shares of Proofpoint stock. The stock was sold at an average price of $87.11, for a total transaction of $3,484,400.00.

Shares of Proofpoint, Inc. (PFPT) opened at 92.67 on Wednesday. The stock has a 50 day moving average of $90.57 and a 200 day moving average of $85.49. The stock’s market cap is $4.12 billion. Proofpoint, Inc. has a one year low of $68.04 and a one year high of $97.00.

Proofpoint (NASDAQ:PFPT) last released its earnings results on Thursday, July 27th. The software maker reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The firm had revenue of $122.30 million for the quarter, compared to analysts’ expectations of $119.58 million. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. Proofpoint’s quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. Equities analysts expect that Proofpoint, Inc. will post $0.65 EPS for the current fiscal year.

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PFPT has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of Proofpoint in a research report on Friday, June 23rd. Northland Securities reissued a “buy” rating and issued a $100.00 price target on shares of Proofpoint in a research report on Friday, June 30th. Wedbush reissued an “outperform” rating and issued a $93.00 price target (down previously from $98.00) on shares of Proofpoint in a research report on Friday, July 14th. Morgan Stanley reissued an “overweight” rating and issued a $102.00 price target (up previously from $97.00) on shares of Proofpoint in a research report on Thursday, July 20th. Finally, Needham & Company LLC started coverage on shares of Proofpoint in a research report on Friday, July 21st. They issued a “buy” rating and a $115.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $99.08.

Institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. acquired a new position in Proofpoint during the 1st quarter valued at about $394,000. Credit Agricole S A acquired a new position in Proofpoint during the 1st quarter valued at about $871,000. Federated Investors Inc. PA increased its stake in Proofpoint by 63.8% during the 2nd quarter. Federated Investors Inc. PA now owns 85,435 shares of the software maker’s stock valued at $7,419,000 after buying an additional 33,290 shares during the period. Artisan Partners Limited Partnership increased its stake in Proofpoint by 20.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,786,122 shares of the software maker’s stock valued at $241,919,000 after buying an additional 472,407 shares during the period. Finally, Brighton Jones LLC acquired a new position in Proofpoint during the 2nd quarter valued at about $285,000.

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.

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

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