Proofpoint Inc (PFPT) Director Dana L. Evan Sells 3,051 Shares

Proofpoint Inc (NASDAQ:PFPT) Director Dana L. Evan sold 3,051 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $113.85, for a total value of $347,356.35. Following the completion of the sale, the director now directly owns 8,783 shares in the company, valued at $999,944.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Proofpoint stock opened at $122.01 on Friday. The company has a market cap of $6.59 billion, a price-to-earnings ratio of -106.10 and a beta of 1.83. Proofpoint Inc has a fifty-two week low of $75.92 and a fifty-two week high of $130.27.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, January 31st. The software maker reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.15. The business had revenue of $198.48 million for the quarter, compared to analysts’ expectations of $192.92 million. Proofpoint had a negative return on equity of 12.20% and a negative net margin of 14.47%. On average, equities research analysts anticipate that Proofpoint Inc will post -1.18 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Proofpoint during the fourth quarter valued at approximately $75,000. Mondrian Capital Management LLC purchased a new position in shares of Proofpoint during the fourth quarter valued at approximately $84,000. AdvisorNet Financial Inc lifted its holdings in shares of Proofpoint by 88.7% during the fourth quarter. AdvisorNet Financial Inc now owns 1,170 shares of the software maker’s stock valued at $98,000 after purchasing an additional 550 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Proofpoint during the fourth quarter valued at approximately $210,000. Finally, Brandywine Managers LLC lifted its holdings in shares of Proofpoint by 8.3% during the fourth quarter. Brandywine Managers LLC now owns 2,600 shares of the software maker’s stock valued at $218,000 after purchasing an additional 200 shares during the last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on the company. BidaskClub raised Proofpoint from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley raised their target price on Proofpoint from $120.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $135.00 target price (up from $130.00) on shares of Proofpoint in a research note on Tuesday. ValuEngine cut Proofpoint from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th. Finally, Zacks Investment Research cut Proofpoint from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. Two research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $124.26.

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Proofpoint Company Profile

Proofpoint, Inc operates as a security-as-a-service (SaaS) 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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Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

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