Insider Selling: Proofpoint Inc (PFPT) EVP Sells 8,183 Shares of Stock

Proofpoint Inc (NASDAQ:PFPT) EVP Tracey Newell sold 8,183 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $96.54, for a total value of $789,986.82. Following the sale, the executive vice president now directly owns 23,376 shares of the company’s stock, valued at $2,256,719.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Tracey Newell also recently made the following trade(s):

  • On Monday, December 18th, Tracey Newell sold 8,183 shares of Proofpoint stock. The stock was sold at an average price of $91.24, for a total value of $746,616.92.
  • On Friday, November 17th, Tracey Newell sold 8,183 shares of Proofpoint stock. The stock was sold at an average price of $89.96, for a total value of $736,142.68.

Shares of Proofpoint Inc (NASDAQ:PFPT) traded up $0.50 during midday trading on Friday, reaching $98.05. The company’s stock had a trading volume of 306,900 shares, compared to its average volume of 506,617. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 11.57. The company has a market cap of $4,420.00, a price-to-earnings ratio of -44.37 and a beta of 1.32. Proofpoint Inc has a 1-year low of $70.30 and a 1-year high of $101.05.

Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. The business had revenue of $134.30 million during the quarter, compared to analyst estimates of $131.48 million. Proofpoint had a negative return on equity of 158.19% and a negative net margin of 20.19%. Proofpoint’s revenue was up 34.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. equities research analysts anticipate that Proofpoint Inc will post -0.88 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of PFPT. JPMorgan Chase & Co. increased its holdings in shares of Proofpoint by 133.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 870,784 shares of the software maker’s stock valued at $76,551,000 after acquiring an additional 498,462 shares during the period. ETF Managers Group LLC purchased a new position in shares of Proofpoint in the 2nd quarter valued at $43,157,000. BlackRock Inc. increased its holdings in shares of Proofpoint by 9.7% in the 2nd quarter. BlackRock Inc. now owns 3,503,427 shares of the software maker’s stock valued at $304,204,000 after acquiring an additional 309,998 shares during the period. Wasatch Advisors Inc. increased its holdings in shares of Proofpoint by 52.2% in the 2nd quarter. Wasatch Advisors Inc. now owns 728,526 shares of the software maker’s stock valued at $63,258,000 after acquiring an additional 249,919 shares during the period. Finally, Artisan Partners Limited Partnership increased its holdings in shares of Proofpoint by 8.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,012,092 shares of the software maker’s stock valued at $262,715,000 after acquiring an additional 225,970 shares during the period.

A number of equities research analysts recently issued reports on PFPT shares. Monness Crespi & Hardt started coverage on Proofpoint in a research note on Monday, October 16th. They set a “buy” rating and a $110.00 price target for the company. Oppenheimer started coverage on Proofpoint in a research note on Wednesday, November 1st. They set a “market perform” rating for the company. Macquarie reissued an “outperform” rating and set 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 Proofpoint and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, Zacks Investment Research raised 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 research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $102.48.

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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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