Insider Selling: Proofpoint Inc (NASDAQ:PFPT) EVP Sells $115,508.61 in Stock

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Proofpoint Inc (NASDAQ:PFPT) EVP Bhagwat Swaroop sold 987 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $117.03, for a total value of $115,508.61. Following the completion of the transaction, the executive vice president now directly owns 553 shares of the company’s stock, valued at approximately $64,717.59. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Bhagwat Swaroop also recently made the following trade(s):

  • On Monday, July 8th, Bhagwat Swaroop sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $123.21, for a total value of $616,050.00.

Shares of Proofpoint stock opened at $115.09 on Thursday. Proofpoint Inc has a one year low of $75.92 and a one year high of $132.85. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.07. The company’s 50-day simple moving average is $122.99. The company has a market cap of $6.37 billion, a price-to-earnings ratio of -100.08 and a beta of 1.66.

Proofpoint (NASDAQ:PFPT) last announced its earnings results on Thursday, July 25th. The software maker reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). Proofpoint had a negative net margin of 14.31% and a negative return on equity of 11.24%. The business had revenue of $214.40 million for the quarter, compared to the consensus estimate of $211.33 million. During the same quarter in the previous year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. On average, analysts predict that Proofpoint Inc will post -0.77 earnings per share for the current fiscal year.

PFPT has been the subject of a number of recent research reports. Royal Bank of Canada set a $150.00 target price on Proofpoint and gave the stock a “buy” rating in a report on Friday, July 26th. Deutsche Bank set a $129.00 price target on Proofpoint and gave the company a “hold” rating in a research note on Friday, July 26th. Cowen initiated coverage on Proofpoint in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $140.00 price target for the company. Dougherty & Co reissued a “buy” rating and issued a $140.00 price target (up previously from $115.00) on shares of Proofpoint in a research note on Friday, April 26th. Finally, Robert W. Baird reissued a “buy” rating on shares of Proofpoint in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Proofpoint currently has an average rating of “Buy” and an average price target of $138.18.

Institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in Proofpoint in the fourth quarter worth approximately $39,840,000. Holocene Advisors LP boosted its holdings in Proofpoint by 322.5% in the second quarter. Holocene Advisors LP now owns 405,392 shares of the software maker’s stock worth $48,748,000 after acquiring an additional 309,447 shares in the last quarter. First Trust Advisors LP boosted its holdings in Proofpoint by 90.9% in the second quarter. First Trust Advisors LP now owns 539,145 shares of the software maker’s stock worth $64,832,000 after acquiring an additional 256,737 shares in the last quarter. Pictet Asset Management Ltd. boosted its holdings in Proofpoint by 47.0% in the first quarter. Pictet Asset Management Ltd. now owns 792,500 shares of the software maker’s stock worth $96,233,000 after acquiring an additional 253,500 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Proofpoint by 9.8% in the second quarter. BlackRock Inc. now owns 2,685,991 shares of the software maker’s stock worth $322,991,000 after acquiring an additional 240,427 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

About Proofpoint

Proofpoint, Inc operates as a security-as-a-service 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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