Proofpoint Inc (NASDAQ:PFPT) – Stock analysts at Wedbush issued their Q1 2019 earnings per share estimates for shares of Proofpoint in a research note issued to investors on Wednesday. Wedbush analyst S. Koenig expects that the software maker will post earnings per share of ($0.20) for the quarter. Wedbush currently has a “Outperform” rating and a $114.00 target price on the stock. Wedbush also issued estimates for Proofpoint’s Q2 2019 earnings at ($0.20) EPS, Q3 2019 earnings at ($0.12) EPS and Q4 2019 earnings at ($0.06) EPS.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.08. The company had revenue of $145.40 million for the quarter, compared to the consensus estimate of $139.61 million. Proofpoint had a negative return on equity of 54.09% and a negative net margin of 16.37%. The company’s quarterly revenue was up 36.1% compared to the same quarter last year. During the same period last year, the business posted $0.18 EPS.
Proofpoint (NASDAQ:PFPT) opened at $118.85 on Thursday. The company has a market capitalization of $6,108.02, a PE ratio of -62.23 and a beta of 1.31. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Proofpoint has a twelve month low of $70.30 and a twelve month high of $122.28.
Hedge funds and other institutional investors have recently modified their holdings of the business. Exane Derivatives grew its stake in Proofpoint by 901.8% during the 4th quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock valued at $152,000 after purchasing an additional 1,542 shares in the last quarter. Sigma Planning Corp acquired a new stake in Proofpoint during the 4th quarter valued at approximately $238,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Proofpoint during the 2nd quarter valued at approximately $253,000. GSA Capital Partners LLP acquired a new position in shares of Proofpoint in the 3rd quarter worth approximately $317,000. Finally, Aperio Group LLC grew its position in shares of Proofpoint by 24.2% in the 3rd quarter. Aperio Group LLC now owns 4,461 shares of the software maker’s stock worth $389,000 after acquiring an additional 870 shares in the last quarter.
In other Proofpoint news, SVP Robert Darren Lee sold 18,139 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $97.73, for a total transaction of $1,772,724.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bhagwat Swaroop sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $98.86, for a total value of $88,974.00. Following the sale, the executive vice president now owns 4,077 shares of the company’s stock, valued at approximately $403,052.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,303 shares of company stock valued at $13,511,751. 5.96% of the stock is owned by insiders.
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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