Proofpoint Inc (PFPT) Chairman Sells $623,250.00 in Stock

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Proofpoint Inc (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 19th. The stock was sold at an average price of $124.65, for a total transaction of $623,250.00. Following the completion of the transaction, the chairman now directly owns 8,001 shares in the company, valued at approximately $997,324.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Eric Hahn also recently made the following trade(s):

  • On Thursday, May 17th, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $122.32, for a total transaction of $611,600.00.
  • On Tuesday, April 3rd, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $113.64, for a total transaction of $568,200.00.

Shares of Proofpoint opened at $119.67 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.60 and a current ratio of 0.60. Proofpoint Inc has a 1-year low of $82.61 and a 1-year high of $130.27.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, April 26th. The software maker reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.15. Proofpoint had a negative net margin of 12.58% and a negative return on equity of 21.55%. The business had revenue of $162.50 million for the quarter, compared to the consensus estimate of $151.86 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. equities analysts expect that Proofpoint Inc will post -1.12 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in PFPT. Aperio Group LLC lifted its holdings in shares of Proofpoint by 95.5% in the fourth quarter. Aperio Group LLC now owns 8,720 shares of the software maker’s stock worth $774,000 after buying an additional 4,259 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Proofpoint by 32.9% in the fourth quarter. US Bancorp DE now owns 11,408 shares of the software maker’s stock worth $1,013,000 after buying an additional 2,824 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Proofpoint by 319.4% in the fourth quarter. Teacher Retirement System of Texas now owns 15,179 shares of the software maker’s stock worth $1,348,000 after buying an additional 11,560 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Proofpoint by 3.0% in the fourth quarter. California Public Employees Retirement System now owns 92,019 shares of the software maker’s stock worth $8,172,000 after buying an additional 2,700 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Proofpoint by 3.4% in the fourth quarter. Swiss National Bank now owns 75,652 shares of the software maker’s stock worth $6,719,000 after buying an additional 2,500 shares in the last quarter.

A number of equities analysts recently issued reports on PFPT shares. Deutsche Bank raised their price objective on shares of Proofpoint from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, March 16th. Morgan Stanley raised their price objective on shares of Proofpoint from $124.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, March 22nd. Citigroup raised their price objective on shares of Proofpoint from $118.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, April 16th. ValuEngine raised shares of Proofpoint from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Wedbush reissued an “outperform” rating and issued a $130.00 price objective on shares of Proofpoint in a report on Monday, April 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Proofpoint currently has an average rating of “Buy” and an average target price of $125.05.

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.

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

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