Insider Selling: Proofpoint Inc (PFPT) Chairman Sells $418,050.00 in Stock

Proofpoint Inc (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $83.61, for a total value of $418,050.00. Following the completion of the sale, the chairman now directly owns 71,460 shares of the company’s stock, valued at approximately $5,974,770.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Wednesday, April 5th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $76.75, for a total value of $383,750.00.
  • On Thursday, March 16th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $80.50, for a total value of $402,500.00.

Shares of Proofpoint Inc (NASDAQ:PFPT) traded up 1.44% on Monday, hitting $89.42. The company had a trading volume of 837,146 shares. Proofpoint Inc has a 1-year low of $54.70 and a 1-year high of $89.65. The company has a 50 day moving average price of $79.17 and a 200 day moving average price of $78.46. The firm’s market capitalization is $3.91 billion.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, April 20th. The software maker reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $113.30 million for the quarter, compared to analysts’ expectations of $110.60 million. Proofpoint had a negative return on equity of 110.22% and a negative net margin of 29.62%. The firm’s quarterly revenue was up 43.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.09) EPS. On average, equities analysts forecast that Proofpoint Inc will post $0.58 earnings per share for the current fiscal year.

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

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Proofpoint Inc (PFPT) Chairman Sells $418,050.00 in Stock” was first published by Mideast Time and is owned by of Mideast Time. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.mideasttime.com/insider-selling-proofpoint-inc-pfpt-chairman-sells-418050-00-in-stock/1733005.html.

Several equities research analysts have issued reports on PFPT shares. Goldman Sachs Group Inc downgraded Proofpoint from a “neutral” rating to a “sell” rating and set a $69.00 price target for the company. in a report on Thursday, March 23rd. Zacks Investment Research downgraded Proofpoint from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Robert W. Baird downgraded Proofpoint from an “outperform” rating to a “neutral” rating and cut their price target for the company from $92.00 to $77.00 in a report on Thursday, April 20th. Wunderlich reaffirmed a “buy” rating and set a $93.00 price target (up previously from $90.00) on shares of Proofpoint in a report on Sunday, January 29th. Finally, DA Davidson raised Proofpoint from a “neutral” rating to a “buy” rating and raised their price target for the company from $83.00 to $90.00 in a report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-two have given a buy rating to the stock. Proofpoint has a consensus rating of “Buy” and a consensus price target of $84.96.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Proofpoint by 6.7% in the first quarter. Vanguard Group Inc. now owns 3,314,857 shares of the software maker’s stock worth $246,493,000 after buying an additional 207,412 shares during the period. BlackRock Inc. boosted its stake in shares of Proofpoint by 22,439.7% in the first quarter. BlackRock Inc. now owns 3,193,429 shares of the software maker’s stock worth $237,464,000 after buying an additional 3,179,261 shares during the period. Artisan Partners Limited Partnership boosted its stake in shares of Proofpoint by 161.6% in the first quarter. Artisan Partners Limited Partnership now owns 2,313,715 shares of the software maker’s stock worth $172,048,000 after buying an additional 1,429,192 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Proofpoint by 17.0% in the fourth quarter. Macquarie Group Ltd. now owns 852,205 shares of the software maker’s stock worth $60,208,000 after buying an additional 123,655 shares during the period. Finally, State Street Corp boosted its stake in shares of Proofpoint by 3.3% in the first quarter. State Street Corp now owns 791,294 shares of the software maker’s stock worth $58,840,000 after buying an additional 25,368 shares during the period.

About Proofpoint

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.

Receive News & Ratings for Proofpoint Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.