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.
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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.
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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