Proofpoint Inc (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $80.50, for a total transaction of $402,500.00. Following the sale, the chairman now directly owns 80,760 shares of the company’s stock, valued at approximately $6,501,180. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Eric Hahn also recently made the following trade(s):
- On Wednesday, December 21st, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $70.46, for a total transaction of $352,300.00.
Proofpoint Inc (NASDAQ:PFPT) traded down 0.36% on Monday, reaching $80.65. The company’s stock had a trading volume of 18,760 shares. The firm has a 50-day moving average of $80.62 and a 200 day moving average of $77.35. Proofpoint Inc has a 12-month low of $46.58 and a 12-month high of $88.00. The company’s market capitalization is $3.49 billion.
Proofpoint (NASDAQ:PFPT) last released its earnings results on Thursday, January 26th. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. Proofpoint had a negative return on equity of 110.22% and a negative net margin of 29.62%. The firm earned $106.80 million during the quarter, compared to the consensus estimate of $104.81 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The company’s revenue was up 42.6% compared to the same quarter last year. On average, equities research analysts anticipate that Proofpoint Inc will post $0.52 EPS for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new stake in Proofpoint during the third quarter worth approximately $93,050,000. 1832 Asset Management L.P. purchased a new stake in Proofpoint during the third quarter worth approximately $54,501,000. Two Sigma Advisers LP increased its stake in Proofpoint by 2,765.4% in the third quarter. Two Sigma Advisers LP now owns 370,092 shares of the company’s stock worth $27,701,000 after buying an additional 357,176 shares during the period. GW&K Investment Management LLC purchased a new stake in Proofpoint during the third quarter worth approximately $12,896,000. Finally, Macquarie Group Ltd. increased its stake in Proofpoint by 45.3% in the second quarter. Macquarie Group Ltd. now owns 482,327 shares of the company’s stock worth $30,430,000 after buying an additional 150,284 shares during the period.
Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Proofpoint from a “buy” rating to a “hold” rating in a research report on Thursday, December 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $88.00 price target on shares of Proofpoint in a research report on Wednesday, December 21st. DA Davidson reaffirmed a “neutral” rating and set a $165.00 price target (down previously from $186.00) on shares of Proofpoint in a research report on Wednesday, December 21st. BTIG Research reaffirmed a “buy” rating on shares of Proofpoint in a research report on Tuesday, January 24th. Finally, Imperial Capital upped their price target on shares of Proofpoint from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Sunday, January 29th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $83.10.
Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations around the world. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.
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