Tracey Newell Sells 8,183 Shares of Proofpoint, Inc. (PFPT) Stock

Proofpoint, Inc. (NASDAQ:PFPT) EVP Tracey Newell sold 8,183 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $87.69, for a total transaction of $717,567.27. Following the transaction, the executive vice president now owns 15,195 shares in the company, valued at approximately $1,332,449.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Tracey Newell also recently made the following trade(s):

  • On Wednesday, May 17th, Tracey Newell sold 8,183 shares of Proofpoint stock. The shares were sold at an average price of $84.14, for a total transaction of $688,517.62.
  • On Monday, April 17th, Tracey Newell sold 8,183 shares of Proofpoint stock. The shares were sold at an average price of $75.28, for a total transaction of $616,016.24.
  • On Monday, April 10th, Tracey Newell sold 8,183 shares of Proofpoint stock. The shares were sold at an average price of $73.83, for a total transaction of $604,150.89.

Shares of Proofpoint, Inc. (NASDAQ:PFPT) opened at 87.93 on Friday. Proofpoint, Inc. has a 12 month low of $57.13 and a 12 month high of $94.33. The company’s market capitalization is $3.84 billion. The firm has a 50-day moving average of $85.13 and a 200-day moving average of $79.25.

Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, April 20th. The software maker reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $113.30 million during the quarter, compared to analysts’ expectations of $110.60 million. Proofpoint had a negative net margin of 25.63% and a negative return on equity of 126.46%. The business’s revenue for the quarter was up 43.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) earnings per share. On average, equities analysts predict that Proofpoint, Inc. will post $0.59 earnings per share for the current year.

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

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A number of hedge funds and other institutional investors have recently modified their holdings of PFPT. Driehaus Capital Management LLC boosted its position in shares of Proofpoint by 1.1% in the first quarter. Driehaus Capital Management LLC now owns 79,569 shares of the software maker’s stock valued at $5,917,000 after buying an additional 871 shares during the period. HighTower Advisors LLC bought a new position in Proofpoint during the first quarter valued at $225,000. AQR Capital Management LLC boosted its position in Proofpoint by 21.3% in the first quarter. AQR Capital Management LLC now owns 14,465 shares of the software maker’s stock valued at $1,076,000 after buying an additional 2,542 shares during the last quarter. Nomura Holdings Inc. bought a new position in Proofpoint during the first quarter valued at $394,000. Finally, State Street Corp boosted its position in Proofpoint by 3.3% in the first quarter. State Street Corp now owns 791,294 shares of the software maker’s stock valued at $58,840,000 after buying an additional 25,368 shares during the last quarter.

Several equities analysts have recently weighed in on PFPT shares. Goldman Sachs Group, Inc. (The) lowered shares of Proofpoint from a “neutral” rating to a “sell” rating and set a $69.00 price objective on the stock. in a report on Thursday, March 23rd. Wedbush reiterated an “outperform” rating and set a $90.00 price objective on shares of Proofpoint in a report on Monday, April 3rd. Imperial Capital reiterated an “outperform” rating and set a $100.00 price objective on shares of Proofpoint in a report on Friday, April 14th. DA Davidson upgraded shares of Proofpoint from a “neutral” rating to a “buy” rating and upped their target price for the stock from $83.00 to $90.00 in a report on Wednesday, April 19th. Finally, Robert W. Baird lowered shares of Proofpoint from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $92.00 to $77.00 in a report on Thursday, April 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $86.95.

Proofpoint Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PFPT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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