Proofpoint Inc. (NASDAQ:PFPT) EVP Tracey Newell sold 9,892 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $76.99, for a total transaction of $761,585.08. Following the transaction, the executive vice president now directly owns 36,325 shares in the company, valued at $2,796,661.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, August 17th, Tracey Newell sold 20,000 shares of Proofpoint stock. The stock was sold at an average price of $75.00, for a total transaction of $1,500,000.00.
  • On Monday, July 18th, Tracey Newell sold 20,000 shares of Proofpoint stock. The stock was sold at an average price of $66.93, for a total transaction of $1,338,600.00.

Proofpoint Inc. (NASDAQ:PFPT) opened at 75.76 on Thursday. The stock’s market cap is $3.18 billion. The company’s 50 day moving average is $76.08 and its 200 day moving average is $63.17. Proofpoint Inc. has a one year low of $35.56 and a one year high of $80.68.

Proofpoint (NASDAQ:PFPT) last announced its earnings results on Thursday, July 21st. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.13. Proofpoint had a negative net margin of 41.46% and a negative return on equity of 120.27%. The firm had revenue of $89.90 million for the quarter, compared to the consensus estimate of $84.22 million. On average, equities research analysts expect that Proofpoint Inc. will post $0.09 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of PFPT. Vanguard Group Inc. boosted its position in Proofpoint by 3.3% in the second quarter. Vanguard Group Inc. now owns 2,900,093 shares of the company’s stock valued at $182,967,000 after buying an additional 93,122 shares during the period. RS Investment Management Co. LLC boosted its position in Proofpoint by 0.5% in the second quarter. RS Investment Management Co. LLC now owns 1,418,156 shares of the company’s stock valued at $89,471,000 after buying an additional 7,597 shares during the period. Jericho Capital Asset Management L.P. boosted its position in Proofpoint by 71.0% in the first quarter. Jericho Capital Asset Management L.P. now owns 1,406,938 shares of the company’s stock valued at $75,665,000 after buying an additional 584,125 shares during the period. BlackRock Fund Advisors boosted its position in Proofpoint by 3.4% in the second quarter. BlackRock Fund Advisors now owns 1,089,143 shares of the company’s stock valued at $68,714,000 after buying an additional 35,331 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Proofpoint by 1.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,020,535 shares of the company’s stock valued at $64,386,000 after buying an additional 16,512 shares during the period.

PFPT has been the topic of a number of research reports. Wunderlich raised their target price on shares of Proofpoint from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, June 9th. Wedbush reaffirmed a “buy” rating and set a $78.00 target price on shares of Proofpoint in a research report on Monday, July 11th. Citigroup Inc. reaffirmed a “buy” rating and set a $62.00 target price on shares of Proofpoint in a research report on Monday, June 13th. Deutsche Bank AG reaffirmed a “buy” rating and set a $72.00 target price on shares of Proofpoint in a research report on Thursday, June 9th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $85.00 target price on shares of Proofpoint in a research report on Thursday, June 9th. Two analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $79.42.

About Proofpoint

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.

5 Day Chart for NASDAQ:PFPT

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