Eric Hahn Sells 5,000 Shares of Proofpoint Inc. (PFPT) Stock
Proofpoint Inc. (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $72.90, for a total value of $364,500.00. Following the sale, the chairman now owns 121,215 shares of the company’s stock, valued at $8,836,573.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Eric Hahn also recently made the following trade(s):
- On Wednesday, September 28th, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $77.82, for a total value of $389,100.00.
- On Tuesday, August 23rd, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $76.04, for a total value of $380,200.00.
Proofpoint Inc. (NASDAQ:PFPT) opened at 73.47 on Friday. Proofpoint Inc. has a one year low of $35.56 and a one year high of $80.68. The firm’s market capitalization is $3.09 billion. The stock has a 50 day moving average price of $76.16 and a 200 day moving average price of $65.12.
Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.13. The company had revenue of $89.90 million for the quarter, compared to analysts’ expectations of $84.22 million. Proofpoint had a negative net margin of 41.46% and a negative return on equity of 120.27%. On average, equities analysts predict that Proofpoint Inc. will post $0.09 EPS for the current fiscal year.
PFPT has been the topic of several recent research reports. Citigroup Inc. restated a “buy” rating and set a $62.00 target price on shares of Proofpoint in a report on Monday, June 13th. Zacks Investment Research lowered Proofpoint from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Evercore ISI initiated coverage on Proofpoint in a report on Wednesday, June 29th. They set a “buy” rating on the stock. Morgan Stanley restated an “overweight” rating on shares of Proofpoint in a report on Wednesday, June 29th. Finally, Wunderlich restated a “buy” rating on shares of Proofpoint in a report on Wednesday, July 6th. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Proofpoint currently has a consensus rating of “Buy” and a consensus price target of $79.44.
Several large investors have recently modified their holdings of PFPT. US Bancorp DE boosted its stake in shares of Proofpoint by 5.9% in the second quarter. US Bancorp DE now owns 2,067 shares of the company’s stock worth $130,000 after buying an additional 115 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Proofpoint by 199.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,417 shares of the company’s stock valued at $152,000 after buying an additional 1,611 shares in the last quarter. BlackRock Inc. boosted its position in Proofpoint by 122.6% in the first quarter. BlackRock Inc. now owns 2,684 shares of the company’s stock valued at $143,000 after buying an additional 1,478 shares in the last quarter. BOKF NA bought a new position in Proofpoint during the second quarter valued at $193,000. Finally, Mizuho Asset Management Co. Ltd. bought a new position in Proofpoint during the second quarter valued at $197,000.
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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