Proofpoint, Inc. (NASDAQ:PFPT) EVP David Knight sold 3,000 shares of the stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $78.95, for a total value of $236,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

David Knight also recently made the following trade(s):

  • On Thursday, December 15th, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $72.12, for a total value of $216,360.00.

Shares of Proofpoint, Inc. (NASDAQ:PFPT) opened at 81.89 on Friday. The firm’s market cap is $3.48 billion. Proofpoint, Inc. has a 52 week low of $35.56 and a 52 week high of $88.00. The company has a 50-day moving average price of $74.96 and a 200 day moving average price of $73.80.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.14. The company had revenue of $99.80 million for the quarter, compared to analysts’ expectations of $94.27 million. Proofpoint had a negative net margin of 34.83% and a negative return on equity of 119.85%. Proofpoint’s revenue was up 44.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) EPS. Analysts expect that Proofpoint, Inc. will post $0.31 EPS for the current fiscal year.

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

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Several large investors have recently bought and sold shares of PFPT. GW&K Investment Management LLC bought a new stake in Proofpoint during the third quarter worth approximately $12,896,000. First Trust Advisors LP boosted its stake in shares of Proofpoint by 30.0% in the third quarter. First Trust Advisors LP now owns 60,736 shares of the company’s stock worth $4,546,000 after buying an additional 14,021 shares during the last quarter. RS Investment Management Co. LLC boosted its stake in shares of Proofpoint by 0.5% in the second quarter. RS Investment Management Co. LLC now owns 1,418,156 shares of the company’s stock worth $89,471,000 after buying an additional 7,597 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Proofpoint by 518.9% in the third quarter. Neuberger Berman Group LLC now owns 141,935 shares of the company’s stock worth $10,624,000 after buying an additional 119,000 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its stake in shares of Proofpoint by 79.4% in the third quarter. BlackRock Advisors LLC now owns 226,342 shares of the company’s stock worth $16,942,000 after buying an additional 100,190 shares during the last quarter.

A number of equities research analysts have recently weighed in on the company. BTIG Research reaffirmed a “buy” rating and set a $32.00 price target on shares of Proofpoint in a research note on Friday, October 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $88.00 price target on shares of Proofpoint in a research note on Wednesday, December 21st. Zacks Investment Research downgraded Proofpoint from a “buy” rating to a “hold” rating in a research note on Thursday, December 22nd. Robert W. Baird assumed coverage on Proofpoint in a research note on Monday, November 14th. They set an “outperform” rating and a $92.00 price target for the company. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Proofpoint in a research note on Sunday, September 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $82.48.

Proofpoint Company Profile

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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