Proofpoint, Inc. (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $90.53, for a total transaction of $452,650.00. Following the completion of the transaction, the chairman now owns 53,701 shares of the company’s stock, valued at $4,861,551.53. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Eric Hahn also recently made the following trade(s):

  • On Friday, August 25th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $91.09, for a total transaction of $455,450.00.
  • On Monday, July 10th, Eric Hahn sold 5,000 shares of Proofpoint stock. The shares were sold at an average price of $85.51, for a total transaction of $427,550.00.

Shares of Proofpoint, Inc. (PFPT) traded down 0.99% on Wednesday, reaching $89.16. 581,808 shares of the company traded hands. Proofpoint, Inc. has a one year low of $68.04 and a one year high of $97.00. The stock’s market capitalization is $3.96 billion. The stock’s 50 day moving average price is $88.98 and its 200-day moving average price is $83.83.

Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, July 27th. The software maker reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. The company had revenue of $122.30 million for the quarter, compared to the consensus estimate of $119.58 million. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. The firm’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 earnings per share. Equities analysts forecast that Proofpoint, Inc. will post $0.65 earnings per share for the current fiscal year.

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Several brokerages have issued reports on PFPT. Needham & Company LLC began coverage on shares of Proofpoint in a research report on Friday, July 21st. They issued a “buy” rating and a $115.00 price target for the company. Zacks Investment Research upgraded shares of Proofpoint from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Tuesday, August 1st. Deutsche Bank AG upped their price target on shares of Proofpoint from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, September 8th. BTIG Research restated a “buy” rating and issued a $110.00 price target on shares of Proofpoint in a research report on Monday. Finally, FBN Securities began coverage on shares of Proofpoint in a research report on Monday, May 22nd. They issued an “outperform” rating and a $95.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $98.91.

Institutional investors have recently modified their holdings of the business. D.A. Davidson & CO. increased its position in Proofpoint by 57.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock valued at $102,000 after purchasing an additional 431 shares during the period. Fortaleza Asset Management Inc. increased its position in Proofpoint by 22.4% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock valued at $147,000 after purchasing an additional 310 shares during the period. Creative Planning increased its position in Proofpoint by 7.4% during the 2nd quarter. Creative Planning now owns 2,232 shares of the software maker’s stock valued at $194,000 after purchasing an additional 154 shares during the period. Legato Capital Management LLC purchased a new position in Proofpoint during the 2nd quarter valued at $204,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Proofpoint during the 2nd quarter valued at $215,000.

About Proofpoint

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.

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

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