Tracey Newell Sells 8,183 Shares of Proofpoint, Inc. (PFPT) Stock
Proofpoint, Inc. (NASDAQ:PFPT) EVP Tracey Newell sold 8,183 shares of Proofpoint stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $90.30, for a total value of $738,924.90. Following the transaction, the executive vice president now owns 20,170 shares of the company’s stock, valued at $1,821,351. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Tracey Newell also recently made the following trade(s):
- On Thursday, August 17th, Tracey Newell sold 8,183 shares of Proofpoint stock. The stock was sold at an average price of $88.59, for a total value of $724,931.97.
- On Monday, July 17th, Tracey Newell sold 8,183 shares of Proofpoint stock. The stock was sold at an average price of $89.08, for a total value of $728,941.64.
Proofpoint, Inc. (PFPT) opened at 90.44 on Friday. The firm has a 50-day moving average price of $89.14 and a 200 day moving average price of $84.21. Proofpoint, Inc. has a one year low of $68.04 and a one year high of $97.00. The firm’s market capitalization is $4.02 billion.
Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, July 27th. The software maker reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.05. Proofpoint had a negative return on equity of 140.24% and a negative net margin of 20.96%. The company had revenue of $122.30 million for the quarter, compared to the consensus estimate of $119.58 million. During the same quarter last year, the business posted $0.06 earnings per share. The firm’s revenue was up 36.0% compared to the same quarter last year. Analysts anticipate that Proofpoint, Inc. will post $0.65 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. raised its position in shares of Proofpoint by 57.9% in the second quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock worth $102,000 after buying an additional 431 shares in the last quarter. Fortaleza Asset Management Inc. raised its position in shares of Proofpoint by 22.4% in the second quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock worth $147,000 after buying an additional 310 shares in the last quarter. Creative Planning raised its position in shares of Proofpoint by 7.4% in the second quarter. Creative Planning now owns 2,232 shares of the software maker’s stock worth $194,000 after buying an additional 154 shares in the last quarter. Legato Capital Management LLC purchased a new stake in shares of Proofpoint in the second quarter worth $204,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Proofpoint in the second quarter worth $215,000.
Several research analysts have recently commented on PFPT shares. FBN Securities reiterated an “outperform” rating and set a $105.00 target price (up from $100.00) on shares of Proofpoint in a research note on Saturday, September 9th. Cowen and Company assumed coverage on Proofpoint in a report on Thursday, August 17th. They set an “outperform” rating and a $105.00 price target for the company. Wedbush reissued an “outperform” rating and set a $93.00 price target (down from $98.00) on shares of Proofpoint in a report on Friday, July 14th. ValuEngine raised Proofpoint from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $115.00 price target on shares of Proofpoint in a report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have issued a buy rating to the stock. Proofpoint currently has a consensus rating of “Buy” and an average target price of $98.91.
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.
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