Proofpoint (NASDAQ:PFPT) had its price target boosted by research analysts at Susquehanna Bancshares from $107.00 to $122.00 in a research note issued to investors on Wednesday. The brokerage presently has a “positive” rating on the software maker’s stock. Susquehanna Bancshares’ price target would indicate a potential upside of 19.58% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Deutsche Bank reaffirmed a “buy” rating and set a $114.00 price objective on shares of Proofpoint in a research report on Tuesday. Morgan Stanley raised their price objective on Proofpoint from $116.00 to $124.00 and gave the company an “overweight” rating in a research report on Tuesday. JMP Securities raised their price objective on Proofpoint from $95.00 to $115.00 and gave the company a “market outperform” rating in a research report on Friday, January 26th. BidaskClub raised Proofpoint from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 26th. Finally, Wedbush reaffirmed an “outperform” rating and set a $108.00 price objective on shares of Proofpoint in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $104.58.

Proofpoint (PFPT) traded up $0.29 on Wednesday, hitting $102.02. The stock had a trading volume of 354,341 shares, compared to its average volume of 431,773. Proofpoint has a fifty-two week low of $70.30 and a fifty-two week high of $104.62. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 11.57. The company has a market cap of $4,602.29, a P/E ratio of -46.16 and a beta of 1.32.

In other Proofpoint news, CEO Gary Steele sold 40,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $90.88, for a total value of $3,635,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Knight sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $88.99, for a total value of $266,970.00. Following the completion of the sale, the executive vice president now directly owns 16,874 shares of the company’s stock, valued at approximately $1,501,617.26. The disclosure for this sale can be found here. In the last three months, insiders sold 165,549 shares of company stock valued at $14,900,426. Corporate insiders own 5.96% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of PFPT. D.A. Davidson & CO. boosted its holdings in 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 acquiring an additional 431 shares in the last quarter. Exane Derivatives boosted its holdings in Proofpoint by 901.8% in the fourth quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock worth $152,000 after acquiring an additional 1,542 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Proofpoint in the second quarter worth about $215,000. Gotham Asset Management LLC acquired a new stake in Proofpoint in the second quarter worth about $222,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Proofpoint by 17.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,724 shares of the software maker’s stock worth $235,000 after purchasing an additional 409 shares during the last quarter.

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Proofpoint Company Profile

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.

Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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