TheStreet upgraded shares of Proofpoint (NASDAQ:PFPT) from a d rating to a c- rating in a report released on Wednesday morning.

PFPT has been the subject of a number of other research reports. Monness Crespi & Hardt initiated coverage on shares of Proofpoint in a research note on Monday, October 16th. They issued a buy rating and a $110.00 price objective for the company. Oppenheimer initiated coverage on shares of Proofpoint in a research note on Wednesday, November 1st. They issued a market perform rating for the company. Evercore ISI set a $105.00 price objective on shares of Proofpoint and gave the stock a buy rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of Proofpoint from a hold rating to a buy rating and set a $103.00 price objective for the company in a research note on Wednesday, December 20th. Finally, Robert W. Baird reaffirmed a hold rating and issued a $100.00 price objective on shares of Proofpoint in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Proofpoint currently has an average rating of Buy and a consensus price target of $107.63.

Proofpoint (PFPT) traded up $3.20 during trading on Wednesday, reaching $96.11. 177,279 shares of the company were exchanged, compared to its average volume of 521,857. Proofpoint has a 1 year low of $70.30 and a 1 year 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 firm has a market cap of $4,298.06, a price-to-earnings ratio of -50.59 and a beta of 1.39.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.08. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 131.99%. The firm had revenue of $145.40 million during the quarter, compared to analyst estimates of $139.61 million. During the same quarter last year, the business posted $0.18 EPS. The company’s revenue was up 36.1% on a year-over-year basis. equities analysts expect that Proofpoint will post -0.86 earnings per share for the current year.

In other news, Chairman Eric Hahn sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $93.91, for a total transaction of $469,550.00. Following the transaction, the chairman now owns 33,001 shares in the company, valued at approximately $3,099,123.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tracey Newell sold 8,183 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $96.54, for a total transaction of $789,986.82. Following the transaction, the executive vice president now owns 23,376 shares in the company, valued at approximately $2,256,719.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,549 shares of company stock valued at $14,900,426. Insiders own 5.96% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Exane Derivatives raised its holdings in Proofpoint by 901.8% in the 4th quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock worth $152,000 after acquiring an additional 1,542 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Proofpoint in the 2nd quarter worth $215,000. Gotham Asset Management LLC bought a new position in Proofpoint in the 2nd quarter worth $222,000. Sigma Planning Corp bought a new position in Proofpoint in the 4th quarter worth $238,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Proofpoint in the 2nd quarter worth $253,000.

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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.

Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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