Proofpoint Inc (NASDAQ:PFPT) – Equities researchers at Oppenheimer cut their Q1 2018 earnings estimates for shares of Proofpoint in a research note issued to investors on Wednesday. Oppenheimer analyst S. Eyal now anticipates that the software maker will post earnings per share of ($0.34) for the quarter, down from their prior estimate of ($0.20). Oppenheimer currently has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Proofpoint’s Q2 2018 earnings at ($0.35) EPS, Q3 2018 earnings at ($0.27) EPS, Q4 2018 earnings at ($0.23) EPS, FY2018 earnings at ($1.18) EPS and FY2019 earnings at ($1.08) EPS.

Other equities analysts have also issued reports about the stock. Piper Jaffray Companies reaffirmed a “buy” rating and set a $112.00 target price on shares of Proofpoint in a report on Friday, November 24th. Evercore ISI reaffirmed a “buy” rating and set a $105.00 target price on shares of Proofpoint in a report on Wednesday, November 22nd. Deutsche Bank reaffirmed a “buy” rating and set a $114.00 target price (up from $100.00) on shares of Proofpoint in a report on Wednesday, October 18th. Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Wednesday, December 20th. Finally, BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $107.63.

Proofpoint (NASDAQ:PFPT) opened at $99.35 on Monday. The company has a debt-to-equity ratio of 11.57, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $4,884.04, a P/E ratio of -52.02 and a beta of 1.39. Proofpoint has a 1-year low of $70.30 and a 1-year high of $104.62.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share (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 company had revenue of $145.40 million during the quarter, compared to analyst estimates of $139.61 million. During the same period last year, the firm posted $0.18 EPS. Proofpoint’s revenue for the quarter was up 36.1% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its stake in Proofpoint by 5.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the software maker’s stock worth $339,000 after purchasing an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Proofpoint by 6.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,771 shares of the software maker’s stock worth $327,000 after purchasing an additional 245 shares during the last quarter. BlueCrest Capital Management Ltd boosted its stake in Proofpoint by 10.4% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 4,472 shares of the software maker’s stock worth $388,000 after purchasing an additional 422 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Proofpoint by 0.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 115,520 shares of the software maker’s stock worth $10,259,000 after purchasing an additional 550 shares during the last quarter. Finally, American International Group Inc. boosted its stake in Proofpoint by 2.1% during the 4th quarter. American International Group Inc. now owns 29,407 shares of the software maker’s stock worth $2,612,000 after purchasing an additional 603 shares during the last quarter.

In other Proofpoint news, Chairman Eric Hahn sold 5,000 shares of Proofpoint 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 sale, the chairman now owns 33,001 shares of the company’s stock, valued at approximately $3,099,123.91. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tracey Newell sold 8,183 shares of Proofpoint stock in a transaction on Friday, November 17th. The stock was sold at an average price of $89.96, for a total transaction of $736,142.68. Following the sale, the executive vice president now directly owns 24,429 shares in the company, valued at approximately $2,197,632.84. The disclosure for this sale can be found here. Insiders sold a total of 157,549 shares of company stock worth $14,186,056 in the last three months. 5.96% of the stock is owned by corporate insiders.

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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.

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