Proofpoint, Inc. (NASDAQ:PFPT)’s share price hit a new 52-week high and low during trading on Monday after Citigroup raised their price target on the stock from $118.00 to $140.00. Citigroup currently has a buy rating on the stock. Proofpoint traded as low as $126.29 and last traded at $125.94, with a volume of 325242 shares traded. The stock had previously closed at $121.36.

A number of other equities analysts also recently commented on the company. Zacks Investment Research downgraded Proofpoint from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Goldman Sachs raised Proofpoint from a “sell” rating to a “neutral” rating and set a $112.00 price objective for the company in a research report on Tuesday, April 10th. Wedbush reissued an “outperform” rating and set a $130.00 price objective on shares of Proofpoint in a research report on Monday, April 9th. ValuEngine raised Proofpoint from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Morgan Stanley boosted their price objective on Proofpoint from $124.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, March 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $114.72.

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In other Proofpoint news, SVP Robert Darren Lee sold 18,139 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $97.73, for a total value of $1,772,724.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bhagwat Swaroop sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $98.86, for a total value of $88,974.00. Following the completion of the sale, the executive vice president now owns 4,077 shares of the company’s stock, valued at approximately $403,052.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,197 shares of company stock valued at $10,137,204. 5.96% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB purchased a new stake in Proofpoint in the fourth quarter valued at approximately $429,000. Sterling Capital Management LLC increased its holdings in shares of Proofpoint by 17.0% in the fourth quarter. Sterling Capital Management LLC now owns 47,540 shares of the software maker’s stock valued at $4,222,000 after purchasing an additional 6,904 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Proofpoint in the fourth quarter valued at approximately $1,757,000. Castleark Management LLC acquired a new position in shares of Proofpoint in the fourth quarter valued at approximately $7,439,000. Finally, Macquarie Group Ltd. increased its holdings in shares of Proofpoint by 3.9% in the fourth quarter. Macquarie Group Ltd. now owns 952,921 shares of the software maker’s stock valued at $84,629,000 after purchasing an additional 35,818 shares during the period.

The firm has a market cap of $6,134.30, a PE ratio of -94.98 and a beta of 1.18. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Proofpoint (NASDAQ:PFPT) last released its earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08. The business had revenue of $145.40 million for the quarter, compared to analyst estimates of $139.61 million. Proofpoint had a negative return on equity of 54.09% and a negative net margin of 16.37%. The company’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. research analysts anticipate that Proofpoint, Inc. will post -1.01 earnings per share for the current fiscal year.

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Proofpoint Company Profile

Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ?drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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