Proofpoint (PFPT) Sets New 12-Month High and Low Following Analyst Upgrade
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.
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.
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.
ILLEGAL ACTIVITY WARNING: “Proofpoint (PFPT) Sets New 12-Month High and Low Following Analyst Upgrade” was originally published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.dailypolitical.com/2018/04/16/proofpoint-pfpt-sets-new-12-month-high-and-low-following-analyst-upgrade.html.
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.
Receive News & Ratings for Proofpoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint and related companies with MarketBeat.com's FREE daily email newsletter.