Proofpoint, Inc. (NASDAQ:PFPT) EVP Bhagwat Swaroop sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $125.61, for a total value of $125,610.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

Bhagwat Swaroop also recently made the following trade(s):

  • On Friday, April 6th, Bhagwat Swaroop sold 3,077 shares of Proofpoint stock. The shares were sold at an average price of $117.41, for a total value of $361,270.57.
  • On Wednesday, February 14th, Bhagwat Swaroop sold 900 shares of Proofpoint stock. The shares were sold at an average price of $98.86, for a total value of $88,974.00.

PFPT stock opened at $122.07 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.07. Proofpoint, Inc. has a 52-week low of $74.42 and a 52-week high of $127.35.

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

A number of hedge funds have recently bought and sold shares of PFPT. Exane Derivatives increased its stake in Proofpoint by 901.8% during 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 during the last quarter. Sigma Planning Corp purchased a new position in shares of Proofpoint during the fourth quarter worth $238,000. GSA Capital Partners LLP purchased a new position in shares of Proofpoint during the third quarter worth $317,000. Balter Liquid Alternatives LLC purchased a new position in shares of Proofpoint during the fourth quarter worth $407,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Proofpoint during the fourth quarter worth $429,000.

Several equities research analysts recently commented on the company. Deutsche Bank increased their price target on Proofpoint from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, March 16th. Piper Jaffray reaffirmed an “overweight” rating and issued a $134.00 price target on shares of Proofpoint in a report on Friday, March 9th. Zacks Investment Research raised Proofpoint from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Wednesday, December 27th. TheStreet raised Proofpoint from a “d” rating to a “c-” rating in a report on Wednesday, February 7th. Finally, Monness Crespi & Hardt increased their price target on Proofpoint from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $116.58.

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About Proofpoint

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.

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

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