Proofpoint Inc (NASDAQ:PFPT) saw some unusual options trading on Tuesday. Stock traders bought 873 put options on the stock. This represents an increase of 566% compared to the typical volume of 131 put options.

Several equities analysts have recently commented on the company. BidaskClub cut Proofpoint from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Stifel Nicolaus increased their target price on Proofpoint to $130.00 and gave the company a “buy” rating in a research note on Friday, July 27th. ValuEngine cut Proofpoint from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded Proofpoint from a “sell” rating to a “buy” rating and set a $128.00 target price for the company in a research note on Wednesday, August 1st. Finally, Wedbush reiterated an “outperform” rating and set a $136.00 target price on shares of Proofpoint in a research note on Wednesday, July 11th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $131.30.

Shares of PFPT opened at $103.74 on Wednesday. Proofpoint has a 12-month low of $82.61 and a 12-month high of $130.27. The firm has a market cap of $5.71 billion, a P/E ratio of -79.19 and a beta of 1.26. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.69.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings data on Thursday, July 26th. The software maker reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.09. Proofpoint had a negative return on equity of 16.48% and a negative net margin of 12.93%. The firm had revenue of $171.90 million for the quarter, compared to analysts’ expectations of $169.46 million. During the same period last year, the business posted $0.17 earnings per share. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. analysts predict that Proofpoint will post -1.18 EPS for the current fiscal year.

In other news, EVP Bhagwat Swaroop sold 4,000 shares of the stock in a transaction that occurred on Friday, July 6th. The stock was sold at an average price of $116.28, for a total transaction of $465,120.00. Following the completion of the transaction, the executive vice president now directly owns 13,784 shares in the company, valued at approximately $1,602,803.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP David Knight sold 7,500 shares of the stock in a transaction that occurred on Wednesday, July 11th. The shares were sold at an average price of $126.02, for a total value of $945,150.00. Following the transaction, the executive vice president now owns 24,814 shares of the company’s stock, valued at $3,127,060.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 337,174 shares of company stock valued at $34,358,075. Company insiders own 3.37% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. increased its position in Proofpoint by 4,395.0% in the first quarter. Stratos Wealth Partners LTD. now owns 899 shares of the software maker’s stock worth $102,000 after buying an additional 879 shares during the period. Federated Investors Inc. PA increased its position in Proofpoint by 181.1% in the second quarter. Federated Investors Inc. PA now owns 1,386 shares of the software maker’s stock worth $160,000 after buying an additional 893 shares during the period. Cerebellum GP LLC acquired a new stake in Proofpoint in the second quarter worth $163,000. World Asset Management Inc acquired a new stake in Proofpoint in the second quarter worth $205,000. Finally, CIBC Asset Management Inc acquired a new stake in Proofpoint in the second quarter worth $211,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

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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