Proofpoint Inc (NASDAQ:PFPT) EVP Bhagwat Swaroop sold 1,000 shares of Proofpoint stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $118.09, for a total transaction of $118,090.00. Following the completion of the transaction, the executive vice president now directly owns 3,451 shares in the company, valued at $407,528.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
PFPT stock opened at $120.75 on Wednesday. The company has a market cap of $6.62 billion, a P/E ratio of -105.00 and a beta of 1.76. Proofpoint Inc has a 52 week low of $75.92 and a 52 week high of $130.27.
Get Proofpoint alerts:Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Thursday, January 31st. The software maker reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.15. The business had revenue of $198.48 million during the quarter, compared to analysts’ expectations of $192.92 million. Proofpoint had a negative net margin of 14.47% and a negative return on equity of 13.40%. Analysts anticipate that Proofpoint Inc will post -1.18 EPS for the current year.
Several research analysts have recently weighed in on PFPT shares. First Analysis downgraded shares of Proofpoint from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $150.00 to $110.00 in a research report on Friday, October 26th. BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Wedbush dropped their target price on shares of Proofpoint from $124.00 to $115.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 8th. They noted that the move was a valuation call. Morgan Stanley dropped their target price on shares of Proofpoint from $134.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. Finally, Deutsche Bank downgraded shares of Proofpoint from a “buy” rating to a “hold” rating and dropped their target price for the stock from $125.00 to $95.00 in a research report on Friday, October 26th. Two analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $123.65.
Several hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB boosted its holdings in shares of Proofpoint by 17.6% during the fourth quarter. Nordea Investment Management AB now owns 45,688 shares of the software maker’s stock worth $3,830,000 after purchasing an additional 6,840 shares during the period. Amalgamated Bank lifted its stake in Proofpoint by 63.0% in the fourth quarter. Amalgamated Bank now owns 11,259 shares of the software maker’s stock valued at $944,000 after acquiring an additional 4,352 shares during the last quarter. Millennium Management LLC lifted its stake in Proofpoint by 0.8% in the fourth quarter. Millennium Management LLC now owns 608,634 shares of the software maker’s stock valued at $51,010,000 after acquiring an additional 4,714 shares during the last quarter. Potrero Capital Research LLC acquired a new stake in Proofpoint in the fourth quarter valued at approximately $3,621,000. Finally, Thrivent Financial for Lutherans lifted its stake in Proofpoint by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 227,771 shares of the software maker’s stock valued at $19,090,000 after acquiring an additional 873 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece of content was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/4165446/insider-selling-proofpoint-inc-pfpt-evp-sells-1000-shares-of-stock.html.
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.
Read More: What is Depreciation?
No comments:
Post a Comment