Insider Selling: Proofpoint Inc (PFPT) EVP Sells 3,000 Shares of Stock

Proofpoint Inc (NASDAQ:PFPT) EVP David Knight sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $75.38, for a total transaction of $226,140.00. Following the completion of the sale, the executive vice president now owns 12,642 shares in the company, valued at $952,953.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

David Knight also recently made the following trade(s):

  • On Friday, February 24th, David Knight sold 23,000 shares of Proofpoint stock. The stock was sold at an average price of $80.07, for a total transaction of $1,841,610.00.
  • On Wednesday, January 11th, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $78.95, for a total transaction of $236,850.00.

Proofpoint Inc (NASDAQ:PFPT) traded up 7.51% on Friday, reaching $76.33. 2,163,554 shares of the company’s stock were exchanged. Proofpoint Inc has a 1-year low of $52.03 and a 1-year high of $88.00. The company has a 50 day moving average price of $76.61 and a 200-day moving average price of $77.09. The company’s market capitalization is $3.30 billion.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Thursday, April 20th. The software maker reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. Proofpoint had a negative return on equity of 110.22% and a negative net margin of 29.62%. The company earned $113.30 million during the quarter, compared to analyst estimates of $110.60 million. During the same quarter in the previous year, the firm posted ($0.09) EPS. The firm’s quarterly revenue was up 43.4% on a year-over-year basis. On average, equities research analysts anticipate that Proofpoint Inc will post $0.52 earnings per share for the current year.

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

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PFPT has been the subject of a number of recent analyst reports. Wunderlich reiterated a “buy” rating and issued a $93.00 target price (up from $90.00) on shares of Proofpoint in a research note on Sunday, January 29th. Goldman Sachs Group Inc lowered shares of Proofpoint from a “neutral” rating to a “sell” rating and set a $69.00 price target for the company. in a research report on Thursday, March 23rd. BTIG Research reaffirmed a “buy” rating on shares of Proofpoint in a report on Tuesday, January 24th. Zacks Investment Research raised shares of Proofpoint from a “sell” rating to a “hold” rating in a report on Friday, January 27th. Finally, DA Davidson reissued a “neutral” rating and issued a $79.00 price target on shares of Proofpoint in a report on Tuesday, January 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $83.57.

Hedge funds have recently made changes to their positions in the stock. A.R.T. Advisors LLC raised its stake in Proofpoint by 239.7% in the fourth quarter. A.R.T. Advisors LLC now owns 23,100 shares of the software maker’s stock worth $1,632,000 after buying an additional 16,300 shares during the last quarter. Northern Trust Corp raised its position in shares of Proofpoint by 0.6% in the third quarter. Northern Trust Corp now owns 584,319 shares of the software maker’s stock valued at $43,737,000 after buying an additional 3,370 shares in the last quarter. Flinton Capital Management LLC bought a new position in shares of Proofpoint during the fourth quarter valued at approximately $424,000. GW&K Investment Management LLC bought a new position in shares of Proofpoint during the third quarter valued at approximately $12,896,000. Finally, California State Teachers Retirement System raised its position in shares of Proofpoint by 0.8% in the third quarter. California State Teachers Retirement System now owns 86,417 shares of the software maker’s stock valued at $6,468,000 after buying an additional 700 shares in the last quarter.

About Proofpoint

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

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