Proofpoint Inc (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $80.50, for a total transaction of $402,500.00. Following the sale, the chairman now owns 80,760 shares in the company, valued at approximately $6,501,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Eric Hahn also recently made the following trade(s):
Proofpoint Inc (NASDAQ:PFPT) opened at 80.85 on Tuesday. Proofpoint Inc has a 52-week low of $46.58 and a 52-week high of $88.00. The firm has a 50-day moving average of $80.62 and a 200 day moving average of $77.35. The company’s market capitalization is $3.50 billion.
Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, January 26th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. The firm earned $106.80 million during the quarter, compared to analyst estimates of $104.81 million. Proofpoint had a negative net margin of 29.62% and a negative return on equity of 110.22%. Proofpoint’s revenue was up 42.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.11) EPS. Equities analysts predict that Proofpoint Inc will post $0.52 earnings per share for the current fiscal year.
PFPT has been the topic of a number of recent analyst reports. Wunderlich reiterated a “buy” rating and set a $93.00 price target (up previously from $90.00) on shares of Proofpoint in a report on Sunday, January 29th. DA Davidson restated a “neutral” rating and issued a $79.00 target price on shares of Proofpoint in a report on Tuesday, January 24th. Zacks Investment Research cut shares of Proofpoint from a “hold” rating to a “sell” rating in a report on Thursday, January 12th. Wells Fargo & Co began coverage on shares of Proofpoint in a report on Wednesday, January 11th. They issued an “outperform” rating on the stock. Finally, Wedbush raised their target price on shares of Proofpoint from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, January 27th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Proofpoint has a consensus rating of “Buy” and a consensus price target of $83.10.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new position in Proofpoint during the third quarter valued at approximately $93,050,000. 1832 Asset Management L.P. purchased a new position in Proofpoint during the third quarter valued at approximately $54,501,000. Two Sigma Advisers LP raised its position in Proofpoint by 2,765.4% in the third quarter. Two Sigma Advisers LP now owns 370,092 shares of the company’s stock valued at $27,701,000 after buying an additional 357,176 shares during the period. GW&K Investment Management LLC purchased a new position in Proofpoint during the third quarter valued at approximately $12,896,000. Finally, Macquarie Group Ltd. raised its position in Proofpoint by 45.3% in the second quarter. Macquarie Group Ltd. now owns 482,327 shares of the company’s stock valued at $30,430,000 after buying an additional 150,284 shares during the period.
Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations around the world. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.