Trading Report: The 5,000 Shares of Proofpoint Inc. (PFPT) Stock are sold by Eric Hahn

The 5,000 Shares of Proofpoint Inc. (PFPT) Stock are sold by Eric Hahn

Proofpoint Inc. (NASDAQ:PFPT) Chairman Eric Hahn sold 5,000 shares of the company’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $72.90, for a total transaction of $364,500.00. Following the completion of the sale, the chairman now directly owns 121,215 shares in the company, valued at $8,836,573.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Eric Hahn also recently made the following trade(s): On Wednesday, September 28th, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $77.82, for a total transaction of $389,100.00. On Tuesday, August 23rd, Eric Hahn sold 5,000 shares of Proofpoint stock. The stock was sold at an average price of $76.04, for a total transaction of $380,200.00.

Shares of Proofpoint Inc. (NASDAQ:PFPT) opened at 73.47 on Friday. The company’s 50-day moving average is $76.16 and its 200 day moving average is $65.12. The firm’s market capitalization is $3.09 billion. Proofpoint Inc. has a 52-week low of $35.56 and a 52-week high of $80.68.

10/08/eric-hahn-sells-5000-shares-of-proofpoint-inc-pfpt-stock.html

Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, July 21st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.13. The company had revenue of $89.90 million for the quarter, compared to analyst estimates of $84.22 million. Proofpoint had a negative net margin of 41.46% and a negative return on equity of 120.27%. Equities analysts expect that Proofpoint Inc. will post $0.09 earnings per share for the current fiscal year.

A number of analysts recently issued reports on PFPT shares. Wells Fargo & Co. reissued a “buy” rating on shares of Proofpoint in a report on Sunday, September 25th. Evercore ISI started coverage on shares of Proofpoint in a report on Wednesday, June 29th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Wednesday, July 27th. Macquarie started coverage on shares of Proofpoint in a report on Friday, July 8th. They set an “outperform” rating and a $75.00 price target on the stock. Finally, Summit Redstone set a $90.00 price target on shares of Proofpoint and gave the stock a “buy” rating in a report on Tuesday, August 16th. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.44.

Large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Proofpoint by 71.9% in the third quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the company’s stock valued at $311,000 after buying an additional 1,739 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of 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 last quarter. Nomura Holdings Inc. bought a new stake in shares of Proofpoint during the second quarter valued at approximately $839,000. Schwab Charles Investment Management Inc. raised its stake in shares of Proofpoint by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 140,336 shares of the company’s stock valued at $8,854,000 after buying an additional 6,118 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Proofpoint by 6.2% in the second quarter. Stifel Financial Corp now owns 91,707 shares of the company’s stock valued at $5,787,000 after buying an additional 5,394 shares during the last quarter.

Proofpoint Company Profile

Related posts

Leave a Comment