Todays Report: Today, 20,000 Shares of Proofpoint Inc. (PFPT) Stock are sold by Gary Steele

Today, 20,000 Shares of Proofpoint Inc. (PFPT) Stock are sold by Gary Steele

Proofpoint Inc. (NASDAQ:PFPT) CEO Gary Steele sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $84.07, for a total transaction of $1,681,400.00. Following the completion of the sale, the chief executive officer now directly owns 34,629 shares of the company’s stock, valued at approximately $2,911,260.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Gary Steele also recently made the following trade(s): On Tuesday, October 4th, Gary Steele sold 20,000 shares of Proofpoint stock. The shares were sold at an average price of $73.93, for a total transaction of $1,478,600.00.

Shares of Proofpoint Inc. (NASDAQ:PFPT) traded down 3.03% during midday trading on Monday, reaching $81.52. 557,405 shares of the company’s stock were exchanged. Proofpoint Inc. has a 12 month low of $35.56 and a 12 month high of $88.00. The company’s market cap is $3.46 billion. The firm has a 50 day moving average price of $77.50 and a 200 day moving average price of $71.25.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.14. The firm had revenue of $99.80 million for the quarter, compared to the consensus estimate of $94.27 million. Proofpoint had a negative net margin of 34.83% and a negative return on equity of 119.85%. The business’s revenue for the quarter was up 44.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.06) EPS. Equities research analysts forecast that Proofpoint Inc. will post $0.32 earnings per share for the current fiscal year.

PFPT has been the subject of several research analyst reports. Rosenblatt Securities initiated coverage on shares of Proofpoint in a report on Monday, August 1st. They issued a “buy” rating and a $95.00 price target for the company. Needham & Company LLC initiated coverage on shares of Proofpoint in a report on Monday, August 1st. They issued a “buy” rating and a $88.00 price target for the company. Summit Redstone set a $90.00 price target on shares of Proofpoint and gave the company a “buy” rating in a report on Tuesday, August 16th. FBR & Co reiterated an “outperform” rating on shares of Proofpoint in a report on Thursday, August 25th. Finally, Wunderlich initiated coverage on shares of Proofpoint in a report on Tuesday, September 13th. They issued a “buy” rating and a $90.00 price target for the company. Two analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Proofpoint currently has a consensus rating of “Buy” and an average price target of $79.33.

A number of institutional investors have recently bought and sold shares of PFPT. US Bancorp DE increased its position in Proofpoint by 5.9% in the second quarter. US Bancorp DE now owns 2,067 shares of the company’s stock worth $130,000 after buying an additional 115 shares in the last quarter. BlackRock Japan Co. Ltd increased its position in shares of Proofpoint by 360.2% in the third quarter. BlackRock Japan Co. Ltd now owns 1,919 shares of the company’s stock worth $144,000 after buying an additional 1,502 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Proofpoint by 199.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,417 shares of the company’s stock worth $152,000 after buying an additional 1,611 shares during the period. BOKF NA bought a new position in shares of Proofpoint during the second quarter worth $193,000. Finally, Mizuho Asset Management Co. Ltd. bought a new position in shares of Proofpoint during the second quarter worth $197,000.

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