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

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

Proofpoint Inc. (NASDAQ:PFPT) CEO Gary Steele sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 34,629 shares of the company’s stock, valued at $2,911,260.03. The transaction was disclosed in a document filed with the SEC, which is available at 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) opened at 81.52 on Tuesday. Proofpoint Inc. has a 52 week low of $35.56 and a 52 week high of $88.00. The company has a 50 day moving average of $77.50 and a 200-day moving average of $71.25. The company’s market cap is $3.46 billion.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in shares of Proofpoint by 5.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,636,492 shares of the company’s stock valued at $496,741,000 after buying an additional 359,578 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Proofpoint by 3.3% in the second quarter. Vanguard Group Inc. now owns 2,900,093 shares of the company’s stock valued at $182,967,000 after buying an additional 93,122 shares in the last quarter. RS Investment Management Co. LLC increased its position in shares of Proofpoint by 0.5% in the second quarter. RS Investment Management Co. LLC now owns 1,418,156 shares of the company’s stock valued at $89,471,000 after buying an additional 7,597 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Proofpoint during the third quarter valued at approximately $93,050,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Proofpoint by 13.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,153,759 shares of the company’s stock valued at $86,359,000 after buying an additional 133,224 shares in the last quarter.

Several equities analysts have weighed in on PFPT shares. Wunderlich started coverage on shares of Proofpoint in a report on Tuesday, September 13th. They set a “buy” rating and a $90.00 target price for the company. Robert W. Baird started coverage on shares of Proofpoint in a report on Monday, November 14th. They set an “outperform” rating and a $92.00 target price for the company. Deutsche Bank AG restated a “buy” rating on shares of Proofpoint in a report on Friday, October 14th. DA Davidson started coverage on shares of Proofpoint in a report on Tuesday, October 4th. They set a “neutral” rating and a $80.00 target price for the company. Finally, Nomura raised their target price on shares of Proofpoint from $84.00 to $90.00 and gave the company a “buy” rating in a report on Friday, October 21st. Two research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Proofpoint presently has an average rating of “Buy” and an average target price of $79.33.

About Proofpoint

Related posts

Leave a Comment