Tracey Newell Sells 8,183 Shares of Proofpoint, Inc. (PFPT) Stock

Proofpoint, Inc. (NASDAQ:PFPT) EVP Tracey Newell sold 8,183 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $89.96, for a total transaction of $736,142.68. Following the sale, the executive vice president now owns 24,429 shares in the company, valued at approximately $2,197,632.84. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Tracey Newell also recently made the following trade(s):

  • On Tuesday, October 17th, Tracey Newell sold 8,183 shares of Proofpoint stock. The shares were sold at an average price of $94.82, for a total transaction of $775,912.06.
  • On Monday, September 18th, Tracey Newell sold 8,183 shares of Proofpoint stock. The shares were sold at an average price of $90.30, for a total transaction of $738,924.90.

Shares of Proofpoint, Inc. (NASDAQ PFPT) opened at $91.45 on Thursday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 11.57. Proofpoint, Inc. has a twelve month low of $69.19 and a twelve month high of $97.92.

Proofpoint (NASDAQ:PFPT) last posted its earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.07. The business had revenue of $134.30 million for the quarter, compared to analyst estimates of $131.48 million. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. Proofpoint’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 EPS. equities analysts forecast that Proofpoint, Inc. will post -0.88 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of PFPT. Public Employees Retirement System of Ohio grew its stake in Proofpoint by 13.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,870 shares of the software maker’s stock worth $1,995,000 after buying an additional 2,728 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Proofpoint in the 3rd quarter worth approximately $317,000. Sterling Capital Management LLC grew its stake in Proofpoint by 21.3% in the 3rd quarter. Sterling Capital Management LLC now owns 40,636 shares of the software maker’s stock worth $3,544,000 after buying an additional 7,139 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Proofpoint by 1.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 297,459 shares of the software maker’s stock worth $25,944,000 after buying an additional 3,051 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Proofpoint by 2.5% in the 3rd quarter. California Public Employees Retirement System now owns 89,319 shares of the software maker’s stock worth $7,790,000 after buying an additional 2,219 shares in the last quarter.

PFPT has been the subject of several analyst reports. Evercore ISI set a $105.00 price target on shares of Proofpoint and gave the company a “buy” rating in a research note on Friday, July 28th. Robert W. Baird reaffirmed a “hold” rating on shares of Proofpoint in a research note on Friday, July 28th. Piper Jaffray Companies set a $100.00 price target on shares of Proofpoint and gave the company a “buy” rating in a research note on Thursday, July 27th. Royal Bank Of Canada lifted their price objective on shares of Proofpoint from $100.00 to $103.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Dougherty & Co boosted their price target on shares of Proofpoint from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company. Proofpoint has an average rating of “Buy” and a consensus price target of $101.70.

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.

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

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