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

Proofpoint Inc (NASDAQ:PFPT) EVP Tracey Newell sold 8,183 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $91.24, for a total value of $746,616.92. Following the sale, the executive vice president now directly owns 25,001 shares in the company, valued at $2,281,091.24. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • On Friday, November 17th, Tracey Newell sold 8,183 shares of Proofpoint stock. The shares were sold at an average price of $89.96, for a total value of $736,142.68.
  • 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 value of $775,912.06.

Shares of Proofpoint Inc (NASDAQ PFPT) traded up $0.11 during midday trading on Tuesday, reaching $91.90. The company’s stock had a trading volume of 344,200 shares, compared to its average volume of 626,069. Proofpoint Inc has a 1 year low of $69.23 and a 1 year high of $97.92. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 11.57.

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

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. bought a new position in shares of Proofpoint in the second quarter worth $253,000. JPMorgan Chase & Co. grew its stake in shares of Proofpoint by 133.9% in the third quarter. JPMorgan Chase & Co. now owns 870,784 shares of the software maker’s stock worth $76,551,000 after purchasing an additional 498,462 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of Proofpoint by 63.8% in the second quarter. Federated Investors Inc. PA now owns 85,435 shares of the software maker’s stock worth $7,419,000 after purchasing an additional 33,290 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Proofpoint by 20.4% in the second quarter. Artisan Partners Limited Partnership now owns 2,786,122 shares of the software maker’s stock worth $241,919,000 after purchasing an additional 472,407 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its stake in shares of Proofpoint by 126.4% in the third quarter. Campbell & CO Investment Adviser LLC now owns 8,328 shares of the software maker’s stock worth $726,000 after purchasing an additional 4,650 shares in the last quarter.

PFPT has been the topic of several research reports. FBN Securities reissued an “outperform” rating and set a $105.00 price target (up from $100.00) on shares of Proofpoint in a research report on Saturday, September 9th. Robert W. Baird reissued a “hold” rating and set a $100.00 price target on shares of Proofpoint in a research report on Tuesday, November 7th. Deutsche Bank reissued a “buy” rating and set a $114.00 price target (up from $100.00) on shares of Proofpoint in a research report on Wednesday, October 18th. Monness Crespi & Hardt initiated coverage on Proofpoint in a research report on Monday, October 16th. They set a “buy” rating and a $110.00 price target on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $115.00 price target on shares of Proofpoint in a research report on Monday, September 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $102.09.

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Proofpoint Company Profile

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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