Balter Liquid Alternatives LLC bought a new position in Proofpoint Inc (NASDAQ:PFPT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,586 shares of the software maker’s stock, valued at approximately $407,000.
Other large investors have also recently made changes to their positions in the company. Exane Derivatives boosted its position in Proofpoint by 901.8% in the fourth quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock worth $152,000 after purchasing an additional 1,542 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Proofpoint in the second quarter worth about $215,000. Gotham Asset Management LLC purchased a new position in Proofpoint in the second quarter worth about $222,000. Sigma Planning Corp purchased a new position in Proofpoint in the fourth quarter worth about $238,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Proofpoint in the second quarter worth about $253,000.
Proofpoint Inc (NASDAQ PFPT) opened at $97.05 on Monday. 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 $70.30 and a twelve month high of $104.62. The company has a market capitalization of $4,174.61, a P/E ratio of -50.81 and a beta of 1.39.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.08. Proofpoint had a negative return on equity of 131.99% and a negative net margin of 16.37%. The business had revenue of $145.40 million for the quarter, compared to the consensus estimate of $139.61 million. During the same quarter in the previous year, the company posted $0.18 EPS. The company’s revenue was up 36.1% compared to the same quarter last year. analysts anticipate that Proofpoint Inc will post -0.91 earnings per share for the current year.
In other Proofpoint news, CEO Gary Steele sold 40,000 shares of Proofpoint stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $90.88, for a total value of $3,635,200.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Tracey Newell sold 8,183 shares of Proofpoint stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $96.54, for a total value of $789,986.82. Following the completion of the sale, the executive vice president now directly owns 23,376 shares in the company, valued at approximately $2,256,719.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 162,549 shares of company stock worth $14,633,456. Corporate insiders own 5.96% of the company’s stock.
Several brokerages have issued reports on PFPT. TheStreet raised Proofpoint from a “d” rating to a “c-” rating in a research report on Wednesday, February 7th. Stifel Nicolaus raised their target price on Proofpoint from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Imperial Capital lifted their price objective on Proofpoint from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday. Wedbush reaffirmed an “outperform” rating and set a $114.00 price objective (up from $108.00) on shares of Proofpoint in a research report on Wednesday, February 7th. Finally, Monness Crespi & Hardt lifted their price objective on Proofpoint from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Proofpoint has an average rating of “Buy” and a consensus price target of $107.63.
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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.
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