Shares of Proofpoint, Inc. (NASDAQ:PFPT) hit a new 52-week high and low on Wednesday . The stock traded as low as $127.15 and last traded at $126.91, with a volume of 217832 shares trading hands. The stock had previously closed at $125.62.
Several brokerages have recently weighed in on PFPT. Cowen reiterated a “buy” rating and set a $125.00 target price on shares of Proofpoint in a research report on Friday. Citigroup lifted their target price on shares of Proofpoint from $118.00 to $140.00 and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research lowered shares of Proofpoint from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Goldman Sachs upgraded shares of Proofpoint from a “sell” rating to a “neutral” rating and set a $112.00 target price on the stock in a research report on Tuesday, April 10th. Finally, Wedbush reiterated an “outperform” rating and set a $130.00 target price on shares of Proofpoint in a research report on Monday, April 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $116.58.
The company has a market capitalization of $6,409.41, a price-to-earnings ratio of -95.90 and a beta of 1.19. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.
Proofpoint (NASDAQ:PFPT) last announced its earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.08. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 54.09%. The company had revenue of $145.40 million during the quarter, compared to the consensus estimate of $139.61 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The company’s revenue was up 36.1% on a year-over-year basis. equities analysts predict that Proofpoint, Inc. will post -1.01 EPS for the current fiscal year.
In other Proofpoint news, CEO Gary Steele sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $102.40, for a total value of $4,096,000.00. Following the completion of the transaction, the chief executive officer now directly owns 94,203 shares of the company’s stock, valued at $9,646,387.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Robert Darren Lee sold 18,139 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $97.73, for a total transaction of $1,772,724.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,303 shares of company stock valued at $9,007,666. Insiders own 5.96% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC raised its stake in shares of Proofpoint by 25.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 1,348,936 shares of the software maker’s stock worth $119,799,000 after buying an additional 271,581 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Proofpoint by 3.9% during the fourth quarter. Macquarie Group Ltd. now owns 952,921 shares of the software maker’s stock worth $84,629,000 after buying an additional 35,818 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Proofpoint by 13.4% during the fourth quarter. Alliancebernstein L.P. now owns 672,156 shares of the software maker’s stock worth $59,694,000 after buying an additional 79,595 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Proofpoint by 3.7% during the fourth quarter. Victory Capital Management Inc. now owns 654,152 shares of the software maker’s stock worth $58,095,000 after buying an additional 23,390 shares during the last quarter. Finally, Carillon Tower Advisers Inc. bought a new stake in shares of Proofpoint during the fourth quarter worth approximately $56,177,000.
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Proofpoint Company Profile
Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ?drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.
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