BidaskClub upgraded shares of Proofpoint (NASDAQ:PFPT) from a sell rating to a hold rating in a research report released on Friday.
Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus boosted their price objective on shares of Proofpoint to $130.00 and gave the stock a buy rating in a research report on Friday, July 27th. Monness Crespi & Hardt boosted their price objective on shares of Proofpoint from $135.00 to $140.00 and gave the stock a buy rating in a research report on Friday, July 27th. Zacks Investment Research cut shares of Proofpoint from a hold rating to a sell rating in a research report on Tuesday, July 24th. Needham & Company LLC restated a buy rating and issued a $140.00 price objective on shares of Proofpoint in a research report on Friday, July 27th. Finally, ValuEngine cut shares of Proofpoint from a strong-buy rating to a buy rating in a research report on Tuesday, September 18th. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $132.00.
PFPT stock traded up $4.60 during trading on Friday, hitting $101.06. The company had a trading volume of 1,449,123 shares, compared to its average volume of 762,174. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.65 and a quick ratio of 0.65. Proofpoint has a 12 month low of $82.61 and a 12 month high of $130.27. The stock has a market capitalization of $5.45 billion, a PE ratio of -77.15 and a beta of 1.25.
Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, July 26th. The software maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. Proofpoint had a negative net margin of 12.93% and a negative return on equity of 16.48%. The firm had revenue of $171.90 million during the quarter, compared to analysts’ expectations of $169.46 million. During the same quarter in the previous year, the company posted $0.17 EPS. Proofpoint’s revenue was up 40.6% on a year-over-year basis. As a group, equities analysts expect that Proofpoint will post -1.18 earnings per share for the current fiscal year.
In other news, CFO Paul R. Auvil III sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $113.70, for a total value of $4,548,000.00. Following the completion of the transaction, the chief financial officer now owns 79,528 shares of the company’s stock, valued at approximately $9,042,333.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David Knight sold 1,500 shares of the business’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $114.68, for a total transaction of $172,020.00. Following the completion of the transaction, the executive vice president now directly owns 17,694 shares of the company’s stock, valued at approximately $2,029,147.92. The disclosure for this sale can be found here. Insiders have sold a total of 288,560 shares of company stock valued at $27,215,422 in the last quarter. Corporate insiders own 3.37% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Federated Investors Inc. PA grew its holdings in shares of Proofpoint by 181.1% in the 2nd quarter. Federated Investors Inc. PA now owns 1,386 shares of the software maker’s stock valued at $160,000 after buying an additional 893 shares during the period. Cerebellum GP LLC acquired a new position in shares of Proofpoint in the 2nd quarter valued at $163,000. World Asset Management Inc acquired a new position in shares of Proofpoint in the 2nd quarter valued at $205,000. CIBC Asset Management Inc acquired a new position in shares of Proofpoint in the 2nd quarter valued at $211,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Proofpoint in the 1st quarter valued at $216,000. 95.23% of the stock is owned by institutional investors.
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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