Shares of Proofpoint, Inc. (NASDAQ:PFPT) have earned a consensus rating of “Buy” from the thirty-two ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, twenty-four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $115.70.
Several equities analysts have recently weighed in on PFPT shares. Dougherty & Co increased their price objective on shares of Proofpoint from $108.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. TheStreet raised shares of Proofpoint from a “d” rating to a “c-” rating in a research report on Wednesday, February 7th. Monness Crespi & Hardt reissued a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of Proofpoint in a research report on Friday, March 2nd. ValuEngine raised shares of Proofpoint from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Goldman Sachs raised shares of Proofpoint from a “sell” rating to a “neutral” rating and set a $112.00 price objective on the stock in a research report on Tuesday, April 10th.
In other Proofpoint news, EVP Bhagwat Swaroop sold 900 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $98.86, for a total transaction of $88,974.00. Following the sale, the executive vice president now directly owns 4,077 shares in the company, valued at $403,052.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert Darren Lee sold 5,711 shares of the stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $81.45, for a total transaction of $465,160.95. The disclosure for this sale can be found here. Insiders have sold 99,197 shares of company stock worth $10,137,204 over the last quarter. Corporate insiders own 5.96% of the company’s stock.
A number of institutional investors have recently made changes to their positions in PFPT. New York State Common Retirement Fund grew its stake in Proofpoint by 1.3% during the third quarter. New York State Common Retirement Fund now owns 214,496 shares of the software maker’s stock worth $18,708,000 after buying an additional 2,810 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Proofpoint by 29.1% in the 3rd quarter. Legal & General Group Plc now owns 20,009 shares of the software maker’s stock valued at $1,747,000 after purchasing an additional 4,506 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Proofpoint by 7.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 239,900 shares of the software maker’s stock valued at $20,925,000 after purchasing an additional 15,865 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Proofpoint by 46.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 42,994 shares of the software maker’s stock valued at $3,750,000 after purchasing an additional 13,554 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Proofpoint in the 3rd quarter valued at approximately $1,061,000.
Shares of Proofpoint stock traded up $1.57 on Thursday, hitting $126.00. The company had a trading volume of 482,265 shares, compared to its average volume of 611,342. The stock has a market capitalization of $6,134.30, a PE ratio of -94.98 and a beta of 1.18. Proofpoint has a twelve month low of $70.30 and a twelve month high of $126.29. The company has a quick ratio of 1.06, a current ratio of 1.07 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 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $145.40 million during the quarter, compared to analysts’ expectations of $139.61 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The firm’s revenue was up 36.1% on a year-over-year basis. equities analysts anticipate that Proofpoint will post -1.01 EPS for the current fiscal year.
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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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