November 23, 2016 - By Richard Conner
Proofpoint Inc’s director, Eric Hahn, made a sale of 5,000 shares of stock in the corporation. The reported average cost paid by Eric Hahn per share was $85.1, for aggregate trade value of $425,728 US Dollars. Eric Hahn owns exactly 0.78% of Proofpoint Inc’s market cap or 329,933 shares.
Out of 20 analysts covering Proofpoint Inc (NASDAQ:PFPT), 17 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 85% are positive. $92 is the highest target while $49 is the lowest. The $77.50 average target is -7.73% below today’s ($83.99) stock price. Proofpoint Inc has been the topic of 42 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Dougherty & Company maintained Proofpoint Inc (NASDAQ:PFPT) rating on Friday, July 22. Dougherty & Company has “Buy” rating and $85 price target. The stock has “Outperform” rating given by FBR Capital on Friday, July 24. The rating was maintained by Imperial Capital with “In-Line” on Monday, July 27. Northland Capital maintained the stock with “Outperform” rating in Wednesday, July 22 report. The firm has “Buy” rating given on Tuesday, July 19 by Citigroup. On Tuesday, August 16 the stock rating was reinitiated by Summit Redstone Partners with “Buy”. The firm earned “Outperform” rating on Monday, April 25 by Imperial Capital. On Tuesday, September 29 the stock rating was reinitiated by Stifel Nicolaus with “Buy”. As per Tuesday, September 1, the company rating was downgraded by Zacks. The rating was maintained by Wells Fargo with “Outperform” on Thursday, September 17.
Insitutional Activity: The institutional sentiment increased to 1.37 in Q2 2016. Its up 0.18, from 1.19 in 2016Q1. The ratio is positive, as 23 funds sold all Proofpoint Inc shares owned while 68 reduced positions. 37 funds bought stakes while 71 increased positions. They now own 46.83 million shares or 1.32% more from 46.23 million shares in 2016Q1.
Herald Investment Management Ltd, a United Kingdom-based fund reported 92,403 shares. Susquehanna Group Llp, a Pennsylvania-based fund reported 23,817 shares. Advsr Asset Mgmt accumulated 0.02% or 20,670 shares. Tiverton Asset Management Lc accumulated 152,968 shares or 0.18% of the stock. Summit Securities Gru Ltd Llc, a New York-based fund reported 5,717 shares. The Texas-based Stephens Invest Mngmt Gp has invested 1.42% in Proofpoint Inc (NASDAQ:PFPT). Mycio Wealth Ltd Liability Corp reported 22 shares or 0% of all its holdings. Westfield Cap Mgmt L P accumulated 0.14% or 268,969 shares. Moreover, Tcs Cap Mngmt Lc has 3.57% invested in Proofpoint Inc (NASDAQ:PFPT) for 94,500 shares. Columbia Prtnrs L L C Invest Mgmt has 123,708 shares for 0.58% of their US portfolio. Panagora Asset Mngmt holds 17,999 shares or 0.01% of its portfolio. Interest has 0% invested in the company for 23,505 shares. Emerald Mutual Fund Advisers Tru has 1.14% invested in the company for 322,199 shares. Ubs Asset Americas has 0.02% invested in the company for 342,431 shares. Blackrock holds 0% or 3,463 shares in its portfolio.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 30 insider sales for $17.02 million net activity. Shares for $234,427 were sold by Knight David. Steele Gary sold $1.52M worth of Proofpoint Inc (NASDAQ:PFPT) on Thursday, August 25. EVAN DANA L sold 4,500 shares worth $338,936. $316,357 worth of Proofpoint Inc (NASDAQ:PFPT) shares were sold by Hahn Eric. Newell Tracey had sold 3,645 shares worth $314,329 on Thursday, November 17. 2,000 Proofpoint Inc (NASDAQ:PFPT) shares with value of $156,680 were sold by Lee Robert Darren. GARN DOUGLAS F had sold 12,500 shares worth $933,203.
The stock decreased 1.11% or $0.94 during the last trading session, hitting $83.99. About 548,464 shares traded hands. Proofpoint Inc (NASDAQ:PFPT) has risen 58.19% since April 21, 2016 and is uptrending. It has outperformed by 52.86% the S&P500.
Proofpoint, Inc. is a security-as-a-service well-known provider that enables large and mid-sized organizations around the world. The company has a market cap of $3.47 billion. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication. It currently has negative earnings. The Company’s solutions are built on a cloud platform, which protects data through on-premise and cloud e-mail, instant messaging, social media and other Web applications, and also keeps tracks of the information as it is modified and distributed throughout the enterprise for compliance and data loss prevention.
According to Zacks Investment Research, “Proofpoint, Inc. is a leading security-as-a-service provider that focuses on cloud-based solutions for threat protection, compliance, archiving & governance, and secure communications. Organizations around the world depend on Proofpoint’s expertise, patented technologies, and on-demand delivery system to protect against phishing, malware and spam, safeguard privacy, encrypt sensitive information, and archive and govern messages and critical enterprise information.”
Analysts await Proofpoint Inc (NASDAQ:PFPT) to report earnings on January, 26. They expect $-0.26 EPS, up 49.02% or $0.25 from last year’s $-0.51 per share. After $-0.27 actual EPS reported by Proofpoint Inc for the previous quarter, Wall Street now forecasts -3.70% EPS growth.
More recent Proofpoint Inc (NASDAQ:PFPT) news were published by: Fool.com which released: “Why Proofpoint Inc Shares Jumped Today” on July 22, 2016. Also Streetinsider.com published the news titled: “Form 4 PROOFPOINT INC For: Nov 17 Filed by: Knight David” on November 21, 2016. Globenewswire.com‘s news article titled: “Proofpoint Named A Leader In Digital Risk Monitoring and Granted ..” with publication date: September 28, 2016 was also an interesting one.
Proofpoint, Inc., incorporated on June 24, 2002, is a security-as-a-service well-known provider that enables large and mid-sized organizations around the world. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication. The Company’s solutions are built on a cloud platform, which protects data through on-premise and cloud e-mail, instant messaging, social media and other Web applications, and also keeps tracks of the information as it is modified and distributed throughout the enterprise for compliance and data loss prevention. The Firm provides a multi-tiered security-as-a-service platform, comprising solutions, platform technologies and infrastructure. The Company’s security-as-a-service platform offers five solutions: Proofpoint Enterprise Protection, Proofpoint Information Protection, Proofpoint Enterprise Archive, Proofpoint Social Media Security & Compliance, and Proofpoint Essentials.
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