November 29, 2016 - By Linda Rogers
Gary Steele, an insider and also Chief Executive Officer of the leading company Proofpoint Inc made transaction. He sold 20,000 shares of the corporation with the deal having an approx. value of $1,681,336 USD – based on a stock price of $84.1 per every share. Published 28/11/2016, you can learn more about the trade by referring to the following legal document here. Gary Steele now has 14,629 shares which make up precisely 0.04% of the California-based company’s market capitalization.
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 -4.93% below today’s ($81.52) stock price. Proofpoint Inc has been the topic of 42 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, March 21 by Goldman Sachs. The company was initiated on Thursday, September 10 by Morgan Stanley. The firm has “Outperform” rating by FBR Capital given on Friday, January 29. Northland Capital maintained Proofpoint Inc (NASDAQ:PFPT) rating on Friday, July 24. Northland Capital has “Outperform” rating and $85 price target. The stock has “Buy” rating given by Stifel Nicolaus on Tuesday, September 29. Evercore initiated the stock with “Buy” rating in Wednesday, June 29 report. Summit Redstone Partners reinitiated it with “Buy” rating and $90 target price in Tuesday, August 16 report. The stock of Proofpoint Inc (NASDAQ:PFPT) has “Buy” rating given on Tuesday, July 19 by Citigroup. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, October 19. The firm has “Buy” rating by ISI Group given on Wednesday, June 29.
Insitutional Activity: The institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.18, from 1.19 in 2016Q1. The ratio improved, 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.
Tcs Cap Mgmt Ltd Limited Liability Company, a New York-based fund reported 94,500 shares. Bokf Na holds 0.01% or 3,053 shares in its portfolio. Elk Creek Ptnrs Limited Liability Corporation has invested 0.56% of its portfolio in Proofpoint Inc (NASDAQ:PFPT). Ridgeworth Mngmt Limited Com last reported 12,217 shares in the company. Moreover, State Board Of Administration Of Florida Retirement Sys has 0% invested in Proofpoint Inc (NASDAQ:PFPT) for 22,132 shares. Pnc Ser Gp Inc holds 0% of its portfolio in Proofpoint Inc (NASDAQ:PFPT) for 2,951 shares. Us Bank De reported 2,067 shares or 0% of all its holdings. Strs Ohio has invested 0% of its portfolio in Proofpoint Inc (NASDAQ:PFPT). Passport Cap Limited Liability Corporation last reported 0.07% of its portfolio in the stock. Thrivent For Lutherans has 0.08% invested in the company for 264,618 shares. Credit Suisse Ag holds 183,326 shares or 0.01% of its portfolio. Fred Alger Mngmt Incorporated, a New York-based fund reported 428,832 shares. Millrace Asset Gp holds 1.76% of its portfolio in Proofpoint Inc (NASDAQ:PFPT) for 17,134 shares. Parametric Associate Ltd Com holds 0.01% or 133,960 shares in its portfolio. Bankshares Of Montreal Can has 0.01% invested in the company for 136,413 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 30 insider sales for $16.23 million net activity. 2,000 shares were sold by Lee Robert Darren, worth $156,680. Newell Tracey also sold $314,329 worth of Proofpoint Inc (NASDAQ:PFPT) on Thursday, November 17. Shares for $933,203 were sold by GARN DOUGLAS F on Wednesday, July 27. 5,000 Proofpoint Inc (NASDAQ:PFPT) shares with value of $364,481 were sold by Hahn Eric. Knight David had sold 2,000 shares worth $123,182 on Thursday, June 30. Another trade for 20,000 shares valued at $1.52M was sold by Steele Gary. EVAN DANA L also sold $111,246 worth of Proofpoint Inc (NASDAQ:PFPT) shares.
The stock decreased 3.03% or $2.55 during the last trading session, hitting $81.52. About 557,405 shares traded hands. Proofpoint Inc (NASDAQ:PFPT) has risen 46.95% since April 25, 2016 and is uptrending. It has outperformed by 40.94% 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 earnings per share, up 49.02% or $0.25 from last year’s $-0.51 per share. After $-0.27 actual earnings per share 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: Streetinsider.com which released: “Form 4 PROOFPOINT INC For: Nov 23 Filed by: Steele Gary” on November 29, 2016. Also Fool.com published the news titled: “Why Proofpoint Inc Shares Jumped Today” on July 22, 2016. Schaeffersresearch.com‘s news article titled: “Analyst Update: Advanced Micro Devices, Inc., Proofpoint Inc, and CBS Corporation” with publication date: October 21, 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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By Linda Rogers