Stifel Nicolaus restated their buy rating on shares of Proofpoint Inc (NASDAQ:PFPT) in a report released on Sunday morning. Stifel Nicolaus currently has a $90.00 target price on the software maker’s stock.

Other research analysts have also recently issued reports about the company. Imperial Capital increased their price target on Proofpoint from $85.00 to $100.00 and gave the company an outperform rating in a research report on Sunday, January 29th. Wedbush reissued an outperform rating and set a $90.00 price target on shares of Proofpoint in a research report on Monday, April 3rd. Piper Jaffray Companies set a $90.00 price target on Proofpoint and gave the company a buy rating in a research report on Friday. Evercore ISI set a $90.00 price target on Proofpoint and gave the company a buy rating in a research report on Friday. Finally, Wunderlich reissued a buy rating and set a $93.00 price target on shares of Proofpoint in a research report on Sunday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $84.55.

Shares of Proofpoint (NASDAQ:PFPT) traded up 9.37% during midday trading on Friday, reaching $77.65. The company’s stock had a trading volume of 4,450,396 shares. The company’s market cap is $3.39 billion. Proofpoint has a 12 month low of $52.05 and a 12 month high of $88.00. The stock has a 50-day moving average of $76.58 and a 200 day moving average of $77.12.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, April 20th. The software maker reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. Proofpoint had a negative return on equity of 110.22% and a negative net margin of 29.62%. The firm earned $113.30 million during the quarter, compared to analysts’ expectations of $110.60 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The business’s quarterly revenue was up 43.4% compared to the same quarter last year. On average, analysts predict that Proofpoint will post $0.52 earnings per share for the current fiscal year.

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In related news, EVP Tracey Newell sold 3,645 shares of Proofpoint stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $81.19, for a total transaction of $295,937.55. Following the completion of the sale, the executive vice president now directly owns 37,513 shares of the company’s stock, valued at approximately $3,045,680.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gary Steele sold 40,000 shares of Proofpoint stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $80.63, for a total value of $3,225,200.00. Following the sale, the chief executive officer now directly owns 73,432 shares of the company’s stock, valued at $5,920,822.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,011 shares of company stock valued at $10,819,257. 6.80% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in PFPT. Ladenburg Thalmann Financial Services Inc. boosted its stake in Proofpoint by 242.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,578 shares of the software maker’s stock valued at $113,000 after buying an additional 1,117 shares during the last quarter. FNY Partners Fund LP purchased a new stake in Proofpoint during the fourth quarter valued at $141,000. BlackRock Japan Co. Ltd boosted its stake in Proofpoint by 360.2% in the third quarter. BlackRock Japan Co. Ltd now owns 1,919 shares of the software maker’s stock valued at $144,000 after buying an additional 1,502 shares during the last quarter. BOKF NA boosted its stake in Proofpoint by 2.4% in the third quarter. BOKF NA now owns 3,126 shares of the software maker’s stock valued at $234,000 after buying an additional 73 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Proofpoint by 71.9% in the third quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock valued at $311,000 after buying an additional 1,739 shares during the last quarter.

About Proofpoint

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

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