Proofpoint Inc (PFPT) Stock Rating Reaffirmed by Stifel Nicolaus
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.
COPYRIGHT VIOLATION WARNING: This article was first posted by Marea Informative and is owned by of Marea Informative. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at http://www.mareainformativa.com/proofpoint-inc-pfpt-stock-rating-reaffirmed-by-stifel-nicolaus/111859/.
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.
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.
Receive News & Stock Ratings for Proofpoint Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint Inc and related stocks with our FREE daily email newsletter.