BidaskClub upgraded shares of Proofpoint (NASDAQ:PFPT) from a hold rating to a buy rating in a report issued on Friday.

Other equities analysts have also issued research reports about the stock. Deutsche Bank upped their price target on shares of Proofpoint from $95.00 to $100.00 and gave the stock a buy rating in a research report on Friday, September 8th. BTIG Research reaffirmed a buy rating and set a $110.00 price target on shares of Proofpoint in a research report on Monday, September 11th. Stifel Nicolaus set a $100.00 price target on shares of Proofpoint and gave the stock a buy rating in a research report on Monday, October 16th. Robert W. Baird reaffirmed a hold rating and set a $95.00 price target on shares of Proofpoint in a research report on Friday, September 8th. Finally, KeyCorp reaffirmed a hold rating on shares of Proofpoint in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $102.43.

Shares of Proofpoint (NASDAQ:PFPT) traded down $0.76 during mid-day trading on Friday, reaching $91.44. 283,353 shares of the company traded hands, compared to its average volume of 447,097. Proofpoint has a 1 year low of $69.24 and a 1 year high of $97.92. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 11.57. The firm has a market capitalization of $4,133.76, a price-to-earnings ratio of -41.38 and a beta of 1.32.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. The firm had revenue of $134.30 million during the quarter, compared to analyst estimates of $131.48 million. During the same quarter in the prior year, the business posted $0.19 earnings per share. Proofpoint’s revenue for the quarter was up 34.6% compared to the same quarter last year. sell-side analysts anticipate that Proofpoint will post -0.88 earnings per share for the current fiscal year.

In other news, EVP David Knight sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $88.99, for a total value of $266,970.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary Steele sold 40,000 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $92.35, for a total transaction of $3,694,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,549 shares of company stock valued at $15,141,422. 5.96% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. boosted its stake in shares of Proofpoint by 57.9% in the second quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock valued at $102,000 after purchasing an additional 431 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Proofpoint during the 2nd quarter valued at $215,000. Bluestein R H & Co. bought a new position in Proofpoint during the 2nd quarter valued at $217,000. Gotham Asset Management LLC bought a new position in Proofpoint during the 2nd quarter valued at $222,000. Finally, Marshall Wace LLP bought a new position in Proofpoint during the 2nd quarter valued at $225,000.

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Proofpoint Company Profile

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.

Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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