Proofpoint Inc (NASDAQ:PFPT) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 1,968,012 shares, a drop of 29.3% from the August 15th total of 2,783,990 shares. Based on an average daily volume of 922,210 shares, the days-to-cover ratio is currently 2.1 days. Currently, 4.0% of the company’s shares are short sold.

Several equities analysts have weighed in on PFPT shares. Evercore ISI reaffirmed a “buy” rating and set a $135.00 target price on shares of Proofpoint in a research note on Wednesday, May 30th. BidaskClub cut Proofpoint from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 31st. Wedbush reaffirmed an “outperform” rating and set a $136.00 target price on shares of Proofpoint in a research note on Wednesday, July 11th. Zacks Investment Research cut Proofpoint from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $140.00 target price on shares of Proofpoint in a research note on Friday, July 27th. Six equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Proofpoint presently has a consensus rating of “Buy” and an average target price of $131.30.

Shares of Proofpoint stock opened at $105.14 on Tuesday. The stock has a market cap of $5.86 billion, a PE ratio of -81.17 and a beta of 1.26. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.65 and a quick ratio of 0.65. Proofpoint has a 52-week low of $82.61 and a 52-week high of $130.27.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Thursday, July 26th. The software maker reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.09. The business had revenue of $171.90 million during the quarter, compared to analyst estimates of $169.46 million. Proofpoint had a negative return on equity of 16.48% and a negative net margin of 12.93%. The firm’s revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 EPS. equities analysts expect that Proofpoint will post -1.18 earnings per share for the current fiscal year.

In other Proofpoint news, EVP Bhagwat Swaroop sold 4,000 shares of Proofpoint stock in a transaction dated Friday, July 6th. The stock was sold at an average price of $116.28, for a total transaction of $465,120.00. Following the transaction, the executive vice president now owns 13,784 shares of the company’s stock, valued at approximately $1,602,803.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Knight sold 7,500 shares of Proofpoint stock in a transaction dated Wednesday, July 11th. The shares were sold at an average price of $126.02, for a total value of $945,150.00. Following the transaction, the executive vice president now directly owns 24,814 shares in the company, valued at approximately $3,127,060.28. The disclosure for this sale can be found here. Insiders sold a total of 337,174 shares of company stock worth $34,358,075 in the last three months. 5.96% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in PFPT. SG Americas Securities LLC lifted its holdings in shares of Proofpoint by 137.2% during the 1st quarter. SG Americas Securities LLC now owns 7,765 shares of the software maker’s stock valued at $882,000 after buying an additional 4,492 shares during the last quarter. American Century Companies Inc. acquired a new stake in Proofpoint in the 1st quarter worth approximately $370,000. Swiss National Bank lifted its holdings in Proofpoint by 3.3% in the 1st quarter. Swiss National Bank now owns 78,152 shares of the software maker’s stock worth $8,882,000 after purchasing an additional 2,500 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Proofpoint by 2.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 252,349 shares of the software maker’s stock worth $28,680,000 after purchasing an additional 7,212 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Proofpoint by 2.0% in the 1st quarter. Northern Trust Corp now owns 563,249 shares of the software maker’s stock worth $64,013,000 after purchasing an additional 10,969 shares during the last quarter. Institutional investors and hedge funds own 95.24% of the company’s stock.

Proofpoint Company Profile

Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ?drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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