Robert Darren Lee Sells 8,031 Shares of Proofpoint Inc (PFPT) Stock
Proofpoint Inc (NASDAQ:PFPT) SVP Robert Darren Lee sold 8,031 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $114.43, for a total transaction of $918,987.33. Following the transaction, the senior vice president now directly owns 6,698 shares of the company’s stock, valued at approximately $766,452.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Proofpoint stock opened at $116.09 on Friday. Proofpoint Inc has a 1 year low of $75.92 and a 1 year high of $130.27. The company has a market cap of $6.34 billion, a price-to-earnings ratio of -100.95 and a beta of 1.76.
Proofpoint (NASDAQ:PFPT) last announced its earnings results on Thursday, January 31st. The software maker reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.15. Proofpoint had a negative net margin of 14.47% and a negative return on equity of 13.40%. The business had revenue of $198.48 million during the quarter, compared to analyst estimates of $192.92 million. On average, equities research analysts anticipate that Proofpoint Inc will post -1.18 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. lifted its holdings in shares of Proofpoint by 4.7% in the 4th quarter. Alps Advisors Inc. now owns 4,744 shares of the software maker’s stock worth $398,000 after acquiring an additional 212 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Proofpoint by 10.2% in the 4th quarter. Prudential Financial Inc. now owns 2,920 shares of the software maker’s stock worth $245,000 after acquiring an additional 270 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Proofpoint by 88.7% in the 4th quarter. AdvisorNet Financial Inc now owns 1,170 shares of the software maker’s stock worth $98,000 after acquiring an additional 550 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Proofpoint by 1.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 64,399 shares of the software maker’s stock worth $6,848,000 after acquiring an additional 656 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Proofpoint by 4.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,782 shares of the software maker’s stock worth $1,323,000 after acquiring an additional 698 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.
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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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