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 equities analysts recently commented on the stock. Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Monday, December 31st. ValuEngine raised shares of Proofpoint from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 2nd. BidaskClub raised shares of Proofpoint from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $115.00 price objective (down previously from $125.00) on shares of Proofpoint in a research note on Friday, February 1st. Finally, Morgan Stanley set a $120.00 target price on shares of Proofpoint and gave the company a “buy” rating in a research report on Saturday, February 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $121.65.

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.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://theolympiareport.com/2019/02/09/robert-darren-lee-sells-8031-shares-of-proofpoint-inc-pfpt-stock.html.

About Proofpoint

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.

Featured Story: Cost of Equity For A Business, Investors

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

Receive News & Ratings for Proofpoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint and related companies with MarketBeat.com's FREE daily email newsletter.