Proofpoint Inc (NASDAQ:PFPT) EVP Bhagwat Swaroop sold 5,000 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $123.21, for a total value of $616,050.00. Following the completion of the transaction, the executive vice president now owns 1,540 shares in the company, valued at $189,743.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NASDAQ:PFPT opened at $123.89 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average is $114.82. Proofpoint Inc has a 1-year low of $75.92 and a 1-year high of $131.43. The company has a market cap of $6.93 billion, a PE ratio of -107.73 and a beta of 1.68.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, April 25th. The software maker reported ($0.33) earnings per share for the quarter, meeting the consensus estimate of ($0.33). Proofpoint had a negative return on equity of 13.93% and a negative net margin of 15.82%. The business had revenue of $202.90 million for the quarter, compared to analysts’ expectations of $199.32 million. During the same period last year, the business earned $0.30 EPS. The business’s revenue was up 24.9% on a year-over-year basis. Equities research analysts forecast that Proofpoint Inc will post -0.82 earnings per share for the current year.

A number of brokerages recently issued reports on PFPT. Robert W. Baird set a $120.00 target price on BioMarin Pharmaceutical and gave the stock a “buy” rating in a report on Friday, April 26th. Northland Securities increased their target price on Paycom Software from $215.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday. Zacks Investment Research upgraded Hanmi Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 20th. KeyCorp increased their target price on T-Mobile Us from $76.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, BidaskClub cut YY from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $131.60.

Large investors have recently modified their holdings of the business. Manchester Capital Management LLC bought a new position in Proofpoint during the 1st quarter valued at $56,000. Rehmann Capital Advisory Group raised its stake in shares of Proofpoint by 72.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 786 shares of the software maker’s stock worth $95,000 after purchasing an additional 329 shares during the period. World Asset Management Inc bought a new stake in shares of Proofpoint during the 1st quarter worth $207,000. Comerica Bank bought a new stake in shares of Proofpoint during the 1st quarter worth $218,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Proofpoint during the 1st quarter worth $222,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

About Proofpoint

Proofpoint, Inc operates as a security-as-a-service 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 Article: Analyzing a company’s cash flow statement

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.