BidaskClub upgraded shares of Proofpoint (NASDAQ:PFPT) from a sell rating to a hold rating in a research note published on Saturday, BidAskClub reports.

Other analysts also recently issued research reports about the stock. Robert W. Baird reaffirmed a buy rating and set a $135.00 price target on shares of Proofpoint in a research note on Friday, May 8th. Citigroup lifted their price target on shares of Proofpoint from $147.00 to $166.00 and gave the company a buy rating in a research note on Friday, May 8th. Wedbush lifted their price target on shares of Proofpoint from $135.00 to $150.00 and gave the company an outperform rating in a research note on Friday, May 8th. Morgan Stanley lifted their price target on shares of Proofpoint from $108.00 to $116.00 and gave the company an equal weight rating in a research note on Wednesday, May 13th. Finally, Northland Securities reaffirmed a buy rating and set a $145.00 price target on shares of Proofpoint in a research note on Monday, June 8th. Nine research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $140.73.

Shares of NASDAQ PFPT opened at $111.12 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $6.27 billion, a P/E ratio of -35.62 and a beta of 1.37. Proofpoint has a 1 year low of $83.81 and a 1 year high of $133.58. The firm has a 50-day simple moving average of $112.20 and a two-hundred day simple moving average of $115.33.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.11. The business had revenue of $249.77 million during the quarter, compared to the consensus estimate of $245.52 million. Proofpoint had a negative net margin of 18.85% and a negative return on equity of 10.15%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, equities research analysts expect that Proofpoint will post -1.04 EPS for the current year.

In other news, CEO Gary Steele sold 20,000 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $108.88, for a total transaction of $2,177,600.00. Following the sale, the chief executive officer now directly owns 105,954 shares of the company’s stock, valued at $11,536,271.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Knight sold 2,500 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $109.81, for a total transaction of $274,525.00. Following the sale, the executive vice president now directly owns 17,329 shares in the company, valued at $1,902,897.49. The disclosure for this sale can be found here. Insiders sold 50,991 shares of company stock worth $5,701,662 over the last ninety days. Corporate insiders own 2.38% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Proofpoint in the 4th quarter valued at $34,000. Private Capital Group LLC purchased a new position in shares of Proofpoint in the 1st quarter valued at $34,000. Nisa Investment Advisors LLC purchased a new position in shares of Proofpoint in the 1st quarter valued at $41,000. Sowell Financial Services LLC grew its position in shares of Proofpoint by 50.0% in the 1st quarter. Sowell Financial Services LLC now owns 672 shares of the software maker’s stock valued at $69,000 after buying an additional 224 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new position in shares of Proofpoint in the 1st quarter valued at $149,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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