Proofpoint (NASDAQ:PFPT) announced its earnings results on Thursday. The software maker reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.78, MarketWatch Earnings reports. Proofpoint had a negative return on equity of 7.09% and a negative net margin of 17.35%. The business had revenue of $258.44 million for the quarter, compared to analyst estimates of $252.95 million.
Shares of NASDAQ:PFPT opened at $115.67 on Friday. Proofpoint has a 52-week low of $83.81 and a 52-week high of $133.58. The stock has a 50 day moving average price of $114.22 and a 200-day moving average price of $115.53. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.61 and a quick ratio of 1.61.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Proofpoint from a “sell” rating to a “hold” rating and set a $123.00 price objective for the company in a report on Monday, April 13th. Royal Bank of Canada reiterated a “buy” rating on shares of Proofpoint in a report on Thursday, July 23rd. Morgan Stanley upped their price objective on Proofpoint from $126.00 to $131.00 and gave the stock an “equal weight” rating in a report on Friday. Northland Securities upped their price objective on Proofpoint from $145.00 to $153.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Oppenheimer reiterated a “hold” rating on shares of Proofpoint in a report on Friday. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Proofpoint has a consensus rating of “Buy” and an average price target of $142.68.
In other news, EVP Bhagwat Swaroop sold 5,345 shares of the stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $120.00, for a total value of $641,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Knight sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $109.81, for a total value of $274,525.00. Following the completion of the transaction, the executive vice president now directly owns 17,329 shares of the company’s stock, valued at approximately $1,902,897.49. The disclosure for this sale can be found here. Insiders sold a total of 78,892 shares of company stock valued at $9,347,982 in the last three months. Corporate insiders own 2.93% of the company’s stock.
Proofpoint Company Profile
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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