Proofpoint (NASDAQ:PFPT)‘s stock had its “overweight” rating reaffirmed by research analysts at Piper Jaffray in a report released on Friday, March 9th. They currently have a $134.00 price objective on the software maker’s stock. Piper Jaffray’s target price indicates a potential upside of 19.15% from the company’s current price.
Several other equities analysts also recently weighed in on PFPT. Zacks Investment Research upgraded Proofpoint from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Wednesday, December 27th. KeyCorp reiterated a “neutral” rating on shares of Proofpoint in a report on Friday, November 24th. Evercore ISI restated a “buy” rating and set a $105.00 price target on shares of Proofpoint in a research note on Wednesday, November 22nd. Cowen restated a “buy” rating on shares of Proofpoint in a research note on Thursday, March 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $108.00 price objective on shares of Proofpoint in a research report on Wednesday, January 3rd. Six equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $113.04.
Shares of PFPT stock traded down $1.19 during trading on Friday, hitting $112.46. The company had a trading volume of 533,531 shares, compared to its average volume of 633,097. The stock has a market cap of $5,744.59, a price-to-earnings ratio of -85.85 and a beta of 1.18. Proofpoint has a 52 week low of $70.30 and a 52 week high of $123.87. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.08. The firm had revenue of $145.40 million during the quarter, compared to analyst estimates of $139.61 million. Proofpoint had a negative return on equity of 54.09% and a negative net margin of 16.37%. The business’s quarterly revenue was up 36.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 earnings per share. sell-side analysts forecast that Proofpoint will post -1.01 EPS for the current fiscal year.
In other Proofpoint news, EVP Bhagwat Swaroop sold 900 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $98.86, for a total transaction of $88,974.00. Following the completion of the sale, the executive vice president now owns 4,077 shares of the company’s stock, valued at $403,052.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Eric Hahn sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $118.91, for a total value of $594,550.00. Following the sale, the chairman now directly owns 23,001 shares of the company’s stock, valued at approximately $2,735,048.91. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,120 shares of company stock worth $13,359,684. Company insiders own 5.96% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of PFPT. Exane Derivatives grew its stake in shares of Proofpoint by 901.8% in the fourth quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock valued at $152,000 after buying an additional 1,542 shares in the last quarter. Sigma Planning Corp acquired a new position in Proofpoint during the 4th quarter worth $238,000. Raymond James Financial Services Advisors Inc. acquired a new position in Proofpoint during the 2nd quarter worth $253,000. GSA Capital Partners LLP acquired a new position in Proofpoint during the 3rd quarter worth $317,000. Finally, Aperio Group LLC grew its stake in Proofpoint by 24.2% during the 3rd quarter. Aperio Group LLC now owns 4,461 shares of the software maker’s stock worth $389,000 after purchasing an additional 870 shares in the last quarter.
TRADEMARK VIOLATION NOTICE: This story was first published by Enterprise Leader and is the property of of Enterprise Leader. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://theenterpriseleader.com/2018/04/02/proofpoint-nasdaqpfpt-stock-rating-reaffirmed-by-piper-jaffray-companies.html.
Proofpoint Company Profile
Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.
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.