Today it was reported that a Director at Proofpoint Inc (PFPT), Evan-Dana L, exercised options to buy 854 PFPT shares at $4.88 a share, for a total transaction value of $4,167.
Following this transaction Evan-Dana L’s holding in the company was increased by 10.77% to a total of $1.06 million. Following Evan-Dana L’s last PFPT Buy transaction on March 12, 2019, the stock climbed by 1.8%.
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Based on Proofpoint Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $203 million and GAAP net loss of $28.28 million. In comparison, last year the company earned revenue of $162 million and had a GAAP net loss of $12.16 million. Currently, Proofpoint Inc has an average volume of 502K. The Company has a Price to Book ratio of 13.2485.
14 different firms, including Citigroup and FBN Securities, currently also have a Buy rating on the stock. Based on 16 analyst ratings, the analyst consensus is Strong Buy with an average price target of $140.31, reflecting a 15.5% upside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy PFPT with a $141 price target.
The insider sentiment on Proofpoint Inc has been negative according to 73 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
Evan-Dana L’s trades have generated a -23.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Proofpoint, Inc. is a cybersecurity company, which engages in the provision of cloud-based solutions. Its security-and compliance platform is comprises of an integrated suite of threat protection, information protection, and brand protection solutions, including email protection, advanced threat protection, email authentication, data loss prevention, SaaS application protection, response orchestration and automation, digital risk, web browser isolation, email encryption, archiving, eDiscovery, supervision, secure communication, phishing simulation and security awareness computer-based training. The company was founded by Eric Hahn in June 2002 and is headquartered in Sunnyvale, CA.
