Today it was reported that the SVP, GM Archiving & Governance of Proofpoint Inc (PFPT), Robert Darren Lee, exercised options to sell 8,031 PFPT shares at $53.74 a share, for a total transaction value of $918.9K.
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Based on Proofpoint Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $198 million and GAAP net loss of $21.24 million. In comparison, last year the company earned revenue of $145 million and had a GAAP net loss of $10.96 million. Currently, Proofpoint Inc has an average volume of 549.4K. The Company has a Price to Book ratio of 12.3440.
One of the top 25 analysts, according to TipRanks.com, recently recommended Buy PFPT with a $120 price target. Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $121.71, reflecting a 6.1% upside.
Robert Darren Lee’s trades have generated a -11.8% 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 security and compliance company, which engages in the provision of cloud-based solutions. Its platform comprises of an integrated suite of threat, information, and brand protection solutions including: email protection, advanced threat protection, email authentication, data loss prevention, response orchestration and automation, digital risk, web browser isolation, email encryption, archiving, eDiscovery, supervision, and secure communication. The company was founded by Eric Hahn in June 2002 and is headquartered in Sunnyvale, CA.
