Proofpoint Inc (PFPT) Gets a Buy Rating from Robert W. Baird

Robert W. Baird analyst Jonathan Ruykhaver reiterated a Buy rating on Proofpoint Inc (PFPT) today and set a price target of $145.00. The company’s shares closed last Monday at $124.45, close to its 52-week high of $133.58.

According to, Ruykhaver is a 5-star analyst with an average return of 14.9% and a 61.9% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Varonis Systems, and Symantec Corp.

Currently, the analyst consensus on Proofpoint Inc is a Strong Buy with an average price target of $144.83, which is a 18.9% upside from current levels. In a report issued on October 21, Needham also maintained a Buy rating on the stock with a $150.00 price target.

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The company has a one-year high of $133.58 and a one-year low of $75.92. Currently, Proofpoint Inc has an average volume of 683.8K.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PFPT in relation to earlier this year.

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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.

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