.jpg "Proofpoint (NASDAQ: PFPT)")
In a report issued on March 29, Matthew Hedberg from RBC Capital maintained a Buy rating on Proofpoint (PFPT), with a price target of $141.00. The company’s shares closed last Tuesday at $102.59.
According to TipRanks.com, Hedberg is a top 100 analyst with an average return of 17.6% and a 66.0% success rate. Hedberg covers the Technology sector, focusing on stocks such as Ping Identity Holding, Altair Engineering, and Netscout Systems.
Currently, the analyst consensus on Proofpoint is a Strong Buy with an average price target of $135.64, a 26.0% upside from current levels. In a report issued on March 23, Wedbush also maintained a Buy rating on the stock with a $135.00 price target.
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The company has a one-year high of $133.59 and a one-year low of $83.81. Currently, Proofpoint has an average volume of 724.2K.
Based on the recent corporate insider activity of 69 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Proofpoint, Inc. is a cybersecurity company. It engages in the provision of cloud-based solutions. The firm’s security and compliance platform comprises of an integrated suite of threat protection, information protection, and brand protection solutions. Its solutions also includes 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 May 2002 and is headquartered in Sunnyvale, CA.
