Robert W. Baird Maintains Their Buy Rating on Proofpoint Inc (PFPT)


In a report released today, Jonathan Ruykhaver from Robert W. Baird maintained a Buy rating on Proofpoint Inc (PFPT), with a price target of $145. The company’s shares closed yesterday at $124.39, close to its 52-week high of $131.43.

According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 23.6% and a 77.4% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Carbon Black Inc, and Varonis Systems.

Currently, the analyst consensus on Proofpoint Inc is a Strong Buy with an average price target of $142.83, a 14.8% upside from current levels. In a report issued on June 26, Piper Jaffray also reiterated a Buy rating on the stock.

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The company has a one-year high of $131.43 and a one-year low of $75.92. Currently, Proofpoint Inc has an average volume of 534.7K.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. Last month, Robert Darren Lee, the SVP, GM Archiving & Governance of PFPT sold 2,615 shares for a total of $281,952.

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.

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