BidaskClub upgraded shares of Proofpoint (NASDAQ:PFPT) from a sell rating to a hold rating in a report issued on Friday, October 12th.
Several other equities analysts have also recently weighed in on the stock. Deutsche Bank lowered their price objective on shares of Proofpoint to $125.00 and set a buy rating on the stock in a research report on Monday, October 1st. Zacks Investment Research cut shares of Proofpoint from a buy rating to a hold rating in a research report on Tuesday, September 25th. ValuEngine cut shares of Proofpoint from a strong-buy rating to a buy rating in a research report on Tuesday, September 18th. Morgan Stanley lifted their price objective on shares of Proofpoint from $135.00 to $139.00 and gave the stock an overweight rating in a research report on Friday, July 27th. Finally, Needham & Company LLC reiterated a buy rating and set a $140.00 price objective on shares of Proofpoint in a research report on Friday, July 27th. Four analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $125.05.
Proofpoint stock traded up $2.01 during mid-day trading on Friday, hitting $93.20. The company’s stock had a trading volume of 628,600 shares, compared to its average volume of 808,385. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of -71.15 and a beta of 1.42. Proofpoint has a twelve month low of $75.92 and a twelve month high of $130.27.
Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Thursday, October 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.73. Proofpoint had a negative net margin of 14.08% and a negative return on equity of 14.27%. The firm had revenue of $184.18 million for the quarter, compared to analyst estimates of $181.69 million. As a group, equities analysts predict that Proofpoint will post -1.14 EPS for the current fiscal year.
In related news, CEO Gary Steele sold 50,000 shares of Proofpoint stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $98.64, for a total value of $4,932,000.00. Following the completion of the sale, the chief executive officer now owns 154,960 shares of the company’s stock, valued at approximately $15,285,254.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael M. Johnson sold 1,040 shares of Proofpoint stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $115.30, for a total transaction of $119,912.00. Following the completion of the sale, the director now directly owns 2,687 shares of the company’s stock, valued at approximately $309,811.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,060 shares of company stock worth $16,614,402. 3.37% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Proofpoint by 2.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,427,064 shares of the software maker’s stock valued at $151,739,000 after purchasing an additional 38,862 shares during the last quarter. FMR LLC lifted its position in Proofpoint by 2.5% during the 2nd quarter. FMR LLC now owns 1,240,931 shares of the software maker’s stock worth $143,092,000 after acquiring an additional 30,271 shares during the last quarter. Jennison Associates LLC lifted its position in Proofpoint by 73.3% during the 2nd quarter. Jennison Associates LLC now owns 575,544 shares of the software maker’s stock worth $66,366,000 after acquiring an additional 243,380 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in Proofpoint by 2.9% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 558,930 shares of the software maker’s stock worth $64,450,000 after acquiring an additional 15,752 shares during the last quarter. Finally, Atlantic Trust Group LLC lifted its position in Proofpoint by 2,735.3% during the 1st quarter. Atlantic Trust Group LLC now owns 543,178 shares of the software maker’s stock worth $61,732,000 after acquiring an additional 524,020 shares during the last quarter. 95.75% of the stock is owned by institutional investors and hedge funds.
Proofpoint (PFPT) exchanged 627230 shares on hands in most recent trading session and observed an average volume with 1106.45K shares. The stock acknowledged active focus on shares in the Tuesday trading session. PFPT disclosed a change of 0.00% and its listed share value at $91.19 in the recent trade transaction. This company belong to USA Country and part of Technology sector. It has a market capitalization of $4766.5M. Using market capitalization to display company size because this is basic factor of different characteristics to develop the investors interests including risk.
PFPT revealed weekly performance of 1.83% and shown yearly performance of -0.64%. The stock moved to -28.36% in last six months and it maintained for the month at -4.12%. The stock noted year to date performance at 2.68% and changed about -22.58% over the last three months. The stocks price situated at -30.00% from 52 week high and stock price seen at 20.11% when looking at 52 week low price.
According to data provided by FINVIZ, the current analyst consensus rating supposed at 1.7 on company shares (1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). Looking ahead of 52-week period, the stock will achieve $117.4 price. This mean target price is expected by analysts.
A Simple moving average is one of the most flexible as well as most-commonly used technical analysis indicators. It is highly popular among traders, mostly because of its simplicity. It works best in a trending environment. Simple Moving Average calculated as an average of the last N-periods (20-Day, 50-Day, 200-Day).The share price is a downside from its 20 days moving average with -5.92% and trading from 50 days moving average with -12.69%. The stock price is performing along downward drift from its 200 days moving average with -19.85%.Any type of moving average can be used to generate buy or sell signals and this process is very simple. The charting software plots the moving average as a line directly into the price chart.
Currently Relative Strength Index (RSI-14) reading of stock is 39.45. RSI reading varies between 0 and 100. Speed and change of stock price movement is measured by the RSI momentum oscillator. J. Welles Wilder developed Relative Strength Index (RSI) that is used most commonly as momentum indicator. Commonly when RSI goes below 30 then stock is overload and stock is overbought when it goes above 70. 30 to 70 are considered a normal reading of a stock. General trend, finding deviations and failure swings can be detected by using RSI.
Volatility remained at 3.70% over last week and shows 4.30% volatility in last month. Market risk that established with market trade and it is measured by beta factor. Beta indicator lies at 1.46. Risk is measured on the beta factor, if beta is higher than 1 then risk is higher and if beta is lower than 1, then risk will be low. VOLATILITY is also measured by ATR an exponential moving average (14-days) of the True Ranges. ATR value stands at 4.82.
Net profit margin of the company is -14.10% that shows the company earning by every dollar of sales. Gross margin is detected at 71.50% and Operating Margin is noted at -14.60%. Return on Assets (ROA) shows that the company is profitable as compared to its total assets which is -8.70%. Return on Investment (ROI) is -12.40%. Return on Equity (ROE) is -26.60%.
Corey Yates has worked in diverse capacities from financial research to currency trading in a span of 3 years. He has more than 10 years experience in journalism and public relations. His experience in public relations includes press releases, promotional materials, and working with media outlets. Corey Yates also has professional experience in writing news, technology, and business stories. He learned CFA Level 2 from CFA Institute (USA). Corey Yates covers Business news section. Previously, he worked as a freelance writer