Proofpoint, Inc. (PFPT)’s Trend Up, Especially After Today’s Strong Session

July 11, 2018 - By Marie Mckinney

Proofpoint, Inc. (NASDAQ:PFPT) Logo

Investors sentiment decreased to 0.84 in 2018 Q1. Its down 0.49, from 1.33 in 2017Q4. It turned negative, as 31 investors sold Proofpoint, Inc. shares while 100 reduced holdings. 45 funds opened positions while 65 raised stakes. 49.43 million shares or 0.21% less from 49.53 million shares in 2017Q4 were reported.
Fifth Third Comml Bank invested 0% in Proofpoint, Inc. (NASDAQ:PFPT). Advisory Ser Ltd Com holds 22 shares. State Board Of Administration Of Florida Retirement reported 0.01% stake. Moreover, American Century Companies has 0% invested in Proofpoint, Inc. (NASDAQ:PFPT). Proshare Advisors Llc, Maryland-based fund reported 7,931 shares. Janney Montgomery Scott Ltd Limited Liability Company accumulated 0.01% or 10,088 shares. Brown Advisory Incorporated holds 0.09% in Proofpoint, Inc. (NASDAQ:PFPT) or 173,330 shares. Atlantic Trust Gru accumulated 543,178 shares. Stifel reported 0.04% in Proofpoint, Inc. (NASDAQ:PFPT). Asset Mgmt One Com Limited invested 0% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT). Balyasny Asset Limited Liability Company holds 0.02% or 40,515 shares in its portfolio. Ohio-based Victory Mngmt Incorporated has invested 0.1% in Proofpoint, Inc. (NASDAQ:PFPT). Millrace Asset Inc accumulated 5,500 shares. Walleye Trading Lc owns 5,988 shares. Millennium Lc accumulated 0.02% or 140,693 shares.

Since January 17, 2018, it had 0 insider purchases, and 13 insider sales for $10.30 million activity. Swaroop Bhagwat also sold $465,120 worth of Proofpoint, Inc. (NASDAQ:PFPT) shares. $790,016 worth of Proofpoint, Inc. (NASDAQ:PFPT) was sold by Newell Tracey on Wednesday, January 17. $529,668 worth of Proofpoint, Inc. (NASDAQ:PFPT) was sold by Hahn Eric. 4,711 shares valued at $579,307 were sold by Lee Robert Darren on Wednesday, June 6.

The stock of Proofpoint, Inc. (NASDAQ:PFPT) is a huge mover today! The stock increased 3.01% or $3.56 during the last trading session, reaching $122.02. About 544,561 shares traded. Proofpoint, Inc. (NASDAQ:PFPT) has risen 38.74% since July 11, 2017 and is uptrending. It has outperformed by 26.17% the S&P500.
The move comes after 5 months positive chart setup for the $6.21 billion company. It was reported on Jul, 11 by Barchart.com. We have $133.00 PT which if reached, will make NASDAQ:PFPT worth $558.45 million more.

Analysts await Proofpoint, Inc. (NASDAQ:PFPT) to report earnings on July, 26. They expect $-0.36 earnings per share, up 7.69 % or $0.03 from last year’s $-0.39 per share. After $-0.07 actual earnings per share reported by Proofpoint, Inc. for the previous quarter, Wall Street now forecasts 414.29 % negative EPS growth.

Proofpoint, Inc. (NASDAQ:PFPT) Ratings Coverage

Among 16 analysts covering Proofpoint (NASDAQ:PFPT), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Proofpoint had 26 analyst reports since January 30, 2018 according to SRatingsIntel. Morgan Stanley maintained the shares of PFPT in report on Thursday, March 22 with “Overweight” rating. The company was maintained on Thursday, February 8 by Imperial Capital. Piper Jaffray maintained Proofpoint, Inc. (NASDAQ:PFPT) rating on Friday, March 9. Piper Jaffray has “Buy” rating and $134.0 target. RBC Capital Markets maintained Proofpoint, Inc. (NASDAQ:PFPT) rating on Monday, April 23. RBC Capital Markets has “Buy” rating and $13400 target. Citigroup maintained Proofpoint, Inc. (NASDAQ:PFPT) rating on Monday, April 16. Citigroup has “Buy” rating and $140 target. The stock of Proofpoint, Inc. (NASDAQ:PFPT) earned “Buy” rating by BTIG Research on Monday, March 5. As per Friday, April 27, the company rating was maintained by Wedbush. The rating was maintained by Cowen & Co on Friday, April 20 with “Buy”. The firm earned “Buy” rating on Wednesday, February 7 by Wedbush. Piper Jaffray maintained Proofpoint, Inc. (NASDAQ:PFPT) on Thursday, March 1 with “Buy” rating.

More important recent Proofpoint, Inc. (NASDAQ:PFPT) news were published by: Seekingalpha.com which released: “Proofpoint appoints Klaus Oestermann as President and Chief operating Officer” on July 09, 2018, also Globenewswire.com published article titled: “Proofpoint to Report Second Quarter 2018 Financial Results”, Nasdaq.com published: “Proofpoint Launches Innovative Cloud Account Defense Solution to Detect and Respond to Compromised Microsoft …” on July 11, 2018. More interesting news about Proofpoint, Inc. (NASDAQ:PFPT) was released by: Seekingalpha.com and their article: “Under Armour Is A Winner – Cramer’s Lightning Round (6/20/18)” with publication date: June 21, 2018.

Proofpoint, Inc. operates as a security-as-a-service well-known provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. The company has market cap of $6.21 billion. It offers threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery, and secure communication solutions. It currently has negative earnings. The firm provides email security products that include Enterprise Protection secure email gateway, Email Fraud Defense, Email Continuity, and Proofpoint Essentials, which are design to protect customers' mission-critical messaging infrastructure from outside threats, enable enterprises to authenticate their email to reduce consumer phishing, fight business email compromise attacks, and keep email operational in the event of a service well-known provider outage.

Proofpoint, Inc. (NASDAQ:PFPT) Institutional Positions Chart

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