Proofpoint Inc (PFPT) Files Form 4 Insider Selling : Anthony J Bettencourt Sells 12,500 Shares

Proofpoint Inc (PFPT): Anthony J Bettencourt , director of Proofpoint Inc sold 12,500 shares on Apr 25, 2016. The Insider selling transaction was reported by the company on Apr 26, 2016 to the Securities and Exchange Commission. The shares were sold at $57.05 per share for a total value of $713,175.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 18, 2016, Gary Steele (Chief Executive Officer) sold 1,900 shares at $52.00 per share price.On Apr 8, 2016, Eric Hahn (director other) sold 5,000 shares at $51.87 per share price.Also, On Apr 4, 2016, Tracey Newell (EVP, Worldwide Sales) sold 20,000 shares at $53.33 per share price.On Jan 25, 2016, David Knight (EVP&GM, Info Security Products) sold 3,700 shares at $60.02 per share price.

Proofpoint Inc: On Friday, Apr 22, 2016 heightened volatility was witnessed in Proofpoint Inc which led to swings in the share price. The shares opened for trading at $56.89 and hit $57.83 on the upside , eventually ending the session at $56.78, with a gain of 5.76% or 3.09 points. The heightened volatility saw the trading volume jump to 25,06,054 shares. The 52-week high of the share price is $75.46 and the company has a market cap of $2,337 M . The 52-week low of the share price is at $35.555.

Proofpoint Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Proofpoint Inc is Initiated by Goldman to Neutral. The Rating was issued on Mar 21, 2016.Proofpoint Inc is Reiterated by FBR Capital to Outperform while Lowering the Price Target of the company shares to $ 74 from a previous price target of $80 . The Rating was issued on Jan 29, 2016.Proofpoint Inc is Reiterated by Wedbush to Outperform while Lowering the Price Target of the company shares to $ 77 from a previous price target of $82 . The Rating was issued on Jan 29, 2016.Proofpoint Inc is Reiterated by Dougherty & Company to Buy while Lowering the Price Target of the company shares to $ 75 from a previous price target of $85 . The Rating was issued on Jan 29, 2016.

Proofpoint Inc. is a security-as-a-service provider that provides data protection solutions for large and mid-sized organizations around the world. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions including threat protection incident response regulatory compliance archiving governance eDiscovery and secure communication. The Company provides a multi-tiered security-as-a-service platform comprising solutions platform technologies and infrastructure. Its security-as-a-service platform offers a bundle of five solutions: Proofpoint Enterprise Protection Proofpoint Enterprise Privacy Proofpoint Enterprise Archive & Governance Proofpoint Nexgate Social Media Security & Compliance and Proofpoint Essentials. Its platform’s services include content inspection reputation encryption and key management notification and workflow and analytics and search.

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Proofpoint Inc - Is it time to Sell?

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