Large Outflow of Money Witnessed in Proofpoint

Shares of Proofpoint (NASDAQ:PFPT) advanced to $63.11. The price had gained 1.89% or 1.17 points intraday. The latest trading session witnessed $10.05 million in upticks and $12.52 million in downticks, resulting in net money flow of (-2.47) million. The up/down ratio for the day stood at 0.8. On a weekly scale, the price has seen a change of 0.81%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-1.84) million occurred during the day. $0 million in uptick and $1.84 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.


Currently the company Insiders own 6.8% of Proofpoint shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -52.45% . During last six month period, the net percent change held by insiders has seen a change of -52.45%. On the companys insider trading activities,The officer (EVP&GM, Info Security Products) of Proofpoint Inc, Knight David sold 20,300 shares at $60.13 on June 1, 2016. The Insider selling transaction had a total value worth of $1,220,639. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Proofpoint (NASDAQ:PFPT) : On Monday heightened volatility was witnessed in Proofpoint (NASDAQ:PFPT) which led to swings in the share price. The stock opened for trading at $61.83 and hit $63.56 on the upside , eventually ending the session at $63.11, with a gain of 1.89% or 1.17 points. The heightened volatility saw the trading volume jump to 708,564 shares. The 52-week high of the share price is $75.46 and the company has a market cap of $2,619 million. The 52-week low of the share price is at $35.555 .

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Imperial Capital maintains its outlook on Proofpoint (NASDAQ:PFPT). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm raises the price target from $68 per share to $69 per share. The rating by the firm was issued on April 25, 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 Companys 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 platforms services include content inspection, reputation, encryption and key management, notification and workflow, and analytics and search.

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