Proofpoint Inc (PFPT) Files Form 4 Insider Selling : Gary Steele Sells 20,000 Shares

Proofpoint Inc (PFPT): Gary Steele , Chief Executive Officer of Proofpoint Inc sold 20,000 shares on Jun 21, 2016. The Insider selling transaction was reported by the company on Jun 21, 2016 to the Securities and Exchange Commission. The shares were sold at $63.87 per share for a total value of $1,276,910.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 20, 2016, Tracey Newell (EVP, Worldwide Sales) sold 20,000 shares at $61.52 per share price.On Jun 3, 2016, David Knight (EVP&GM, Info Security Products) sold 20,300 shares at $60.13 per share price.Also, On May 31, 2016, Gary Steele (Chief Executive Officer) sold 20,000 shares at $57.28 per share price.On May 25, 2016, Eric Hahn (director other) sold 5,000 shares at $54.46 per share price.

Proofpoint Inc: On Monday, Jun 20, 2016 heightened volatility was witnessed in Proofpoint Inc which led to swings in the share price. The shares opened for trading at $62 and hit $62.6 on the upside , eventually ending the session at $61.99, with a gain of 1.32% or 0.81 points. The heightened volatility saw the trading volume jump to 3,40,720 shares. The 52-week high of the share price is $75.46 and the company has a market cap of $2,572 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 Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 75 from a previous price target of $67 .The Rating was issued on Jun 9, 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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