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 May 26, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $57.28 per share for a total value of $1,145,508.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Eric Hahn (director other) sold 5,000 shares at $54.46 per share price.On May 4, 2016, Tracey Newell (EVP, Worldwide Sales) sold 20,000 shares at $58.17 per share price.Also, On Apr 28, 2016, Dana L Evan (director) sold 1,250 shares at $57.56 per share price.On Apr 26, 2016, Anthony J Bettencourt (director) sold 12,500 shares at $57.05 per share price.

Shares of Proofpoint Inc (PFPT) ended Friday, May 27, 2016 session in red amid volatile trading. The shares closed down -0.5 points or -0.87% at $56.84 with 12,28,545 shares getting traded. Post opening the session at $55.05, the shares hit an intraday low of $54.7 and an intraday high of $56.91 and the price vacillated in this range throughout the day. The company has a market cap of $2,359 M and the number of outstanding shares has been calculated to be 4,14,94,727 shares. The 52-week high of Proofpoint Inc is $75.46 and the 52-week low is $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 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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