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 Jul 12, 2016. The Insider selling transaction was reported by the company on Jul 14, 2016 to the Securities and Exchange Commission. The shares were sold at $67.77 per share for a total value of $1,349,087.88 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 13, 2016, Robert Darren Lee (SVP, GM Archiving & Governance) sold 2,000 shares at $68.99 per share price.On Jul 7, 2016, David Knight (EVP&GM, Info Security Products) sold 2,000 shares at $63.52 per share price.Also, On Jul 6, 2016, Eric Hahn (director other) sold 5,000 shares at $63.27 per share price.On Jun 21, 2016, Gary Steele (Chief Executive Officer) sold 20,000 shares at $63.87 per share price.

Shares of Proofpoint Inc (PFPT) ended Wednesday, Jul 13, 2016 session in red amid volatile trading. The shares closed down -0.31 points or -0.46% at $67.37 with 6,50,956 shares getting traded. Post opening the session at $68.33, the shares hit an intraday low of $67.09 and an intraday high of $68.6 and the price vacillated in this range throughout the day. The company has a market cap of $2,795 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 Macquarie to Outperform and the brokerage firm has set the Price Target at $75. The Rating was issued on Jul 8, 2016.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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Proofpoint Inc - Is it time to Sell?

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