Proofpoint Inc (PFPT) Files Form 4 Insider Selling : Robert Darren Lee Sells 2,000 Shares

Proofpoint Inc (PFPT): Robert Darren Lee , SVP, GM Archiving & Governance of Proofpoint Inc sold 2,000 shares on Jul 11, 2016. The Insider selling transaction was reported by the company on Jul 13, 2016 to the Securities and Exchange Commission. The shares were sold at $68.99 per share for a total value of $137,986.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 7, 2016, David Knight (EVP&GM, Info Security Products) sold 2,000 shares at $63.52 per share price.On Jul 6, 2016, Eric Hahn (director other) sold 5,000 shares at $63.27 per share price.Also, On Jun 21, 2016, Gary Steele (Chief Executive Officer) sold 20,000 shares at $63.87 per share price.On Jun 20, 2016, Tracey Newell (EVP, Worldwide Sales) sold 20,000 shares at $61.52 per share price.

Proofpoint Inc: On Monday, Jul 11, 2016 heightened volatility was witnessed in Proofpoint Inc which led to swings in the share price. The shares opened for trading at $68.8 and hit $69.7 on the upside , eventually ending the session at $69.08, with a gain of 1.54% or 1.05 points. The heightened volatility saw the trading volume jump to 11,07,846 shares. The 52-week high of the share price is $75.46 and the company has a market cap of $2,866 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 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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