Proofpoint Inc (PFPT) Files Form 4 Insider Selling : Eric Hahn Sells 55,000 Shares

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Proofpoint Inc (PFPT): Eric Hahn , director other of Proofpoint Inc sold 55,000 shares on Feb 21, 2017. The Insider selling transaction was reported by the company on Feb 24, 2017 to the Securities and Exchange Commission. The shares were sold at $83.36 per share for a total value of $4,599,853.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 23, 2017, Eric Hahn (director other) sold 55,000 shares at $83.36 per share price.On Feb 22, 2017, Tracey Newell (EVP, Worldwide Sales) sold 3,645 shares at $81.40 per share price.Also, On Feb 16, 2017, Gary Steele (Chief Executive Officer) sold 20,000 shares at $81.44 per share price.On Feb 3, 2017, Robert Darren Lee (SVP, GM Archiving & Governance) sold 3,000 shares at $80.14 per share price.

Shares of Proofpoint Inc (PFPT) ended Wednesday, Feb 22, 2017 session in red amid volatile trading. The shares closed down -0.58 points or -0.69% at $82.98 with 3,16,255 shares getting traded. Post opening the session at $83.46, the shares hit an intraday low of $82.77 and an intraday high of $83.87 and the price vacillated in this range throughout the day. The company has a market cap of $3,569 M and the number of outstanding shares has been calculated to be 4,30,15,000 shares. The 52-week high of Proofpoint Inc is $88 and the 52-week low is $42.63.

Proofpoint Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Proofpoint Inc is Reiterated by Imperial Capital to Outperform and the brokerage firm has raised the Price Target to $ 100 from a previous price target of $85 .The Rating was issued on Jan 30, 2017.Proofpoint Inc is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 90 from a previous price target of $87 .The Rating was issued on Jan 27, 2017.Proofpoint Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 92 from a previous price target of $85 .The Rating was issued on Jan 27, 2017.Proofpoint Inc is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 90 from a previous price target of $88 .The Rating was issued on Jan 27, 2017.Proofpoint Inc is Initiated by Wells Fargo to Outperform. The Rating was issued on Jan 11, 2017.

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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Strephen Kauffman

For any feedback and suggestions contact author at Strephen.Kauffman@themarketdigest.org

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