Large Outflow of Money Witnessed in Proofpoint, Inc.

Shares of Proofpoint, Inc. (PFPT) traded 0.13 points or 0.16% higher at $80.29.The total intraday money flow for the shares came in at a disappointing $(-2.13) million. The total upticks amounted to $8.38 million and the total downticks were approximately $10.51 million, with the up/down ratio of 0.8. On a different note, the shares have seen 3.03% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $2.46 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-2.46) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Proofpoint, Inc. has dropped 0.88% in the last five trading days, however, the shares have posted positive gains of 13.36% in the last 4 weeks. Proofpoint, Inc. is up 2.18% in the last 3-month period. Year-to-Date the stock performance stands at 13.36%. Proofpoint, Inc. (NASDAQ:PFPT) witnessed a decline in the market cap on Wednesday as its shares dropped 0.09% or 0.07 points. After the session commenced at $80.14, the stock reached the higher end at $81.44 while it hit a low of $79.69. With the volume soaring to 869,432 shares, the last trade was called at $80.09. The company has a 52-week high of $88. The company has a market cap of $3,445 million and there are 43,015,000 shares in outstanding. The 52-week low of the share price is $35.555.

Company has reported several Insider transactions to the SEC, on Jan 19, 2017, Tracey Newell (EVP, Worldwide Sales) sold 3,645 shares at 80.71 per share price.On Jan 13, 2017, David Knight (EVP/GM, Threat Sys Product Grp) sold 3,000 shares at 78.71 per share price.On Jan 12, 2017, Gary Steele (Chief Executive Officer) sold 20,000 shares at 78.36 per share price.

Proofpoint Inc Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $0.13. The company had revenue of $106.80 million for the quarter, compared to analysts expectations of $104.65 million. The companys revenue was up 42.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Imperial Capital on Jan 30, 2017 to Outperform, Raises Price Target to $ 100 from a previous price target of $85 .Company shares were Reiterated by Wedbush on Jan 27, 2017 to Outperform, Raises Price Target to $ 90 from a previous price target of $87 .Company shares were Reiterated by RBC Capital Mkts on Jan 27, 2017 to Outperform, Raises Price Target to $ 92 from a previous price target of $85 .Company shares were Reiterated by Dougherty & Company on Jan 27, 2017 to Buy, Raises Price Target to $ 90 from a previous price target of $88 .Proofpoint Inc was Initiated by Wells Fargo to Outperform on Jan 11, 2017.

Proofpoint, Inc. is a leading security-as-a-service provider that focuses on cloud-based solutions for threat protection, compliance, archiving & governance, and secure communications. Organizations around the world depend on Proofpoints expertise, patented technologies, and on-demand delivery system to protect against phishing, malware and spam, safeguard privacy, encrypt sensitive information, and archive and govern messages and critical enterprise information.


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