Proofpoint Inc. (NASDAQ:PFPT) went up by 1.98% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Software – Infrastructure giant went up by $109.49 to trade ended Friday trading at $107.36. This is up from the $107.36 price recorded on Thursday’s trading session. Thanks to this latest performance, PFPT is closer to the higher price 52-week target of $166.00 and further from the lowest price target of $116.00. Its performance from the start of the year has also been negative, with PFPT down by -4.61% year-to-date.
Proofpoint Inc. (PFPT) started the day trading at $107.49 and recorded an intraday high of $109.86. It also recorded an intraday low of $106.56 during Friday’s trading session. Proofpoint Inc. is a very active stock that recorded a trading volume that is more than 53.15% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 1407318, which is more than 53.15 of the total average daily trading volume of 659.39K.
Proofpoint Inc. (NASDAQ:PFPT) 2020 Performance Impressive
The increase in PFPT’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of PFPT currently stands at $133.58, which is higher than the current trading price of the stock by 18.03%. However, PFPT’s current trading price is -30.64% lower than the 52-week low price of $83.81. In terms of trading volume, Proofpoint Inc. currently experienced healthy participation during the last trading session. 1407318 shares of Proofpoint Inc. were traded on the stock exchange on Friday, which is more than 53.15% of the 659.39K average trading volume of the stock.
The performance of the stock has been positive over the past year. PFPT’s performance over the past one year has seen it plunge by -6.27%, while the stock has gone down by -4.58% in the last six months. The quarterly performance of PFPT currently stands at 4.31%, and it is down by -3.59% in the last month. The only negative figure was from the weekly performance, which currently reads -0.35%. At the time of writing PFPT’s report, the company has a total market cap of $6.15B, making it one of the largest publicly-traded companies in the world.Proofpoint Inc. also has over 3368 employees all over the world.
PFPT Insider Activities
For Proofpoint Inc., insiders hold 99.50% of all company shares. The insider transactions over the past six months are up by 5.10%. During that period, insiders bought 254,807 shares in 51 transactions. In that same period, insiders sold 295,475 of their shares in 68 transactions. After these transactions, insiders at Proofpoint Inc. now hold 946.65k shares, which is over 101.76% of the total company stocks. Institutional investors currently hold a large chunk of the PFPT shares, as they control 1.65% of the company’s total stock.
PFPT Fundamental Analysis
For Proofpoint Inc., the stock’s diluted earnings per share (EPS) stands at -3.12. In the coming year, analysts expect the EPS to be 2.02. The EPS growth will up over the next five years to 23.50% after plunging by -7.70% in the previous five years. In terms of revenue, Proofpoint Inc.’s quarterly sales (YOY) is growing at 0.39, which is higher than the average annual revenue of -7.70% over the past half a decade.
The Return on Investment (ROI) on Proofpoint Inc.’s stock currently stands at -9.30%, and it has a net profit margin of -18.80%. The operating margin of the company is -12.70%, and its gross margin is 73.30%.
PFPT Analysts Prediction
and Morgan Stanley reiterate their Equal-Weight position on the stock ($146 and $137).
Needham and Monness Crespi & Hardt also believe that Proofpoint Inc.’s stock is outperforming at the moment.
PFPT Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of PFPT currently stands at -1.61%, while the SMA50 is -5.20%. The biggest one is the SMA200, which is currently reading -6.81% ahead of Friday’s trading session. The Relative Strength Index of this stock is 45.88.
