What Next for Proofpoint Inc Stock After Today’s Bearish Options Activity?

 What Next for Proofpoint Inc Stock After Today's Bearish Options Activity?

In today’s session Proofpoint Inc (PFPT) recorded an unusually high (1,251) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious PFPT decrease. With 1,251 contracts traded and 5184 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: PFPT161021P00070000 closed last at: $2.85 or 10.9% down. About 154,749 shares traded hands. Proofpoint Inc (NASDAQ:PFPT) has risen 33.97% since March 14, 2016 and is uptrending. It has outperformed by 28.35% the S&P500.

Analysts await Proofpoint Inc (NASDAQ:PFPT) to report earnings on October, 19. They expect $-0.46 earnings per share, up 2.13% or $0.01 from last year’s $-0.47 per share. After $-0.39 actual earnings per share reported by Proofpoint Inc for the previous quarter, Wall Street now forecasts 17.95% negative EPS growth.

Proofpoint Inc (NASDAQ:PFPT) Ratings Coverage

Out of 19 analysts covering Proofpoint Inc (NASDAQ:PFPT), 16 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 84% are positive. Proofpoint Inc has been the topic of 41 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Monday, October 19 by RBC Capital Markets. Zacks upgraded the stock to “Sell” rating in Tuesday, August 25 report. The stock has “Outperform” rating given by Imperial Capital on Monday, April 25. Dougherty & Company initiated the stock with “Buy” rating in Tuesday, November 10 report. The firm earned “Buy” rating on Wednesday, June 29 by ISI Group. The stock of Proofpoint Inc (NASDAQ:PFPT) earned “Overweight” rating by Morgan Stanley on Thursday, September 10. FBR Capital maintained Proofpoint Inc (NASDAQ:PFPT) on Tuesday, August 25 with “Outperform” rating. The firm has “Outperform” rating given on Thursday, September 17 by Wells Fargo. The stock of Proofpoint Inc (NASDAQ:PFPT) has “Buy” rating given on Wednesday, June 29 by Evercore. Wunderlich maintained the shares of PFPT in a report on Friday, July 22 with “Buy” rating.

According to Zacks Investment Research, “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 Proofpoint’s 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.”

Insitutional Activity: The institutional sentiment increased to 1.19 in Q2 2016. Its up 0.15, from 1.04 in 2016Q1. The ratio increased, as 23 funds sold all Proofpoint Inc shares owned while 68 reduced positions. 37 funds bought stakes while 71 increased positions. They now own 46.83 million shares or 1.32% more from 46.23 million shares in 2016Q1.
Proshare Advisors Ltd Llc has invested 0.01% of its portfolio in Proofpoint Inc (NASDAQ:PFPT). Sei Invs holds 5,672 shares or 0% of its portfolio. Cubist Systematic Strategies Ltd Llc last reported 0% of its portfolio in the stock. Thompson Davis holds 0.03% of its portfolio in Proofpoint Inc (NASDAQ:PFPT) for 296 shares. The Illinois-based Driehaus Cap Mngmt Lc has invested 0.44% in Proofpoint Inc (NASDAQ:PFPT). Croft has 0.11% invested in the company for 8,000 shares. Tiverton Asset Ltd Liability Corporation has 152,968 shares for 0.18% of their US portfolio. Jefferies Grp Ltd Liability Corporation reported 23,293 shares or 0.01% of all its holdings. Hhr Asset Management Ltd Liability Corporation has invested 0.81% of its portfolio in Proofpoint Inc (NASDAQ:PFPT). Harvey Capital Inc, a Florida-based fund reported 79,635 shares. Fdx Advsr has 0.01% invested in the company for 3,676 shares. Columbus Circle Invsts has 0.28% invested in the company for 449,948 shares. Fourpoints Managers Sas has invested 0.32% of its portfolio in Proofpoint Inc (NASDAQ:PFPT). The Illinois-based Northern has invested 0.01% in Proofpoint Inc (NASDAQ:PFPT). Moreover, King Luther Cap Corporation has 0.09% invested in Proofpoint Inc (NASDAQ:PFPT) for 152,425 shares.

Insider Transactions: Since April 25, 2016, the stock had 0 insider buys, and 31 insider sales for $19.40 million net activity. Shares for $153,660 were sold by Lee Robert Darren. Hahn Eric had sold 5,000 shares worth $380,192. Shares for $1.34M were sold by Newell Tracey on Monday, July 18. Knight David sold $123,182 worth of Proofpoint Inc (NASDAQ:PFPT) on Thursday, June 30. Another trade for 20,000 shares valued at $1.52M was sold by Steele Gary. Bettencourt Anthony J sold $713,175 worth of stock or 12,500 shares. Shares for $338,936 were sold by EVAN DANA L.

Proofpoint, Inc. is a security-as-a-service well-known provider that enables large and mid-sized organizations around the world. The company has a market cap of $2.99 billion. 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. It currently has negative earnings. The Company’s solutions are built on a cloud platform, which protects data through on-premise and cloud e-mail, instant messaging, social media and other Web applications, and also keeps tracks of the information as it is modified and distributed throughout the enterprise for compliance and data loss prevention.

PFPT Company Profile

Proofpoint, Inc., incorporated on June 24, 2002, is a security-as-a-service well-known provider that enables 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’s solutions are built on a cloud platform, which protects data through on-premise and cloud e-mail, instant messaging, social media and other Web applications, and also keeps tracks of the information as it is modified and distributed throughout the enterprise for compliance and data loss prevention. The Firm provides a multi-tiered security-as-a-service platform, comprising solutions, platform technologies and infrastructure. The Company’s security-as-a-service platform offers five solutions: Proofpoint Enterprise Protection, Proofpoint Information Protection, Proofpoint Enterprise Archive, Proofpoint Social Media Security & Compliance, and Proofpoint Essentials.

Another recent and important Proofpoint Inc (NASDAQ:PFPT) news was published by Seekingalpha.com which published an article titled: “Proofpoint: Can The Company Provide Proof Of Future Profits?” on October 11, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment