Could Proofpoint Inc Change Direction After Today’s Bullish Options Activity?

 Could Proofpoint Inc Change Direction After Today's Bullish Options Activity?

In today’s session Proofpoint Inc (PFPT) registered an unusually high (309) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PFPT increase. With 309 contracts traded and 7294 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PFPT161118C00080000 closed last at: $0.9 or 50% up. About 166,746 shares traded hands. Proofpoint Inc (NASDAQ:PFPT) has risen 49.64% since April 7, 2016 and is uptrending. It has outperformed by 44.86% the S&P500.

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. $90 is the highest target while $49 is the lowest. The $76.65 average target is -0.47% below today’s ($77.01) stock price. Proofpoint Inc has been the topic of 41 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Proofpoint Inc (NASDAQ:PFPT) has “Outperform” rating given on Friday, January 29 by Wedbush. Summit Redstone Partners reinitiated the shares of PFPT in a report on Tuesday, August 16 with “Buy” rating. The firm earned “Outperform” rating on Thursday, September 17 by Wells Fargo. RBC Capital Markets maintained Proofpoint Inc (NASDAQ:PFPT) rating on Monday, October 19. RBC Capital Markets has “Outperform” rating and $73 price target. The stock of Proofpoint Inc (NASDAQ:PFPT) has “Buy” rating given on Wednesday, June 29 by ISI Group. The stock has “Buy” rating given by Deutsche Bank on Tuesday, August 11. The stock has “Hold” rating given by Zacks on Tuesday, September 1. On Wednesday, June 29 the stock rating was initiated by Evercore with “Buy”. Imperial Capital maintained Proofpoint Inc (NASDAQ:PFPT) on Monday, July 27 with “In-Line” rating. The stock of Proofpoint Inc (NASDAQ:PFPT) has “Buy” rating given on Tuesday, September 29 by Stifel Nicolaus.

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 2016 Q2. Its up 0.15, from 1.04 in 2016Q1. The ratio improved, 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.
Teacher Retirement Of Texas has 0% invested in the company for 5,361 shares. Ridgeworth Capital Mgmt Ltd Liability has 12,217 shares for 0.01% of their US portfolio. Fifth Third Fincl Bank has 0% invested in the company for 194 shares. Hood River Cap Management Limited Liability Company last reported 341,156 shares in the company. Light Street Cap Limited Co has 4.18% invested in the company for 363,107 shares. Morgan Stanley last reported 0% of its portfolio in the stock. First Mercantile Tru Communication last reported 9,360 shares in the company. Waddell & Reed has 0.07% invested in the company for 526,690 shares. The Pennsylvania-based Mycio Wealth Prns Ltd has invested 0% in Proofpoint Inc (NASDAQ:PFPT). Glynn Cap Limited Liability Company last reported 77,516 shares in the company. Harvey Capital has 79,635 shares for 2.52% of their US portfolio. The Arkansas-based Stephens Ar has invested 0.07% in Proofpoint Inc (NASDAQ:PFPT). Moreover, Blair William & Communications Il has 0.01% invested in Proofpoint Inc (NASDAQ:PFPT) for 21,890 shares. Sumitomo Mitsui Asset Mngmt Co Ltd last reported 0.13% of its portfolio in the stock. Artisan Prns Limited Partnership accumulated 0.12% or 896,953 shares.

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 30 insider sales for $17.86 million net activity. Another trade for 3,000 shares valued at $234,427 was made by Knight David on Thursday, September 29. EVAN DANA L sold $111,246 worth of stock. Newell Tracey sold $257,128 worth of stock or 3,645 shares. The insider Steele Gary sold 20,000 shares worth $1.15 million. Shares for $152,100 were sold by Lee Robert Darren. Hahn Eric sold $298,503 worth of Proofpoint Inc (NASDAQ:PFPT) on Wednesday, June 29. GARN DOUGLAS F sold $933,203 worth of Proofpoint Inc (NASDAQ:PFPT) on Wednesday, July 27.

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 $3.27 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.

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