Imperva Inc (NYSE:IMPV) Cut to “Buy” at BidaskClub
Imperva Inc (NYSE:IMPV) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.
Several other brokerages have also recently issued reports on IMPV. Evercore ISI reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Imperva in a research note on Monday, May 15th. Monness Crespi & Hardt initiated coverage on shares of Imperva in a research note on Tuesday, March 14th. They issued a “buy” rating and a $52.00 price objective on the stock. Zacks Investment Research cut shares of Imperva from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. DA Davidson reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Imperva in a research note on Wednesday, March 22nd. Finally, Susquehanna Bancshares Inc initiated coverage on shares of Imperva in a research note on Wednesday, June 7th. They issued a “positive” rating and a $60.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $49.03.
Shares of Imperva (NYSE IMPV) traded up 1.07% on Wednesday, reaching $47.05. 319,424 shares of the company’s stock traded hands. The firm’s market capitalization is $1.57 billion. Imperva has a 52 week low of $34.40 and a 52 week high of $57.24. The company has a 50 day moving average price of $49.16 and a 200 day moving average price of $43.54.
Imperva (NYSE:IMPV) last announced its quarterly earnings data on Thursday, May 4th. The software maker reported ($0.29) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.62) by $0.33. The company had revenue of $72.31 million for the quarter, compared to analysts’ expectations of $68.16 million. Imperva had a net margin of 31.92% and a return on equity of 36.67%. The business’s revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.25) EPS. On average, equities research analysts predict that Imperva will post $0.45 earnings per share for the current fiscal year.
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In other Imperva news, SVP Sunil D. Nagdev sold 4,857 shares of Imperva stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $49.00, for a total value of $237,993.00. Following the completion of the sale, the senior vice president now directly owns 16,290 shares in the company, valued at $798,210. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amichai Shulman sold 3,085 shares of Imperva stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $41.97, for a total transaction of $129,477.45. Following the completion of the sale, the insider now owns 99,151 shares of the company’s stock, valued at $4,161,367.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,387 shares of company stock valued at $3,005,338. 2.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. North Run Capital LP boosted its stake in Imperva by 999.3% in the first quarter. North Run Capital LP now owns 750,000 shares of the software maker’s stock worth $30,788,000 after buying an additional 681,772 shares during the period. Clearbridge Investments LLC boosted its stake in Imperva by 47.0% in the first quarter. Clearbridge Investments LLC now owns 1,262,507 shares of the software maker’s stock worth $51,826,000 after buying an additional 403,809 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Imperva by 8,392.3% in the first quarter. BNP Paribas Arbitrage SA now owns 200,927 shares of the software maker’s stock worth $8,248,000 after buying an additional 198,561 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Imperva during the first quarter worth about $7,192,000. Finally, Bank of Nova Scotia acquired a new stake in Imperva during the first quarter worth about $7,184,000. Hedge funds and other institutional investors own 92.72% of the company’s stock.
Imperva, Inc provides cyber-security solutions that protect business-critical data and applications whether in the cloud or on premises. The Company is engaged in the development, marketing, sales, service and support of cyber-security solutions. The Company’s products include its Imperva SecureSphere Paltform, Imperva CounterBreach and Imperva Camouflage for enterprise data centers, and Imperva Incapsula offering for cloud-based security services.
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