Imperva Inc (IMPV) Given Neutral Rating at Piper Jaffray Companies
Imperva Inc (NYSE:IMPV)‘s stock had its “neutral” rating reiterated by stock analysts at Piper Jaffray Companies in a research note issued on Friday, Marketbeat reports. They currently have a $58.00 target price on the software maker’s stock. Piper Jaffray Companies’ price objective points to a potential upside of 33.03% from the stock’s previous close.
IMPV has been the subject of several other research reports. Zacks Investment Research upgraded shares of Imperva from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research note on Wednesday, August 2nd. Evercore ISI set a $56.00 target price on shares of Imperva and gave the company a “buy” rating in a research note on Friday, July 28th. BidaskClub upgraded shares of Imperva from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Wells Fargo & Company cut shares of Imperva from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th. Finally, Monness Crespi & Hardt increased their target price on shares of Imperva from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Imperva currently has an average rating of “Hold” and an average target price of $51.34.
Imperva (NYSE:IMPV) traded down 5.28% on Friday, hitting $41.30. The company had a trading volume of 807,821 shares. Imperva has a 12-month low of $34.40 and a 12-month high of $52.40. The firm’s 50 day moving average price is $44.07 and its 200 day moving average price is $45.89. The stock’s market cap is $1.40 billion.
Imperva (NYSE:IMPV) last released its earnings results on Thursday, July 27th. The software maker reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.15). Imperva had a negative net margin of 4.69% and a negative return on equity of 5.00%. The company had revenue of $74.44 million during the quarter, compared to the consensus estimate of $74.30 million. During the same quarter in the previous year, the business posted ($0.23) EPS. The firm’s quarterly revenue was up 28.6% on a year-over-year basis. Equities analysts predict that Imperva will post $0.81 earnings per share for the current fiscal year.
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In other news, Director Anthony J. Bettencourt sold 99,598 shares of Imperva stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $43.59, for a total value of $4,341,476.82. Following the completion of the transaction, the director now owns 99,598 shares in the company, valued at $4,341,476.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in shares of Imperva in the first quarter valued at approximately $102,000. KCG Holdings Inc. bought a new position in shares of Imperva in the first quarter valued at approximately $201,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Imperva by 26.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,177 shares of the software maker’s stock valued at $201,000 after acquiring an additional 866 shares during the last quarter. Amalgamated Bank bought a new position in shares of Imperva in the second quarter valued at approximately $206,000. Finally, US Bancorp DE raised its stake in shares of Imperva by 142.3% in the first quarter. US Bancorp DE now owns 5,386 shares of the software maker’s stock valued at $221,000 after acquiring an additional 3,163 shares during the last quarter. 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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