Imperva Inc (IMPV) Rating Lowered to Sell at BidaskClub
Imperva Inc (NYSE:IMPV) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.
A number of other research analysts also recently weighed in on IMPV. UBS AG began coverage on shares of Imperva in a research report on Tuesday, June 6th. They set a “positive” rating and a $60.00 price objective on the stock. Zacks Investment Research upgraded shares of Imperva from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research report on Wednesday, August 2nd. Monness Crespi & Hardt increased their price objective on shares of Imperva from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Stifel Nicolaus restated a “hold” rating and set a $47.00 price objective on shares of Imperva in a research report on Friday, July 14th. Finally, Evercore ISI set a $56.00 price objective on shares of Imperva and gave the company a “buy” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $51.25.
Shares of Imperva (IMPV) opened at 43.90 on Friday. Imperva has a 12-month low of $34.40 and a 12-month high of $57.24. The company’s market cap is $1.48 billion. The company has a 50 day moving average of $48.73 and a 200-day moving average of $45.22.
Imperva (NYSE:IMPV) last issued its quarterly earnings data on Thursday, July 27th. The software maker reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.15. The company had revenue of $74.44 million for the quarter, compared to the consensus estimate of $74.30 million. Imperva had a negative net margin of 4.69% and a negative return on equity of 5.00%. The firm’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.23) EPS. Equities research analysts anticipate that Imperva will post $0.81 earnings per share for the current year.
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In other news, insider Amichai Shulman sold 3,089 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $48.70, for a total transaction of $150,434.30. Following the sale, the insider now directly owns 100,151 shares in the company, valued at approximately $4,877,353.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Michael D. Mooney sold 52,356 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $47.51, for a total transaction of $2,487,433.56. Following the sale, the executive now owns 52,356 shares in the company, valued at $2,487,433.56. The disclosure for this sale can be found here. Insiders have sold a total of 60,302 shares of company stock worth $2,875,861 over the last 90 days. Insiders own 2.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Imperva by 4.6% in the first quarter. Vanguard Group Inc. now owns 2,339,441 shares of the software maker’s stock valued at $96,033,000 after buying an additional 102,779 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Imperva by 2.2% in the first quarter. JPMorgan Chase & Co. now owns 1,627,998 shares of the software maker’s stock valued at $66,828,000 after buying an additional 34,653 shares during the last quarter. Clearbridge Investments LLC boosted its position in Imperva by 47.0% in the first quarter. Clearbridge Investments LLC now owns 1,262,507 shares of the software maker’s stock valued at $51,826,000 after buying an additional 403,809 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Imperva by 4.1% in the first quarter. Eagle Asset Management Inc. now owns 1,087,223 shares of the software maker’s stock valued at $44,630,000 after buying an additional 43,278 shares during the last quarter. Finally, North Run Capital LP boosted its position in Imperva by 999.3% in the first quarter. North Run Capital LP now owns 750,000 shares of the software maker’s stock valued at $30,788,000 after buying an additional 681,772 shares during the last quarter. 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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