Imperva Inc (NYSE:IMPV) Given a $56.00 Price Target by Evercore ISI Analysts
A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Imperva from a buy rating to a hold rating in a research report on Tuesday, May 9th. ValuEngine downgraded shares of Imperva from a hold rating to a sell rating in a research report on Tuesday, July 11th. TheStreet raised shares of Imperva from a d rating to a c rating in a research report on Thursday, May 4th. Royal Bank Of Canada boosted their price objective on shares of Imperva from $52.00 to $55.00 and gave the company an outperform rating in a research report on Friday, May 5th. Finally, Imperial Capital reissued an outperform rating and set a $57.00 price objective (up from $55.00) on shares of Imperva in a research report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Imperva presently has a consensus rating of Hold and an average price target of $50.39.
Shares of Imperva (NYSE IMPV) opened at 45.05 on Friday. The firm’s market capitalization is $1.52 billion. The firm has a 50-day moving average of $48.82 and a 200-day moving average of $45.19. Imperva has a 12-month low of $34.40 and a 12-month high of $57.24.
Imperva (NYSE:IMPV) last issued its quarterly earnings data on Thursday, July 27th. The software maker reported ($0.10) earnings per share (EPS) 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 analysts’ expectations of $74.30 million. Imperva had a net margin of 31.92% and a return on equity of 36.67%. The firm’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.23) earnings per share. Equities analysts anticipate that Imperva will post $0.45 earnings per share for the current year.
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In other Imperva news, SVP Sunil D. Nagdev sold 4,857 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $49.00, for a total transaction of $237,993.00. Following the transaction, the senior vice president now owns 16,290 shares in the company, valued at approximately $798,210. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Michael D. Mooney sold 52,356 shares of the company’s stock in a transaction dated 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 transaction, the executive now owns 52,356 shares in the company, valued at approximately $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 in the last 90 days. Company insiders own 2.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Fisher Asset Management LLC boosted its position in Imperva by 27.1% in the first quarter. Fisher Asset Management LLC now owns 173,457 shares of the software maker’s stock valued at $7,120,000 after buying an additional 37,028 shares in the last quarter. Stephens Investment Management Group LLC boosted its position in Imperva by 1.7% in the first quarter. Stephens Investment Management Group LLC now owns 228,024 shares of the software maker’s stock valued at $9,360,000 after buying an additional 3,894 shares in the last quarter. Retirement Systems of Alabama boosted its position in Imperva by 27.6% in the first quarter. Retirement Systems of Alabama now owns 115,701 shares of the software maker’s stock valued at $4,750,000 after buying an additional 25,000 shares in the last quarter. Norges Bank bought a new position in Imperva during the fourth quarter valued at about $964,000. Finally, Bank of Nova Scotia bought a new position in Imperva during the first quarter valued at about $7,184,000. Institutional investors and hedge funds 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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