Monness Crespi & Hardt Boosts Imperva Inc (IMPV) Price Target to $57.00
Imperva Inc (NYSE:IMPV) had its price target upped by Monness Crespi & Hardt from $55.00 to $57.00 in a research note released on Friday, Marketbeat reports. Monness Crespi & Hardt currently has a buy rating on the software maker’s stock.
Several other research firms have also recently commented on IMPV. Stifel Nicolaus restated a hold rating and set a $47.00 price target on shares of Imperva in a report on Friday, July 14th. Susquehanna Bancshares Inc assumed coverage on shares of Imperva in a report on Wednesday, June 7th. They set a positive rating and a $60.00 price target for the company. UBS AG assumed coverage on shares of Imperva in a report on Tuesday, June 6th. They set a positive rating and a $60.00 price target for the company. Stephens restated an overweight rating and set a $61.00 price target (up from $53.00) on shares of Imperva in a report on Thursday, July 13th. Finally, BidaskClub cut shares of Imperva from a buy rating to a hold rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $50.39.
Imperva (NYSE:IMPV) opened at 44.90 on Friday. The stock’s market cap is $1.51 billion. The firm’s 50-day moving average is $48.82 and its 200-day moving average is $45.19. Imperva has a 1-year low of $34.40 and a 1-year high of $57.24.
Imperva (NYSE:IMPV) last posted its quarterly earnings results on Thursday, July 27th. The software maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.05 by $0.15. The company had revenue of $74.44 million for the quarter, compared to analyst estimates of $74.30 million. Imperva had a return on equity of 36.67% and a net margin of 31.92%. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.23) earnings per share. On average, analysts forecast that Imperva will post $0.45 EPS for the current year.
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In other news, insider Amichai Shulman sold 3,089 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $48.70, for a total value of $150,434.30. Following the completion of the sale, the insider now directly owns 100,151 shares in the company, valued at $4,877,353.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Michael D. Mooney sold 52,356 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $47.51, for a total transaction of $2,487,433.56. Following the completion of the sale, the executive now owns 52,356 shares of the company’s stock, valued at $2,487,433.56. The disclosure for this sale can be found here. Insiders sold 60,302 shares of company stock valued at $2,875,861 over the last 90 days. 2.20% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of IMPV. Ameritas Investment Partners Inc. purchased a new stake in shares of Imperva during the first quarter worth $102,000. KCG Holdings Inc. purchased a new stake in shares of Imperva during the first quarter worth $201,000. US Bancorp DE boosted 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 worth $221,000 after buying an additional 3,163 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Imperva during the first quarter worth $224,000. Finally, Trexquant Investment LP purchased a new stake in shares of Imperva during the first quarter worth $242,000. 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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