Oppenheimer Holdings, Inc. restated their buy rating on shares of Imperva Inc (NYSE:IMPV) in a research report released on Thursday. They currently have a $55.00 price target on the software maker’s stock.
A number of other brokerages also recently commented on IMPV. Evercore ISI set a $56.00 price objective on shares of Imperva and gave the stock a buy rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of Imperva from a hold rating to a strong-buy rating and set a $50.00 price objective for the company in a research note on Tuesday, October 24th. Wells Fargo & Company lowered shares of Imperva from an outperform rating to a market perform rating in a report on Monday, October 9th. BidaskClub lowered shares of Imperva from a hold rating to a sell rating in a report on Saturday, August 5th. Finally, Imperial Capital cut their price target on shares of Imperva from $57.00 to $50.00 and set an outperform rating on the stock in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Imperva has an average rating of Hold and an average target price of $52.38.
Shares of Imperva (NYSE:IMPV) traded up $0.60 during trading hours on Thursday, reaching $41.20. 222,500 shares of the company were exchanged, compared to its average volume of 448,881. Imperva has a 52 week low of $35.45 and a 52 week high of $52.40.
Imperva (NYSE:IMPV) last issued its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $83.89 million during the quarter, compared to the consensus estimate of $83.79 million. Imperva had a negative net margin of 4.69% and a negative return on equity of 5.00%. Imperva’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share.
In related news, Director Anthony J. Bettencourt sold 99,598 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $43.59, for a total transaction of $4,341,476.82. Following the completion of the transaction, the director now directly owns 99,598 shares in the company, valued at $4,341,476.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of IMPV. SG Americas Securities LLC acquired a new position in shares of Imperva in the third quarter worth about $134,000. First Quadrant L P CA acquired a new position in shares of Imperva in the third quarter worth about $136,000. Ameritas Investment Partners Inc. raised its position in shares of Imperva by 18.7% in the second quarter. Ameritas Investment Partners Inc. now owns 2,940 shares of the software maker’s stock worth $141,000 after acquiring an additional 464 shares during the period. KCG Holdings Inc. acquired a new position in shares of Imperva in the first quarter worth about $201,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position 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 worth $201,000 after acquiring an additional 866 shares during the period. 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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