On Tuesday, Imperva Inc (NASDAQ:$IMPV) saw its rating from William Blair downgraded from ‘Outperform’ to ‘Market-Perform’.
Imperva, Inc is a cybersecurity solution that specializes in protecting both cloud-based and on-location business-critical data. They develop, market, and sell services and support for cyber-security solutions.
Multiple other analysts have recently weighed in on the firm;
- Evercore ISI (NYSE:$EVR): In a report on Thursday, August 10th, Evercore ISI gave the company a ‘Buy’ rating and set a target price of $56.00.
- Piper Jaffray Companies (NYSE:$PJC): In a report on Monday, August 28th, Piper Jaffray gave the company a rating of ‘Buy’ and set a target price of $58.00.
- BidaskClub: In a report on Tuesday, September 12th, BidaskClub upgraded its rating from ‘Sell’ to ‘Hold’.
- Zacks Investment Research: In a report on Wednesday, September 27th, Zacks downgraded their rating from ‘Strong-Buy’ to ‘Hold’.
- Wells Fargo & Company (NYSE:$WFC): In a research report on Monday, Wells Fargo & Company downgraded their rating from ‘Outperform’ to ‘Market-Perform’.
In total, the company has 12 ‘Buy’ ratings, 10 ‘Hold’ ratings, and 1 ‘Sell’ rating, giving them an average consensus of ‘Hold’ and a target price of $52.34.
Imperva’s last earning report was posted Thursday, July 27th. In the report, it listed Earnings Per Share of -$0.10, below the consensus estimates of $0.50. During the same quarter last year, the company posted -$0.23 EPS. They also narrowly beat consensus estimates of $74.30 million with a reported revenue of $74.44 million. This represented a 28.6% increase in revenue over the same quarter last year.
Multiple institutions have also recently altered their stakes in the company;
- Parametric Portfolio Associates LLC bought an additional 581 shares during the 2nd quarter, an increase of 5.3%, for a total of 11,614 shares valued at $556,000.
- Aperio Group LLC bought an additional 531 shares in the 2nd quarter, an increase of 8.1%, for a total of 7,114 shares with a total value of $340,000.
- Van ECK Associates Corp bought an additional 64 shares during the 2nd quarter, an increase of 0.8%, for a total of 8,346 shares valued at $399,000.
- Ameritas Investment Partners Inc. bought 464 shares in the 2nd quarter, an increase of 18.7%, for a total of 2,940 shares valued at $141,000.
- Comerica Bank bought an additional 157 shares in the 2nd quarter, an increase of 0.8%, for a total of 19,707 shares valued at $978,000.
In total, 92.72% of the company’s stock is owned by institutional investors.
In insider news, Director Anthony J. Bettencourt sold 99,598 shares for an average price of $43.59 and a total value of $4,341,476.82. The trade was dated for Thursday, August 24th. Bettencourt currently owns 99,598 shares of the company, valued at $4,341,476.82. Corporate insider ownership currently accounts for 2.20% of the company’s stock.
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