DA Davidson Begins Coverage on Imperva (IMPV)

Stock analysts at DA Davidson began coverage on shares of Imperva (NASDAQ:IMPV) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $56.00 price target on the software maker’s stock. DA Davidson’s price objective would suggest a potential upside of 22.94% from the stock’s previous close.

A number of other analysts have also issued reports on IMPV. BidaskClub lowered Imperva from a “buy” rating to a “hold” rating in a research report on Thursday, March 29th. Evercore ISI set a $56.00 price objective on Imperva and gave the stock a “buy” rating in a research report on Friday, February 9th. Piper Jaffray raised Imperva from a “neutral” rating to an “overweight” rating and set a $52.00 price objective on the stock in a research report on Friday, February 9th. Imperial Capital upped their price objective on Imperva from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, ValuEngine raised Imperva from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.21.

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Shares of NASDAQ IMPV opened at $45.55 on Tuesday. The company has a market capitalization of $1,522.77, a price-to-earnings ratio of -162.68 and a beta of 1.67. Imperva has a 52-week low of $37.17 and a 52-week high of $52.40.

Imperva (NASDAQ:IMPV) last announced its earnings results on Thursday, February 8th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.13. The company had revenue of $91.10 million for the quarter, compared to analyst estimates of $91.11 million. Imperva had a negative return on equity of 3.28% and a net margin of 7.11%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 earnings per share. equities research analysts expect that Imperva will post -0.17 EPS for the current year.

In related news, CRO Michael D. Mooney sold 24,454 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $47.18, for a total transaction of $1,153,739.72. Following the completion of the transaction, the executive now owns 24,454 shares in the company, valued at $1,153,739.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Anthony J. Bettencourt sold 66,037 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $46.98, for a total transaction of $3,102,418.26. Following the transaction, the director now owns 66,037 shares of the company’s stock, valued at approximately $3,102,418.26. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC acquired a new position in shares of Imperva during the fourth quarter worth $625,000. Teachers Advisors LLC grew its stake in shares of Imperva by 2.3% during the fourth quarter. Teachers Advisors LLC now owns 61,251 shares of the software maker’s stock worth $2,432,000 after purchasing an additional 1,381 shares in the last quarter. HBK Investments L P acquired a new position in shares of Imperva during the fourth quarter worth $1,171,000. Two Sigma Investments LP grew its stake in shares of Imperva by 92.2% during the fourth quarter. Two Sigma Investments LP now owns 308,711 shares of the software maker’s stock worth $12,256,000 after purchasing an additional 148,077 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Imperva by 11.8% during the fourth quarter. Two Sigma Advisers LP now owns 355,504 shares of the software maker’s stock worth $14,114,000 after purchasing an additional 37,400 shares in the last quarter.

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Imperva Company Profile

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.

Analyst Recommendations for Imperva (NASDAQ:IMPV)

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