Insider Selling: Imperva Inc (IMPV) Director Sells 99,598 Shares of Stock
Imperva Inc (NYSE:IMPV) Director Anthony J. Bettencourt sold 99,598 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $43.59, for a total value of $4,341,476.82. Following the completion of the transaction, the director now directly owns 99,598 shares in the company, valued at approximately $4,341,476.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Imperva Inc (IMPV) opened at 43.25 on Monday. Imperva Inc has a 12-month low of $34.40 and a 12-month high of $57.24. The company has a 50-day moving average price of $46.50 and a 200-day moving average price of $45.52. The company’s market cap is $1.46 billion.
Imperva (NYSE:IMPV) last posted its quarterly earnings results on Thursday, July 27th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.15. Imperva had a negative net margin of 4.69% and a negative return on equity of 5.00%. The business had revenue of $74.44 million for the quarter, compared to analysts’ expectations of $74.30 million. During the same quarter in the previous year, the company earned ($0.23) earnings per share. The business’s quarterly revenue was up 28.6% on a year-over-year basis. On average, analysts predict that Imperva Inc will post $0.81 earnings per share for the current year.
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A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus restated a “hold” rating and set a $47.00 target price on shares of Imperva in a research report on Friday, July 14th. UBS AG assumed coverage on Imperva in a research report on Tuesday, June 6th. They set a “positive” rating and a $60.00 target price for the company. ValuEngine downgraded Imperva from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Piper Jaffray Companies restated a “buy” rating and set a $58.00 target price on shares of Imperva in a research report on Monday. Finally, Imperial Capital restated an “outperform” rating and set a $57.00 target price (up previously from $55.00) on shares of Imperva in a research report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $51.61.
Hedge funds have recently bought and sold shares of the company. ETF Managers Group LLC purchased a new stake in Imperva during the second quarter worth $41,888,000. North Run Capital LP raised its stake in Imperva by 999.3% in the first quarter. North Run Capital LP now owns 750,000 shares of the software maker’s stock worth $30,788,000 after buying an additional 681,772 shares in the last quarter. Clearbridge Investments LLC raised its stake in Imperva by 47.0% in the first quarter. Clearbridge Investments LLC now owns 1,262,507 shares of the software maker’s stock worth $51,826,000 after buying an additional 403,809 shares in the last quarter. BlackRock Inc. raised its stake in Imperva by 11.3% in the second quarter. BlackRock Inc. now owns 2,124,043 shares of the software maker’s stock worth $101,635,000 after buying an additional 215,170 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Imperva by 8,392.3% in the first quarter. BNP Paribas Arbitrage SA now owns 200,927 shares of the software maker’s stock worth $8,248,000 after buying an additional 198,561 shares in the last quarter. 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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