Imperva Target of Unusually Large Options Trading (IMPV)

Imperva, Inc. (NASDAQ:IMPV) was the recipient of unusually large options trading on Tuesday. Investors bought 521 put options on the stock. This is an increase of approximately Infinity compared to the average volume of 0 put options.

Imperva (NASDAQ IMPV) opened at $40.20 on Friday. Imperva has a 52-week low of $35.45 and a 52-week high of $52.40.

Imperva (NASDAQ:IMPV) last posted its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.22 by $0.11. Imperva had a net margin of 3.04% and a negative return on equity of 8.52%. The business had revenue of $83.89 million for the quarter, compared to analysts’ expectations of $83.79 million. During the same period in the previous year, the company posted $0.08 EPS. Imperva’s revenue was up 22.6% on a year-over-year basis. analysts anticipate that Imperva will post -0.52 earnings per share for the current year.

Several research firms have issued reports on IMPV. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $55.00 price target on shares of Imperva in a report on Thursday, November 9th. Evercore ISI set a $56.00 price target on Imperva and gave the company a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research cut Imperva from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $47.00 price target (down previously from $50.00) on shares of Imperva in a report on Thursday, November 9th. Finally, Piper Jaffray Companies set a $58.00 price target on Imperva and gave the company a “buy” rating in a report on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $52.38.

In related news, Director Anthony J. Bettencourt sold 99,598 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $43.59, for a total transaction of $4,341,476.82. Following the sale, the director now owns 99,598 shares of the company’s stock, valued at $4,341,476.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Imperva by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,439,240 shares of the software maker’s stock valued at $116,718,000 after acquiring an additional 99,799 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Imperva by 11.3% during the 2nd quarter. BlackRock Inc. now owns 2,124,043 shares of the software maker’s stock valued at $101,635,000 after acquiring an additional 215,170 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Imperva by 1.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,294,651 shares of the software maker’s stock valued at $55,928,000 after acquiring an additional 14,803 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Imperva by 89.3% during the 3rd quarter. Alyeska Investment Group L.P. now owns 907,615 shares of the software maker’s stock valued at $39,390,000 after acquiring an additional 428,163 shares in the last quarter. Finally, ETF Managers Group LLC purchased a new position in shares of Imperva during the 2nd quarter valued at $41,888,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

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About Imperva

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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