The stock of Imperva Inc (NYSE:IMPV) gapped down by $5.95 today and has $36.46 target or 7.00% below today’s $39.20 share price. The 6 months technical chart setup indicates high risk for the $1.27 billion company. The gap down was reported on Oct, 19 by Barchart.com. If the $36.46 price target is reached, the company will be worth $88.90M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 15.97% or $7.45 on October 19, hitting $39.2. About 8.91 million shares traded hands or 702.70% up from the average. Imperva Inc (NYSE:IMPV) has declined 0.68% since March 16, 2016 and is downtrending. It has underperformed by 6.22% the S&P500.
Analysts await Imperva Inc (NYSE:IMPV) to report earnings on November, 3. They expect $-0.66 earnings per share, down 247.37% or $0.47 from last year’s $-0.19 per share. After $-0.76 actual earnings per share reported by Imperva Inc for the previous quarter, Wall Street now forecasts -13.16% EPS growth.
Imperva Inc (NYSE:IMPV) Ratings Coverage
Out of 19 analysts covering Imperva (NYSE:IMPV), 10 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 53% are positive. Imperva has been the topic of 47 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Needham maintained Imperva Inc (NYSE:IMPV) on Thursday, February 4 with “Buy” rating. The firm earned “Sector Weight” rating on Tuesday, August 30 by Pacific Crest. Deutsche Bank maintained Imperva Inc (NYSE:IMPV) rating on Friday, August 7. Deutsche Bank has “Buy” rating and $74.0 price target. BTIG Research initiated the shares of IMPV in a report on Thursday, September 10 with “Buy” rating. As per Thursday, April 21, the company rating was downgraded by Morgan Stanley. The rating was maintained by Topeka Capital Markets with “Hold” on Friday, August 7. The stock has “Hold” rating given by Wunderlich on Tuesday, September 13. The company was maintained on Thursday, February 4 by Wunderlich. RBC Capital Markets maintained Imperva Inc (NYSE:IMPV) on Friday, August 7 with “Outperform” rating. The company was downgraded on Friday, August 5 by Wunderlich.
According to Zacks Investment Research, “Imperva Inc. is engaged in the development of protection software and services for business applications and databases. The Company delivers innovative technology to give full audit accountability and separation of duties to meet regulatory compliance. It offers SecureSphere Data Security Suite to protect sensitive data from hackers and malicious insiders along with providing a fast and cost-effective route to regulatory compliance and establishes a repeatable process for data risk management. The Company’s SecureSphere offers database security solutions to secure sensitive data stored in databases, File Security solutions to protect sensitive files on file servers, storage devices, content repositories, and meet regulatory compliance mandates and Web Application Security solutions to protect web applications from cyber attacks. Imperva Inc. is headquartered in Redwood Shores, California.”
Insitutional Activity: The institutional sentiment increased to 1.52 in 2016 Q2. Its up 0.72, from 0.8 in 2016Q1. The ratio increased, as 28 funds sold all Imperva Inc shares owned while 37 reduced positions. 39 funds bought stakes while 60 increased positions. They now own 27.14 million shares or 5.78% less from 28.80 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) last reported 24,354 shares in the company. Waddell And Reed Fincl owns 86,300 shares or 0.01% of their US portfolio. Hood River Capital Management Ltd Llc, a Oregon-based fund reported 20,133 shares. Fdx Advisors holds 6,214 shares or 0.01% of its portfolio. Federated Pa has invested 0% of its portfolio in Imperva Inc (NYSE:IMPV). Metropolitan Life Ins Ny accumulated 20,500 shares or 0.01% of the stock. Millennium Limited Com has invested 0% of its portfolio in Imperva Inc (NYSE:IMPV). Credit Suisse Ag accumulated 0.07% or 1.43 million shares. First Mercantile Trust holds 0.02% or 4,100 shares in its portfolio. Blackrock Limited last reported 21,944 shares in the company. Caisse De Depot Et Placement Du Quebec owns 100,000 shares or 0.01% of their US portfolio. Cornerstone Capital Management Ltd Liability Corporation accumulated 0.85% or 373,876 shares. The New York-based Engineers Gate Manager Ltd Partnership has invested 0.05% in Imperva Inc (NYSE:IMPV). Raymond James And Associates last reported 6,421 shares in the company. Goldman Sachs Grp Inc has 157,274 shares for 0% of their US portfolio.
More notable recent Imperva Inc (NYSE:IMPV) news were published by: Fool.com which released: “Why Imperva, Inc. Stock Plunged Today” on October 19, 2016, also Fool.com with their article: “Why Imperva Inc. Stock Soared Today” published on September 23, 2016, Bloomberg.com published: “Imperva Said to Draw Acquisition Interest From Cisco, IBM” on September 22, 2016. More interesting news about Imperva Inc (NYSE:IMPV) were released by: Marketwatch.com and their article: “Imperva shares rally on report of acquisition interest” published on September 22, 2016 as well as Nasdaq.com‘s news article titled: “Imperva Inc. Reaches Analyst Target Price” with publication date: October 04, 2016.
IMPV Company Profile
Imperva, Inc., incorporated on April 10, 2002, is designed to provide the visibility and control needed to neutralize attacks, theft and fraud from inside and outside the organization, mitigate risk, and streamline compliance. The Companyâ€™s SecureSphere platform provides database, file and web application security across physical and virtual systems in data centers, including traditional on-premise data centers as well as private, public and hybrid cloud computing environments. The Companyâ€™s cloud offerings are designed to protect against the unique threats created as enterprises increasingly shift to deploying their applications and storing their data in the cloud. The Firm has two divisions: Imperva, which is comprised of its financial position and results of activities and those of the Companyâ€™s wholly owned subsidiaries, and Incapsula, which is comprised of the financial position and results of activities of the Companyâ€™s majority owned subsidiary. The Companyâ€™s products include SecureSphere data security suite for enterprise data centers and its cloud security services that it provides through Incapsula for mid-market enterprises and small and medium business (SMBs). The Companyâ€™s solution includes database security, file security and Web application security.
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