JMP Securities upgraded shares of Imperva Inc (NASDAQ:IMPV) from a market perform rating to an outperform rating in a research note released on Wednesday, The Fly reports. The brokerage currently has $66.00 price target on the stock.

Imperva (NASDAQ:IMPV) traded down 0.02% during trading on Wednesday, reaching $51.55. 579,303 shares of the company were exchanged. The company’s 50-day moving average price is $59.77 and its 200-day moving average price is $65.56. Imperva has a 1-year low of $38.20 and a 1-year high of $77.99. The stock’s market capitalization is $1.62 billion.

Imperva (NASDAQ:IMPV) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.24. The company earned $63.30 million during the quarter, compared to the consensus estimate of $56.52 million. The business’s revenue was up 48.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. On average, equities analysts forecast that Imperva will post $0.04 EPS for the current year.

Other equities analysts have also recently issued reports about the stock. Buckingham Research reissued a buy rating on shares of Imperva in a research note on Tuesday, December 15th. Stifel Nicolaus assumed coverage on shares of Imperva in a research note on Tuesday, September 29th. They issued a hold rating for the company. DA Davidson assumed coverage on shares of Imperva in a research note on Friday, October 16th. They issued a neutral rating and a $71.00 price objective for the company. Zacks Investment Research cut shares of Imperva from a strong-buy rating to a hold rating in a research note on Wednesday, December 30th. Finally, Guggenheim raised shares of Imperva from a neutral rating to a buy rating in a research note on Monday, January 11th. Four analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $73.79.

In other Imperva news, CFO Terrence J. Schmid sold 938 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $71.14, for a total transaction of $66,729.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Tram T. Phi sold 1,244 shares of the business’s stock in a transaction that occurred on Thursday, November 19th. The stock was sold at an average price of $73.26, for a total transaction of $91,135.44. Following the sale, the vice president now directly owns 5,975 shares in the company, valued at approximately $437,728.50. The disclosure for this sale can be found here.

A number of hedge funds recently added to or reduced their stakes in IMPV. American Century Companies Inc. bought a new stake in Imperva during the fourth quarter valued at $3,036,000. First Mercantile Trust Co. increased its stake in Imperva by 34.8% in the fourth quarter. First Mercantile Trust Co. now owns 9,300 shares of the company’s stock valued at $589,000 after buying an additional 2,400 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in Imperva during the fourth quarter valued at $298,000. Hanseatic Management Services Inc. increased its stake in Imperva by 0.4% in the fourth quarter. Hanseatic Management Services Inc. now owns 9,476 shares of the company’s stock valued at $600,000 after buying an additional 36 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in Imperva by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 49,174 shares of the company’s stock valued at $3,113,000 after buying an additional 700 shares in the last quarter.

Imperva, Inc. provides cyber-security solutions that protect business-critical data and applications. The Company’s suite of cyber-security offerings enables organizations to discover data and application assets and vulnerabilities, to protect information. Its Imperva SecureSphere platform provides database, file and Web application security across various physical and virtual systems in data centers. Its Imperva Incapsula product line provides cloud-based Website security, denial of service protection and performance solutions. Its Imperva Skyfence product line provides visibility into, and control over, cloud and Software-as-a-Service applications, including shadow information technology. In addition, all of its cloud offerings protect against the threats created as the enterprises shift to deploying their applications and storing their data in the cloud. Its SecureSphere product line secures business-critical applications and data from hackers and malicious insiders.

12 Month Chart for NASDAQ:IMPV

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