Andor Capital Management L.l.c. Exits Position in Imperva Inc (IMPV)

Imperva Inc (IMPV) : Andor Capital Management L.l.c. has sold out all of its stake in Imperva Inc during the most recent quarter, according to the disclosure filed by the company on Jul 5, 2016 with the SEC. The investment management company has sold out 400,000 shares of Imperva Inc which is valued at $17,032,000.

Other Hedge Funds, Including , New England Research Management sold out all of its stake in IMPV during the most recent quarter. The investment firm sold 4,000 shares of IMPV which is valued $170,320.

Imperva Inc opened for trading at $49.54 and hit $51.7 on the upside on Monday, eventually ending the session at $48.14, with a gain of 7.55% or 3.38 points. The heightened volatility saw the trading volume jump to 26,17,317 shares. Company has a market cap of $1,553 M.

On the company’s financial health, Imperva Inc reported $-0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.28. The company had revenue of $59.80 million for the quarter, compared to analysts expectations of $59.57 million. The company’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.26 EPS.

Many Wall Street Analysts have commented on Imperva Inc. Shares were Reiterated by Imperial Capital on May 18, 2016 to “Outperform” and Lowered the Price Target to $ 55 from a previous price target of $70 .Imperva Inc was Downgraded by Needham to ” Hold” on May 6, 2016. Shares were Reiterated by Wunderlich on May 6, 2016 to “Buy” and Lowered the Price Target to $ 50 from a previous price target of $62 .

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.

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