Imprivata Inc (IMPR) was Downgraded by Leerink Partners to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Leerink Partners advised their investors in a research report released on Jul 14, 2016.
Many Wall Street Analysts have commented on Imprivata Inc. Imprivata Inc was Downgraded by Piper Jaffray to ” Neutral” on Jul 13, 2016.
On the company’s financial health, Imprivata Inc reported $-0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.31. The company had revenue of $31.52 million for the quarter, compared to analysts expectations of $29.28 million. The company’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.24 EPS.
Imprivata Inc opened for trading at $19.05 and hit $19.06 on the upside on Wednesday, eventually ending the session at $19.01, with a gain of 31.10% or 4.51 points. The heightened volatility saw the trading volume jump to 84,56,171 shares. Company has a market cap of $481 M.
In a different news, on Jul 13, 2016, Christopher A Shaw (SVP and General Manager) sold 12,000 shares at $14.51 per share price. According to the SEC, on May 6, 2016, Jeffrey Kalowski (Chief Financial Officer) sold 10,000 shares at $12.98 per share price. On Apr 29, 2016, Omar Hussain (President and CEO) sold 18,936 shares at $12.12 per share price, according to the Form-4 filing with the securities and exchange commission.
Imprivata Inc. is a provider of healthcare information technology) IT security solutions. The Company’s solutions provide authentication management access to patient information and communications technologies to the healthcare industry. Its solutions include Imprivata OneSign Imprivata Cortext and Imprivata Confirm ID. Imprivata OneSign is a suite of authentication and access management products which consists of three offerings: authentication management enterprise single sign-on and workflow automation. Imprivata Cortext is a cloud-supported communications platform that provides healthcare organizations with texting and messaging services. Imprivata Confirm ID is a software product for electronic prescribing of controlled substances (EPCS).