Imprivata Inc (IMPR) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Aug 2, 2016.
Many Wall Street Analysts have commented on Imprivata Inc. Imprivata Inc was Downgraded by Leerink Partners to ” Mkt Perform” on Jul 14, 2016. 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 $19.16 on the upside on Friday, eventually ending the session at $19.12, with a gain of 0.37% or 0.07 points. The heightened volatility saw the trading volume jump to 3,00,629 shares. Company has a market cap of $484 M.
In a different news, on Jul 15, 2016, John A Blaeser (director) sold 7,500 shares at $19.01 per share price. According to the SEC, on Jul 15, 2016, David Ting (Chief Technology Officer) sold 90,000 shares at $19.00 per share price. On Jul 13, 2016, Christopher A Shaw (SVP and General Manager) sold 12,000 shares at $14.51 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).