Imperva CEO Sells $1,002,000 in Stock (IMPV)
Imperva (NASDAQ:IMPV) CEO Shlomo Kramer unloaded 20,000 shares of Imperva stock on the open market in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $50.10, for a total transaction of $1,002,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,219,521 shares in the company, valued at approximately $61,098,002. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Imperva (NASDAQ:IMPV) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $35.10 million for the quarter, compared to the consensus estimate of $34.43 million. The company’s revenue for the quarter was up 33.5% on a year-over-year basis.
IMPV has been the subject of a number of recent research reports. Analysts at Pacific Crest raised their price target on shares of Imperva from $48.00 to $57.00 in a research note to investors on Monday. Separately, analysts at Topeka Capital Markets initiated coverage on shares of Imperva in a research note to investors on Thursday, December 19th. They set a “hold” rating on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Imperva in a research note to investors on Thursday, December 19th. They set an “outperform” rating and a $52.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $51.89.
Imperva, Inc is a United States-based Company that develops data security solutions for business data in the data center.
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