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Imperva (NASDAQ:IMPV) was upgraded by equities researchers at Sterne Agee from a “neutral” rating to a “buy” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.

In other Imperva news, CEO Shlomo Kramer sold 60,000 shares of Imperva stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $50.53, for a total value of $3,031,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,229,521 shares in the company, valued at approximately $62,127,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of other analysts have also recently weighed in on IMPV. Analysts at Barclays cut their price target on shares of Imperva from $75.00 to $60.00 in a research note on Friday. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Imperva in a research note on Thursday. They now have a $42.00 price target on the stock. Finally, analysts at Imperial Capital cut their price target on shares of Imperva from $65.00 to $40.00 in a research note on Thursday. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $48.03.

Shares of Imperva (NASDAQ:IMPV) opened at 28.00 on Friday. Imperva has a 52-week low of $26.67 and a 52-week high of $67.12. The stock has a 50-day moving average of $58.16 and a 200-day moving average of $49.32. The company’s market cap is $730.5 million.

Imperva (NASDAQ:IMPV) last announced its earnings results on Thursday, February 6th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.01. The company had revenue of $42.70 million for the quarter, compared to the consensus estimate of $41.63 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 34.3% on a year-over-year basis. On average, analysts predict that Imperva will post $-0.81 earnings per share for the current fiscal year.

Imperva, Inc (NASDAQ:IMPV) is engaged in providing data security solutions focused on providing visibility and control over business data across systems within the data center.

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