Insider Selling: Ralph Pisani Sells 8,613 Shares of Imperva Stock (IMPV)
Imperva (NASDAQ:IMPV) VP Ralph Pisani sold 8,613 shares of the stock on the open market in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $21.31, for a total transaction of $183,543.03. Following the completion of the sale, the vice president now directly owns 2,910 shares of the company’s stock, valued at approximately $62,012. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on IMPV. Analysts at RBC Capital cut their price target on shares of Imperva from $50.00 to $33.00 in a research note on Wednesday, May 7th. They now have an “outperform” rating on the stock. Separately, analysts at Imperial Capital cut their price target on shares of Imperva from $40.00 to $34.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock. Finally, analysts at Pacific Crest cut their price target on shares of Imperva from $48.00 to $35.00 in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $41.85.
Shares of Imperva (NASDAQ:IMPV) traded up 7.39% during mid-day trading on Tuesday, hitting $22.81. The stock had a trading volume of 594,819 shares. Imperva has a 1-year low of $18.40 and a 1-year high of $67.12. The stock’s 50-day moving average is $24.62 and its 200-day moving average is $45.41. The company’s market cap is $599.9 million.
Imperva (NASDAQ:IMPV) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.05. The company had revenue of $31.50 million for the quarter, compared to the consensus estimate of $31.73 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts predict that Imperva will post $-1.14 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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