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Imperva (NASDAQ:IMPV) fell 2.5% during mid-day trading on Monday following insider selling activity, AnalystRatingsNetwork reports. The stock traded as low as $28.35 and last traded at $28.52, with a volume of 129,486 shares changing hands. The stock had previously closed at $29.24.

Specifically, CFO Terrence J. Schmid sold 15,000 shares of Imperva stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $29.07, for a total transaction of $436,050.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of research firms have recently commented on IMPV. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Imperva in a research note on Tuesday, August 19th. They now have a $30.00 price target on the stock. Analysts at Piper Jaffray initiated coverage on shares of Imperva in a research note on Tuesday, August 12th. They set a “neutral” rating and a $29.00 price target on the stock. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $37.70.

The stock’s 50-day moving average is $25.05 and its 200-day moving average is $35.14. The company’s market cap is $757.2 million.

Imperva (NASDAQ:IMPV) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.25) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.41) by $0.16. The company had revenue of $38.40 million for the quarter, compared to the consensus estimate of $34.41 million. During the same quarter last year, the company posted ($0.10) earnings per share. Imperva’s revenue was up 22.7% compared to the same quarter last year. Analysts expect that Imperva will post $-0.95 EPS 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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