Published On: Wed, Dec 17th, 2014

Is Imperva Impervious to Insider Selling?

Amichai Shulman

The Chief Technical officer of Imperva, Amichai Shulman sold  11, 113 shares in the company at around $50. The stock opened at $47.82 but reached highs of around $67. The stock has been volatile,   with a 200 day moving average of $30.64.

CTO Shulman still owns  65.990 shares of the company, valued at $3, 299, 500. Analysts seem to like the stock, with Deutsche Bank upgrading it from a  hold to a buy rating. RBC has an Outperform rating on the stock.

Imperva is a company that provides network security data. The company has technology that prevents theft, fraud and security risk. The company was founded by Israeli entrepreneurs, Shlomo Kramer, Amichai Shulman and Mickey Boodai.

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