Imperva Inc (NYSE:IMPV) saw its Chief Technology Officer, Amichai Shulman, dispose of 2,500 shares of Common Stock yesterday. The insider sold them at $30 per share, pursuant to a Rule 10b5-1 plan. Following this transaction, Mr. Shulman owns 76,265 shares indirectly (through Amichai Shulman Holdings 2000 Ltd.), and another 62,052 shares, directly.
Mr. Shulman has been selling his Imperva Inc (NYSE:IMPV) stock for a while now. Since the beginning of the year, the insider has sold more than 31,000 shares of Common Stock, for average prices ranging from $30.00 per share to $48.28 per share.
Similar to this insider, Israel Englander‘s Millennium Management last disclosed having trimmed its exposure to Imperva Inc (NYSE:IMPV) by 61% -over the second quarter of 2014, owning 32,932 shares by the end of the period.
Imperva Inc (NYSE:IMPV) is a $765.3 million market cap company that provides development, marketing, sales, service and support of data center security solutions to protect high value applications and data assets in physical and virtual data centers.
Disclosure: The author, Javier Hasse, holds no position in any stocks or funds mentioned.