On August 23, 2024, John Key, Director at Palo Alto Networks Inc (PANW, Financial), executed a sale of 3,000 shares of the company. The transaction was reported through an SEC Filing. Following this transaction, the insider now directly owns 8,639 shares in the company.
Palo Alto Networks Inc is a global cybersecurity leader known for its comprehensive cyber security solutions that protect organizations across clouds, networks, and mobile devices.
Over the past year, John Key has sold a total of 8,460 shares of Palo Alto Networks Inc and has not made any purchases of the stock. This recent sale is part of a broader trend observed within the company, where there have been 62 insider sells and no insider buys over the past year.
Shares of Palo Alto Networks Inc were priced at $349.68 on the day of the sale. The company currently holds a market cap of approximately $114.03 billion. The price-earnings ratio of the company stands at 48.38, which is above the industry median of 25.24.
The stock is considered Significantly Overvalued with a price-to-GF Value ratio of 1.38, based on a GF Value of $252.60. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future performance and valuation alignment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
