Palo Alto Networks Inc (NASDAQ:PANW), a global cybersecurity leader, is known for its comprehensive suite of advanced security solutions that extend across clouds, networks, and mobile devices. The company's offerings include next-generation firewalls, endpoint protection, cloud security, and cybersecurity analytics.
According to a recent SEC filing, Director Mary Mccarthy sold 2,000 shares of Palo Alto Networks Inc on February 21, 2024. The insider executed the sale at an average price of $282.63, resulting in a transaction amount of $565,260.
Over the past year, the insider has sold a total of 2,000 shares of Palo Alto Networks Inc and has not made any purchases of the stock.
The insider transaction history for Palo Alto Networks Inc indicates a trend of more insider selling than buying over the past year. There have been 60 insider sells and no insider buys during this period.
Shares of Palo Alto Networks Inc were trading at $282.63 on the day of the insider's recent sale, giving the company a market cap of $86.532 billion.
The stock's price-earnings ratio stands at 41.85, which is above the industry median of 27.12 but below the company's historical median price-earnings ratio.
Considering the current price of $282.63 against the GuruFocus Value (GF Value) of $221.11, Palo Alto Networks Inc has a price-to-GF-Value ratio of 1.28, indicating that the stock is modestly overvalued based on its GF Value.
The GF Value is calculated by GuruFocus using historical trading multiples, an adjustment factor based on the company's past performance, and future business performance estimates provided by Morningstar analysts.
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.
