On November 1, 2024, Josh Paul, the Chief Accounting Officer of Palo Alto Networks Inc (PANW, Financial), sold 200 shares of the company at a price of $359.03 per share. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 26,220 shares of Palo Alto Networks Inc.
Palo Alto Networks Inc is a global cybersecurity leader known for its advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security. The company's innovative platform includes network security, cloud security, endpoint protection, and various other cybersecurity solutions.
Over the past year, the insider has sold a total of 3,500 shares and has not made any purchases. This recent transaction is part of a broader trend within Palo Alto Networks Inc, where there have been significantly more insider sales than buys. In the past year, there has been only 1 insider buy compared to 61 insider sells.
Shares of Palo Alto Networks Inc were trading at $359.03 on the day of the sale, giving the company a market cap of approximately $119.87 billion. The price-earnings ratio of the company stands at 50.52, which is above the industry median of 26.32.
The stock is currently considered Significantly Overvalued with a price-to-GF Value ratio of 1.33, based on a GF Value of $270.30. 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 or stock valuation. However, it is essential to consider a broad range of factors when evaluating the potential investment in Palo Alto Networks Inc.
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