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Insider Trends: Palo Alto Networks Insider Extends 90-Day Selling Trend

· 02/05/2021 14:10

07:01 PM EST, 02/05/2021 (MT Newswires) -- Amit K Singh, President, on Feb 04, 2021, sold 1,378 shares in Palo Alto Networks (PANW) for $523,209. Singh, following the transactions outlined in the Form 4 SEC filing, owns 126,032 shares of company stock, with a market value, based on the prior-day closing price, of $48.2 million.

During the most recent 90-day period, previous to the date of this filing, there have been 26 insider transactions reported to the SEC for Palo Alto Networks. These transactions came from the activities of 11 separate insiders that resulted in a net disposition of 205,620 company shares. In the preceding 90-day window of time, there were 24 transactions from 6 insiders and resulted in the net acquisition of 95,275 shares.

This is a lower level of transactions than the peer group average in the 12-company Internet Security & Transactions Services peer group over the last 90-day period. Within the peer group activity averaged 120.9 transactions per company, and disposition of 182,095 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1327567/000120919121008304/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.