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Insider Trends: Insider at Palo Alto Networks Continues Selling Trend with Tax Sale

05/10/2021 15:35

07:22 PM EDT, 05/10/2021 (MT Newswires) -- Amit K Singh, President, made a sale of 2,358 shares of Palo Alto Networks (PANW) for approximately $807,238 to meet tax obligations on May 02, 2021. Singh, following the transactions detailed in the Form 4 SEC filing, owns 123,081 shares of company stock, with a market value, based on the prior-day closing price, of $42.1 million.

Over the last 90 days, prior to the date of this filing, there have been 15 insider transactions reported to the SEC for Palo Alto Networks. These transactions came from the activities of 6 individual insiders that resulted in a net disposition of 56,522 company shares. Relative to the preceding 90-day window of time, there were 29 transactions from 12 insiders which resulted in the net disposition of 215,486 shares.

This represents 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. Peer group activity averaged 133.7 transactions per company, and disposition of 181,416 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1327567/000120919121031417/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.