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Insider Trends: Selling By Insiders Lingers at Palo Alto Networks

05/11/2021 13:22

05:20 PM EDT, 05/11/2021 (MT Newswires) -- On May 11, 2021, EVP, Chief Product Officer, Lee Klarich, executed a sale of 2,360 shares in Palo Alto Networks (PANW) for $790,600. Klarich, after the transactions described in the SEC Form 4 filing, owns 288,620 shares of the company, with a market value, based on the prior-day closing price, of $98.5 million.

During the most recent 90-day period, previous to the date of this filing, there have been 16 insider transactions reported to the SEC for Palo Alto Networks. These transactions came from the activities of 6 different insiders that resulted in a net disposition of 58,880 company shares. Relative to the preceding 90-day window of time, there were 29 transactions from 12 insiders and resulted in the net disposition of 215,486 shares.

This level of insider transactions is less 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 133.8 transactions per company, and disposition of 181,484 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1327567/000120919121031767/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.