Yesterday, the EVP & CTO of Palo Alto Networks (PANW), Nir Zuk, sold shares of PANW for $2.21M.
Following Nir Zuk’s last PANW Sell transaction on November 23, 2016, the stock climbed by 46.2%. In addition to Nir Zuk, one other PANW executive reported Sell trades in the last month.
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Based on Palo Alto Networks’ latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $817 million and GAAP net loss of $73.7 million. In comparison, last year the company earned revenue of $711 million and had a GAAP net loss of $2.6 million. The company has a one-year high of $251.11 and a one-year low of $179.11. The Company has a Price to Book ratio of 11.5221.
One of the top 25 analysts, according to TipRanks.com, recently recommended Hold PANW with a $235.00 price target.
In the last 30 days, insiders have sold $2.21M worth of PANW shares and purchased $3M worth of PANW shares. The insider sentiment on Palo Alto Networks has been neutral according to 103 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
Nir Zuk’s trades have generated a -24.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Palo Alto Networks, Inc. engages in the provision of network security solutions to enterprises, service providers, and government entities. It operates through the following geographical segments: Americas; Europe, the Middle East, and Africa; and Asia Pacific and Japan.
