Monday, September 18, 2017 10:15 PM ET
Palo Alto Networks (PANW) sees Significant Insider Selling Continuing
One Palo Alto Networks insider Mark Anderson, Officer, today, sold 44,429 shares having a market value of approximately $6,357,897, as revealed in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 33,572 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 78,001 shares and have averaged 19,500 shares per transaction over this time period.
The number of insider buy/sell trades at Palo Alto Networks is higher than that of the 155 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 264 buy/sell trades during this period for an average of 1.7 transactions per company. However, the number of shares traded per transaction by Palo Alto Networks insiders is lower than its peers. Within the peer group there were 604,098 shares purchased and 17,233,955 shares sold with company insiders disposing of 62,992 shares on average over this time period.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in composing and writing this story.
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