Insider at Palo Alto Networks (PANW) Makes Significant Sale of Stock

Wednesday, October 11, 2017 10:15 PM ET

Insider at Palo Alto Networks (PANW) Makes Significant Sale of Stock

A filing with the SEC today disclosed a significant insider sale of Palo Alto Networks shares as — Nir Zuk, Director and Officer — sold 146,000 shares in the company having a market value of approximately $21,880,027. 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 50,001 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 196,001 shares and have averaged 49,000 shares per transaction over this time period.

Insider buy/sell trading at Palo Alto Networks is greater than the 10 peer company average over the last 90-day period. However, the number of shares per average transaction for Palo Alto Networks insider buy-sell trading is very close to the average of the Internet Security & Transactions Services peer group of companies. This peer group saw 0 shares purchased and 679,298 shares sold resulting in an average of 48,521 shares traded and netting out with company insiders selling 48,521 shares on average.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at Copyright 2017 UpTick Data Technologies. All rights reserved.

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