Thursday, October 12, 2017 10:15 PM ET
Insider Sales at Palo Alto Networks (PANW) Extends the Selling Trend of Last Quarter
Two insiders — Stanley J Meresman, Director, and Rene Bonvanie, Officer — sold 29,248 shares of Palo Alto Networks having a market value of approximately $4,389,224, today, as disclosed in form 4 documents filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 196,001 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 225,249 shares and have averaged 45,050 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Palo Alto Networks is greater than its 10-company peer group average. The Internet Security & Transactions Services peer group saw 15 buy/sell trades during this period for an average of 1.5 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 0 shares purchased and 825,298 shares sold with company insiders having sold 55,020 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 evaluating and writing this story.
Today’s Insider Activity
* Stanley J Meresman, Director, sold 2,000 shares
* Rene Bonvanie, Officer, sold 27,248 shares
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.
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