Wednesday, November 08, 2017 10:15 PM ET
Insider Selling at Palo Alto Networks (PANW) Continues with Significant Sale
A significant insider sale of the shares of Palo Alto Networks was indicated in a form 4 document filed with the SEC today, showing — Nir Zuk, Director and Officer — sold 28,000 shares in the company having a market value of approximately $4,145,279. There have been 5 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 227,249 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 255,249 shares and have averaged 42,542 shares per transaction over this time period.
The level of buy/sell trading at Palo Alto Networks is is above the 10 peer company average over the last 90-day period. The Internet Security & Transactions Services peer group saw 15 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Palo Alto Networks insiders was also higher. Within the peer group there were 58,900 shares purchased and 330,272 shares sold with company insiders disposing of 18,091 shares on average.
The data used in evaluating and writing in this story eliminates 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.
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