Wednesday, December 06, 2017 10:15 PM ET
Insider Selling in Palo Alto Networks (PANW) Shares Continues
There was a significant sale of shares of Palo Alto Networks by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Mark Anderson, Officer — disposed of 15,614 shares in the company having a market value of approximately $2,250,929. 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 disposition of 273,845 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 289,459 shares and have averaged 48,243 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Palo Alto Networks is higher than the 10-company peer group average. Internet Security & Transactions Services peer group saw 17 buy/sell trades during this period for an average of 1.7 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 280,991 shares sold with company insiders disposing of 13,064 shares on average.
For the purpose of evaluating significant insider buying and selling all 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 sourced to evaluate and write this story.
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