Thursday, January 04, 2018 10:15 PM ET
Insider Sale at Palo Alto Networks (PANW) Continues Selling Trend
A filing with the SEC today indicated a substantial insider sale of Palo Alto Networks shares as — Nir Zuk, Director and Officer — disposed of 30,000 shares in the company having a market value of approximately $4,440,930. There have been 4 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 267,458 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 297,458 shares and have averaged 59,492 shares per transaction over this time period.
The level of buy/sell trading at Palo Alto Networks is is higher than 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 275,824 shares sold with company insiders selling 14,462 shares on average.
The data obtained in creating 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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