Monday, February 05, 2018 10:15 PM ET
Significant Insider Selling in Shares of Palo Alto Networks (PANW) Continues
One Palo Alto Networks insider Nir Zuk, Director and Officer, today, disposed of 30,000 shares having a market value of approximately $4,764,564, as disclosed in a form 4 document filed with the SEC. 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 122,210 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 152,210 shares and have averaged 30,442 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Palo Alto Networks is above the 10-company peer group average. Internet Security & Transactions Services peer group saw 13 buy/sell trades during this period for an average of 1.3 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 130,576 shares sold with company insiders selling 5,514 shares on average.
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 composing and writing this story.
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