On August 27, 2024, Director Mary Mccarthy sold 10,000 shares of Palo Alto Networks Inc (NASDAQ:PANW) at a price of $348.49 per share. The transaction was documented in an SEC filing. Following this sale, the insider now owns 31,517 shares of the company.
Palo Alto Networks Inc. is a global cybersecurity leader known for its advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security. The company’s innovative platform includes network security, cloud security, endpoint protection, and various other cybersecurity solutions.
Over the past year, the insider has sold a total of 14,000 shares and purchased no shares. This latest transaction is part of a broader trend seen within the company. Over the past year, there were 62 insider sales and no insider purchases.
Palo Alto Networks Inc. shares were trading at $348.49 on the day of the sale, giving the company a market capitalization of around $113.93 billion. The company’s price-to-earnings ratio is 48.34, which is higher than the industry average of 25.83.
According to GF Value, Palo Alto Networks Inc.’s intrinsic value is estimated at $255.28 per share, making the stock significantly overvalued with a price-to-GF Value ratio of 1.37.
The GF value is calculated based on historical trading multiples, a GuruFocus adjustment factor and estimates of future business performance provided by Morningstar analysts.
This insider sale could be of interest to investors who follow insider behavior as an indicator of the company’s future performance or for adjustments to the stock’s valuation.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
