Insider Sell: President Jenkins William D Jr Sells Shares of Palo Alto Networks Inc
Palo Alto Networks Inc (NASDAQ:PANW), a global cybersecurity leader, is known for its comprehensive portfolio of security products and services designed to provide advanced protection against cyber threats. The company's offerings include advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security.According to a recent SEC filing, President Jenkins William D Jr sold 1,867 shares of Palo Alto Networks Inc on February 23, 2024. Over the past year, the insider has sold a total of 5,927 shares and has not made any purchases of the stock.The insider transaction history for Palo Alto Networks Inc shows a trend of insider sales over the past year, with 58 insider sells and no insider buys recorded.
On the valuation front, Palo Alto Networks Inc's shares were trading at $280.13 on the day of the insider's recent sale, resulting in a market cap of $97.83 billion. The price-earnings ratio stands at 47.31, which is above the industry median of 27.7 but below the company's historical median price-earnings ratio.
The stock's price of $280.13 compared to the GuruFocus Value (GF Value) of $220.78 indicates a price-to-GF-Value ratio of 1.27, suggesting that Palo Alto Networks Inc is significantly overvalued based on its GF Value. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
