Insider Selling: Haoying (Wilson) Xu Sells 6,500 Shares of Palo Alto Networks Stock (PANW)
Palo Alto Networks (NASDAQ:PANW) SVP Haoying (Wilson) Xu sold 6,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $65.87, for a total transaction of $428,155.00. Following the transaction, the senior vice president now directly owns 113,988 shares in the company, valued at approximately $7,508,390. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Palo Alto Networks (NASDAQ:PANW) traded up 0.17% on Friday, hitting $69.96. 1,372,931 shares of the company’s stock traded hands. Palo Alto Networks has a 1-year low of $39.08 and a 1-year high of $80.84. The stock’s 50-day moving average is $71.27 and its 200-day moving average is $58.31. The company’s market cap is $5.182 billion.
Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Monday, February 24th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.01. The company had revenue of $141.10 million for the quarter, compared to the consensus estimate of $139.62 million. Analysts expect that Palo Alto Networks will post $0.42 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Stephens & Co. upgraded shares of Palo Alto Networks from an “equal weight” rating to an “overweight” rating in a research note on Monday. They now have a $85.00 price target on the stock. Separately, analysts at Stephens upgraded shares of Palo Alto Networks from an “equal weight” rating to an “overweight” rating in a research note on Monday. They now have a $85.00 price target on the stock, up previously from $75.00. Finally, analysts at Barclays upgraded shares of Palo Alto Networks from an “equal weight” rating to an “overweight” rating in a research note on Monday. They now have a $78.00 price target on the stock. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $70.77.
Palo Alto Networks, Inc offers a network security platform that allows enterprises, service providers, and government entities to secure their networks.
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