Palo Alto Networks Inc (NASDAQ: PANW) is -0.47% lower on its value in year-to-date trading and has touched a low of $176.30 and a high of $380.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PANW stock was last observed hovering at around $281.68 in the last trading session, with the day’s gains setting it 11.81%.
Currently trading at $293.49, the stock is 5.74% and -0.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.06 million and changing 4.19% at the moment leaves the stock 7.41% off its SMA200. PANW registered 51.87% gain for a year compared to 6-month gain of 20.73%.
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The stock witnessed a 2.34% loss in the last 1 month and extending the period to 3 months gives it a -14.73%, and is 6.72% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.93% over the week and 2.48% over the month.
Palo Alto Networks Inc (PANW) has around 13948 employees, a market worth around $94.83B and $7.53B in sales. Current P/E ratio is 45.88 and Fwd P/E is 48.01. Profit margin for the company is 30.24%. Distance from 52-week low is 66.47% and -22.94% from its 52-week high. The company has generated returns on investments over the last 12 months (48.23%).
The EPS is expected to grow by 24.20% this year.
Palo Alto Networks Inc (PANW) Top Institutional Holders
The shares outstanding are 323.10M, and float is at 318.94M with Short Float at 3.88%.
Palo Alto Networks Inc (PANW) Insider Activity
The most recent transaction is an insider sale by Klarich Lee,the company’sEVP, Chief Product Officer. SEC filings show that Klarich Lee sold 60,000 shares of the company’s common stock on Apr 05 ’24 at a price of $268.04 per share for a total of $16.08 million. Following the sale, the insider now owns 0.17 million shares.
Palo Alto Networks Inc disclosed in a document filed with the SEC on Apr 01 ’24 that ZUK NIR (EVP, Chief Technology Officer) sold a total of 36,000 shares of the company’s common stock. The trade occurred on Apr 01 ’24 and was made at $280.46 per share for $10.1 million. Following the transaction, the insider now directly holds 1.33 million shares of the PANW stock.
Still, SEC filings show that on Apr 01 ’24, Paul Josh D. (Chief Accounting Officer) disposed off 250 shares at an average price of $285.09 for $71272.0. The insider now directly holds 26,294 shares of Palo Alto Networks Inc (PANW).
