Palo Alto Networks Inc (NASDAQ: PANW) is 3.61% higher on its value in year-to-date trading and has touched a low of $186.75 and a high of $380.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PANW stock was last observed hovering at around $300.57 in the last trading session, with the day’s gains setting it 4.95%.
Currently trading at $305.52, the stock is 6.84% and 6.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.6 million and changing 1.65% at the moment leaves the stock 10.83% off its SMA200. PANW registered 66.11% gain for a year compared to 6-month gain of 25.45%.
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The stock witnessed a 13.75% loss in the last 1 month and extending the period to 3 months gives it a -10.53%, and is 5.03% 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 2.76% over the week and 2.75% over the month.
Palo Alto Networks Inc (PANW) has around 13948 employees, a market worth around $98.71B and $7.53B in sales. Current P/E ratio is 47.76 and Fwd P/E is 49.61. Profit margin for the company is 30.24%. Distance from 52-week low is 63.60% and -19.78% 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 24.23% this year.
Palo Alto Networks Inc (PANW) Top Institutional Holders
The shares outstanding are 323.10M, and float is at 318.89M with Short Float at 3.62%.
Palo Alto Networks Inc (PANW) Insider Activity
The most recent transaction is an insider sale by ZUK NIR,the company’sEVP, Chief Technology Officer. SEC filings show that ZUK NIR sold 36,000 shares of the company’s common stock on May 01 ’24 at a price of $288.24 per share for a total of $10.38 million. Following the sale, the insider now owns 1.3 million shares.
Palo Alto Networks Inc disclosed in a document filed with the SEC on Apr 05 ’24 that Klarich Lee (EVP, Chief Product Officer) sold a total of 60,000 shares of the company’s common stock. The trade occurred on Apr 05 ’24 and was made at $268.04 per share for $16.08 million. Following the transaction, the insider now directly holds 0.17 million shares of the PANW stock.
Still, SEC filings show that on Apr 01 ’24, ZUK NIR (EVP, Chief Technology Officer) disposed off 36,000 shares at an average price of $280.46 for $10.1 million. The insider now directly holds 1,331,567 shares of Palo Alto Networks Inc (PANW).
