Insider selling is trivial and does not indicate negative sentiment. Monitor future filings for any material increase in insider sales, but this cluster alone is not actionable.
Price Chart
Executive Summary
Three Fortinet insiders (CEO, CFO, VP) sold a total of $135K in open-market transactions over 7 days, but this represents only ~0.00017% of the company's $79B market cap. The selling is negligible and likely routine portfolio diversification. The cluster follows a strong Q1 earnings beat with raised guidance, making the sales even less concerning.
Key Financial Metrics
Key Facts
- Three insiders sold: CEO Ken Xie ($36K), CFO Christiane Ohlgart ($83K), VP Michael Xie ($17K).
- Total sale value: $135,000 vs. $79B market cap (0.00017%).
- Sales occurred after record Q1 earnings (revenue +20% YoY, raised FY guidance).
- Non-cash transactions (grants, exercises) not present in this cluster.
Financial Impact
Negligible — $135K sold, less than 0.001% of market cap.
Risk Factors
- No material risk from this cluster; tracking error if misinterpreted as bearish signal.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FTNT-1778279752552 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 4w ago | Press Release | $166.00 $176.33 | ▲ +6.22% | ▲ +5.96% | $181.41 (+9.28%) |
Aug 17, 2026 6w ago | Press Release | $155.85 $170.18 | ▲ +9.19% | ▲ +10.72% | $181.41 (+16.40%) |
Aug 4, 2026 8w ago | Insider Cluster | $168.29 $161.85 | ▼ −3.83% | ▼ −2.59% | $181.41 (+7.80%) |
Jul 21, 2026 10w ago | ANALYST-UPGRADE | $158.10 $157.80 | ▼ −0.19% | ▼ −2.75% | $181.41 (+14.74%) |
Jul 17, 2026 11w ago | Court Ruling | $161.61 $160.01 | ▼ −0.99% | ▼ −5.44% | $181.41 (+12.25%) |
Jul 2, 2026 13w ago | Press Release | $156.25 $154.25 | ▼ −1.28% | ▼ −0.87% | $181.41 (+16.10%) |
Jun 3, 2026 17w ago | Insider Cluster | $149.55 $156.25 | ▲ +4.48% | ▲ +6.11% | $181.41 (+21.30%) |
May 22, 2026 18w ago | Insider Cluster | $133.81 $148.00 | ▲ +10.61% | ▲ +12.87% | $181.41 (+35.57%) |
May 4, 2026 21w ago | Insider Cluster | $89.19 $147.14 | ▲ +64.98% | ▲ +59.33% | $181.41 (+103.40%) |
Apr 30, 2026 22w ago | Press Release | $84.23 $137.87 | ▲ +63.68% | ▲ +58.46% | $181.41 (+115.38%) |
US Market Status
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