Sales by two directors totaling 0.04% of market cap are routine portfolio diversification. No C-suite selling or open-market buying was observed. Monitor next Form 4 filings for any officer-level activity.
Price Chart
Executive Summary
Two directors at Palo Alto Networks sold a combined $1.36M in stock over a one-week window. Director Goetz sold $1.25M at $374.72, and Director Bawa sold $102K at $392.69. The total value represents approximately 0.04% of PANW's market cap, making this a trivial, routine cluster with no material signal.
Key Financial Metrics
Key Facts
- Director James J. Goetz sold 3,300 shares for $1.25M on 2026-09-17
- Director Aparna Bawa sold 260 shares for $102K on 2026-09-24
- Total insider sales of $1.36M represent ~0.04% of market cap
- Both sellers are directors, not C-suite executives
- No open-market purchases were reported in the cluster
Financial Impact
Total sales of $1.36M, approximately 0.04% of market cap — trivial relative to company size
Risk Factors
- No material risk identified from this cluster
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PANW-1790648251508 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Institutional Cluster | $347.25 | awaiting T+20 | — | $403.06 (−16.07%) |
Oct 9, 2026 17d ago | 144 | $403.83 | awaiting T+20 | — | $403.06 (−0.19%) |
Oct 8, 2026 18d ago | 144 | $418.78 | awaiting T+20 | — | $403.06 (−3.75%) |
Oct 5, 2026 21d ago | Insider Cluster | $419.91 | awaiting T+20 | — | $403.06 (+4.01%) |
Sep 28, 2026 29d ago | Insider Cluster | $388.41 | awaiting T+20 | — | $403.06 (−3.77%) |
Sep 28, 2026 29d ago | Insider Cluster | $388.41 | awaiting T+20 | — | $403.06 (+3.77%) |
Sep 21, 2026 5w ago | Insider Cluster | $374.57 $340.28 | ▼ −9.15% | ▼ −8.59% | $403.06 (+7.61%) |
Sep 21, 2026 5w ago | Insider Cluster | $374.57 $340.28 | ▼ −9.15% | ▼ −8.59% | $403.06 (+7.61%) |
Sep 17, 2026 5w ago | ANALYST-DOWNGRADE | $375.06 $370.27 | ▲ +1.28% | ▲ +2.48% | $403.06 (−7.47%) |
Sep 16, 2026 5w ago | Insider Cluster | $375.06 $370.27 | ▼ −1.28% | ▼ −2.73% | $403.06 (+7.47%) |
US Market Status
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