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The closing price of Palo Alto Networks Inc (NASDAQ: PANW) was $341.77 for the day, down -1.67% from the previous closing price of $347.58. In other words, the price has decreased by -$1.67 from its previous closing price. On the day, 3.39 million shares were traded. PANW stock price reached its highest trading level at $346.475 during the session, while it also had its lowest trading level at $332.7.
Ratios:
Our analysis of PANW’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 42.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.89. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 0.84. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Redburn Atlantic on July 18, 2024, Downgraded its rating to Neutral and sets its target price to $325 from $350 previously.
On June 21, 2024, DA Davidson started tracking the stock assigning a Buy rating and target price of $380.
On May 29, 2024, Daiwa Securities started tracking the stock assigning a Outperform rating and target price of $350.Daiwa Securities initiated its Outperform rating on May 29, 2024, with a $350 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 04 ’24 when Klarich Lee sold 60,000 shares for $344.98 per share. The transaction valued at 20,698,788 led to the insider holds 159,009 shares of the business.
Arora Nikesh sold 66,666 shares of PANW for $22,865,309 on Sep 04 ’24. The Chief Executive Officer now owns 639,994 shares after completing the transaction at $342.98 per share. On Sep 03 ’24, another insider, Paul Josh D., who serves as the Chief Accounting Officer of the company, sold 200 shares for $359.07 each. As a result, the insider received 71,814 and left with 27,402 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PANW now has a Market Capitalization of 113191821312 and an Enterprise Value of 110111809536. As of this moment, Palo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.21, and their Forward P/E ratio for the next fiscal year is 47.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.86 while its Price-to-Book (P/B) ratio in mrq is 21.49. Its current Enterprise Value per Revenue stands at 13.717 whereas that against EBITDA is 102.487.
Stock Price History:
Over the past 52 weeks, PANW has reached a high of $380.84, while it has fallen to a 52-week low of $224.64. The 50-Day Moving Average of the stock is 1.85%, while the 200-Day Moving Average is calculated to be 9.34%.
Shares Statistics:
PANW traded an average of 3.05M shares per day over the past three months and 2544290 shares per day over the past ten days. A total of 325.10M shares are outstanding, with a floating share count of 321.82M. Insiders hold about 1.16% of the company’s shares, while institutions hold 77.94% stake in the company. Shares short for PANW as of 1723680000 were 11734793 with a Short Ratio of 3.85, compared to 1721001600 on 11171902. Therefore, it implies a Short% of Shares Outstanding of 11734793 and a Short% of Float of 3.65.
