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Palo Alto Networks Inc (NASDAQ: PANW) closed the day trading at $317.51 down -1.41% from the previous closing price of $322.06. In other words, the price has decreased by -$1.41 from its previous closing price. On the day, 2.5 million shares were traded. PANW stock price reached its highest trading level at $326.835 during the session, while it also had its lowest trading level at $315.01.
Ratios:
For a better understanding of PANW, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 35.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.13. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 0.79. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.08.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 08 ’24 when Klarich Lee sold 125,866 shares for $335.00 per share. The transaction valued at 42,164,937 led to the insider holds 166,542 shares of the business.
Arora Nikesh sold 66,668 shares of PANW for $22,436,132 on Jul 01 ’24. The Chief Executive Officer now owns 694,228 shares after completing the transaction at $336.54 per share. On Jul 01 ’24, another insider, ZUK NIR, who serves as the EVP, Chief Technology Officer of the company, sold 36,000 shares for $339.16 each. As a result, the insider received 12,209,676 and left with 1,223,567 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 104282988544 and an Enterprise Value of 102924926976. As of this moment, Palo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.22, and their Forward P/E ratio for the next fiscal year is 51.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.20 while its Price-to-Book (P/B) ratio in mrq is 22.98. Its current Enterprise Value per Revenue stands at 13.21 whereas that against EBITDA is 95.611.
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 $201.17. The 50-Day Moving Average of the stock is -1.12%, while the 200-Day Moving Average is calculated to be 5.99%.
Shares Statistics:
Over the past 3-months, PANW traded about 3.28M shares per day on average, while over the past 10 days, PANW traded about 2462180 shares per day. A total of 323.80M shares are outstanding, with a floating share count of 319.93M. Insiders hold about 1.19% of the company’s shares, while institutions hold 78.65% stake in the company. Shares short for PANW as of 1721001600 were 11171902 with a Short Ratio of 3.40, compared to 1718323200 on 11552616. Therefore, it implies a Short% of Shares Outstanding of 11171902 and a Short% of Float of 3.49.
