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As of close of business last night, Palo Alto Networks Inc’s stock clocked out at $340.91, up 1.31% from its previous closing price of $336.50. In other words, the price has increased by $1.31 from its previous closing price. On the day, 2.55 million shares were traded. PANW stock price reached its highest trading level at $343.6738 during the session, while it also had its lowest trading level at $329.25.
Ratios:
To gain a deeper understanding of PANW’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 38.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.64. 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 this company, DA Davidson on June 21, 2024, initiated with a Buy rating and assigned the stock a target price of $380.
On May 29, 2024, Daiwa Securities started tracking the stock assigning a Outperform rating and target price of $350.
Rosenblatt Downgraded its Buy to Neutral on February 21, 2024, whereas the target price for the stock was revised from $290 to $265.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 110386659328 and an Enterprise Value of 107600601088. As of this moment, Palo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.62, and their Forward P/E ratio for the next fiscal year is 54.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.17 while its Price-to-Book (P/B) ratio in mrq is 24.68. Its current Enterprise Value per Revenue stands at 13.81 whereas that against EBITDA is 99.954.
Stock Price History:
The Beta on a monthly basis for PANW is 1.14, which has changed by 0.35499716 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. 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 8.40%, while the 200-Day Moving Average is calculated to be 15.74%.
Shares Statistics:
It appears that PANW traded 3.45M shares on average per day over the past three months and 2310490 shares per day over the past ten days. A total of 323.80M shares are outstanding, with a floating share count of 319.87M. Insiders hold about 1.21% of the company’s shares, while institutions hold 78.59% stake in the company. Shares short for PANW as of 1719532800 were 11796099 with a Short Ratio of 3.42, compared to 1717113600 on 11882859. Therefore, it implies a Short% of Shares Outstanding of 11796099 and a Short% of Float of 3.6799999999999997.
