Why Palo Alto Networks Inc (NASDAQ:PANW) Stock went up 35.78% in Last Year?

DA Davidson raised the price target for the Palo Alto Networks Inc (NASDAQ:PANW) stock to “a Buy”. The rating was released on June 21, 2024, according to finviz. The research report from Rosenblatt has downgraded the stock from Buy to Neutral, with a price target set at $265. The stock was downgraded by Piper Sandler, who disclosed in a research note on February 21, 2024, from Overweight to Neutral and set the price objective to $300. In their research brief published February 21, 2024, Northland Capital analysts downgraded the Palo Alto Networks Inc stock from Outperform to Market Perform with a price target of $275.

The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated -1.38% within the last five trades and 13.60% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 18.82% in the last 6 months and 25.17% was added to its value over the previous 3 months. PANW stock is trading at a margin of 3.51%, 8.11% and 14.96% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, PANW deals in the Technology domain. The stock is trading -11.73 percent below its 52-week high and 67.11 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 46.57. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Palo Alto Networks Inc’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 9.02 percent and the profit margin is 31.41 percent, and the company has reported a gross margin of 74.43 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $108.86 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Palo Alto Networks Inc (NASDAQ:PANW) is 48.93. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 54.10. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 13.97 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 24.33, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.21 percent of Palo Alto Networks Inc shares are owned by insiders, and 78.65 percent are held by financial institutions. Arora Nikesh, the Chief Executive Officer at Palo Alto Networks Inc (PANW) has sold 66,668 shares of firm on Jul 01 ’24 at a price of $336.54 against the total amount of $22.44 million. In another inside trade, ZUK NIR, EVP, Chief Technology Officer of Palo Alto Networks Inc (NASDAQ:PANW) sold 36,000 shares of the firm on Jul 01 ’24 for a total worth of $12.21 million at a price of $339.16. An inside trade which took place on Jul 01 ’24, President of Palo Alto Networks Inc Jenkins William D Jr sold 1,475 shares of firm against total price of $0.5 million at the cost of $339.12 per share.

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