10 Stocks With At Least $10 Million In Insider Sales Recently

7. Palo Alto Networks, Inc. (NASDAQ:PANW)

Highest Individual Sale: $19,396,036.65

Number of Sales Above $10 million: 16

Market Capitalization: $122.01 billion

Seventh among the 10 stocks with at least $10 million in insider sales recently is a global provider of cybersecurity solutions, Palo Alto Networks. The Santa Clara, California-based company offers a range of network security platforms, including Prisma Access, a security services edge (SSE) solution, and Strata Cloud Manager, a network security management tool. Additionally, Palo Alto Networks provides cloud security solutions such as Prisma Cloud, a cloud-native application protection platform, and the Code to Cloud platform. The company also offers VM-Series and CN-Series virtual firewalls for inline network security in multi-cloud and hybrid-cloud environments.

This week, the company launched Prisma SASE 5G, providing the tools needed to ensure protection in the future of mobility and connectivity. The company also announced the expansion of its private 5G partnerships, collaborating with seven industry leaders to offer comprehensive private 5G security solutions for enterprise deployments.

Since the beginning of the year, the company’s CEO, Nikesh Arora, made 16 sales of his Palo Alto Networks shares. Out of these transactions, one was worth $19.4 million, when Arora sold 106,747 shares at a price of $181.70 per share. Currently, the stock is trading at $184.28 per share, having gained 1.28% since the beginning of the year. Over the past 12 months, Palo Alto Networks returned 32.17% to its investors.

Mad Money host, Jim Cramer recently commented on the stock saying, “Nikesh Arora put up a really good quarter. The headlines were out immediately. Before they even could read the release, sellers came in. Had they read the release, they would’ve realized it is fine. I like Palo Alto very much. It’s a great way to get involved in cybersecurity.”

Cramer added Arora created $104 billion in value for the company.

MarketBeat reveals that 42 analysts have an average “Moderate Buy” on Palo Alto Networks stock, with a price target of $205.6.