PANW

Palo Alto Networks, Inc.
NasdaqGSUSDEQUITY Technology DELAYED
Last price
420.85
▲ 14.09 (3.46%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
410.32
Prev close
406.76
Day high
432.33
Day low
412.00
Volume
5.44M
Market cap
$343.49B
P/E (TTM)
1,024.17
52W range
139.57 – 432.33

Day trading desk

Current session · delayed
Gap from prior close
+0.88%
Prior close 406.76
VWAP
420.81
+0.01% from price
Relative volume
1.58×
Unusually busy
Session range
6.22%
407.00 – 432.33
Position in range
55%
Mid range
ATR (14D)
16.76
3.98% of price
Prior day high
407.92
PDH
Prior day low
399.17
PDL
Bid / ask spread
—
Quote not published
Session volume
9.95M
Avg 6.28M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+8.11% +6.2%
1M
+26.00% +24.8%
3M
+30.98% +26.5%
6M
+147.19% +129.0%
YTD
+127.96% +113.7%
1Y
+102.67% +86.2%
3Y
+258.22% +176.0%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on PANW open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
-172.22K
Net selling
Buy transactions
2
7.24K shares
Sell transactions
21
179.46K shares
Net transactions
+23
Buys less sells
Sell : buy shares
24.8 : 1
Heavily one-sided
Insider-held shares
6.16M
Total on file
Bought 7.24KSold 179.46K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Oct 1, 26
PAUL JOSHUA D.
Officer
SELL 400 $158.28K Direct
Sep 24, 26
BAWA APARNA
Director
SELL 260 $102.10K Indirect
Sep 24, 26
GOLECHHA DIPAK
Chief Financial Officer
SELL 27.50K $10.77M Direct
Sep 18, 26
PAUL JOSHUA D.
Officer
STOCK 7.21K $0 Direct
Sep 17, 26
GOETZ JAMES JOSEPH
Director
SELL 20.00K $7.53M Indirect
Sep 15, 26
BAWA APARNA
Director
SELL 1.50K $562.20K Indirect
Sep 14, 26
KEY JOHN PHILLIP
Director
SELL 2.50K $940.08K Direct
Sep 1, 26
PAUL JOSHUA D.
Officer
SELL 900 $336.31K Direct
Aug 25, 26
PAUL JOSHUA D.
Officer
SELL 900 $318.39K Direct
Jul 7, 26
THORNING SCHMIDT HELLE
Director
SELL 700 $242.79K Direct
Jul 1, 26
PAUL JOSHUA D.
Officer
SELL 900 $310.50K Direct
Jul 1, 26
BAWA APARNA
Director
SELL 922 $302.53K Indirect
Jun 23, 26
GOLECHHA DIPAK
Chief Financial Officer
SELL 5.00K $1.45M Direct
Jun 22, 26
BAWA APARNA
Director
SELL 345 $100.11K Indirect
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
ARORA NIKESH
Chief Executive Officer 1.10M Purchase
DONOVAN JOHN M
Director 41.04K Stock Award(Grant)
GOETZ JAMES JOSEPH
Director — Sale
GOLECHHA DIPAK
Chief Financial Officer 117.75K Sale
JENKINS WILLIAM D JR
President 148.22K Sale
KLARICH LEE
Officer and Director 876.05K Sale
MCCARTHY MARY PAT
Director 55.02K Stock Award(Grant)
PAUL JOSHUA D.
Officer 77.99K Sale
TWOHILL LORRAINE
Director 44.48K Stock Award(Grant)
ZUK NIR
Chief Technology Officer 3.14M Sale

Fundamentals

TTM · reported
Market cap$343.49B
Enterprise value$342.98B
Revenue (TTM)$11.48B
Gross profit$8.08B
EBITDA$1.56B
Net income$307.00M
EPS (TTM)$0.41
Free cash flow$4.24B
Total cash$3.07B
Total debt$2.57B
Book value / share$33.73
Shares outstanding818.00M
Float811.31M
Short % of float2.69%
Dividend yield0.00%
Beta (5Y)0.93

Valuation & profitability ratios

Account required
Trailing P/E1,024.17
Forward P/E86.06
PEG ratio2.08
Price / sales—
Price / book12.45
EV / revenue29.88
EV / EBITDA219.86
Gross margin70.38%
Operating margin5.40%
Profit margin2.67%
Return on equity1.74%
Return on assets1.40%
Debt / equity9.34
Current ratio0.87
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 5 years · 6 quarters
Blank means not reported, not zero
Line item2026202520242023YoY
Total revenue $11.48B$9.22B$8.03B$6.89B +24.5%
Operating revenue $11.48B$9.22B$8.03B$6.89B +24.5%
Cost of revenue $3.40B$2.45B$2.06B$1.91B +38.8%
Gross profit $8.08B$6.77B$5.97B$4.98B +19.3%
Research & development $2.55B$1.98B$1.81B$1.60B +28.6%
Selling, general & admin $4.83B$3.54B$3.47B$2.99B +36.3%
Total operating expense $7.38B$5.53B$5.28B$4.60B +33.6%
Operating income $695.00M$1.24B$684.00M$387.30M -44.1%
Net interest income $374.00M$361.00M$310.00M$197.20M +3.6%
Pre-tax income $536.00M$1.60B$988.00M$566.30M -66.4%
Tax provision $229.00M$462.00M-$1.59B$126.60M -50.4%
Net income $307.00M$1.13B$2.58B$439.70M -72.9%
Net income to common $307.00M$1.13B$2.58B$439.70M -72.9%
Basic EPS 0.411.714.040.73 -76.0%
Diluted EPS 0.401.603.640.64 -75.0%
EBIT $536.00M$1.60B$996.00M$586.80M -66.5%
EBITDA $1.39B$1.94B$1.28B$869.00M -28.4%
Basic shares 749.00M663.00M638.00M606.40M +13.0%
Diluted shares 764.00M709.00M708.00M684.60M +7.8%

Options analytics

Account required
Put / call volume
0.85
Call-heavy session
Put / call open interest
0.84
Positioning, not flow
Max pain
390.00
-7.1% from spot
ATM implied vol
52.8%
Nearest strike to spot
Skew (10% OTM)
+6.0%
Puts bid over calls
Call volume
7.74K
Contracts, this expiry
Put volume
6.54K
Contracts, this expiry
Heaviest call OI
445.00
750 contracts
Heaviest put OI
365.00
643 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jul 2026 0.981.02 +4.4%
Apr 2026 0.800.85 +6.6%
Jan 2026 0.941.03 +9.9%
Oct 2025 0.890.93 +4.4%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 0.97 45 $3.31B +33.7%
Next quarter 0.43 16 $3.42B +31.8%
Current year 4.19 53 $14.17B +23.5%
Next year 2.21 18 $16.23B +14.5%

Analyst targets & ownership

Account required
Mean target$396.92
High target$475.00
Low target$190.00
Implied upside-5.69%
Analyst count50
ConsensusBUY
Strong buy / Buy10 / 32
Hold11
Sell / Strong sell1 / 1
Held by insiders0.75%
Held by institutions84.36%
Institutions holding3.85K
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
396.19
+6.22% from price
SMA 20
378.79
+10.86% from price
SMA 50
365.57
+14.86% from price
SMA 100
332.20
+26.68% from price
SMA 200
252.62
+66.22% from price
EMA 12
393.80
+6.87% from price
EMA 26
379.79
+10.81% from price
EMA 50
363.33
+15.83% from price
RSI (14)
67.5
Neutral
MACD (12,26,9)
14.01
Hist 3.60
ATR (14)
16.76
3.99% of price
Realised vol 30D
67.5%
Annualised
Bollinger upper
424.72
20, 2σ
Bollinger lower
332.86
20, 2σ
50 / 200 cross
Golden
365.57 vs 252.62
Trend bias
Above 200
+66.22%

Options chain

Account required
Expiry
Spot 420.85
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
1.19
More volatile than market
Correlation to SPY
0.33
Loosely linked
Realised vol 30D
67.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-36.0%
Peak to trough
Max drawdown 5Y
-36.0%
Peak to trough
ATR 14
16.76
3.99% of price
Beta (reported)
0.93
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
21.87M
Prior 22.41M
Change vs prior
-2.4%
Shorts covering
% of float
2.69%
Normal
% of shares out
2.67%
Against total outstanding
Days to cover
3.4
Liquid
Float
811.31M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

933 on file
DateFirm ActionFromTo
Oct 2, 26 TD Cowen MAINTAINED Buy Buy
Sep 28, 26 BTIG MAINTAINED Buy Buy
Sep 21, 26 Morgan Stanley MAINTAINED Overweight Overweight
Sep 17, 26 Bernstein DOWNGRADE Outperform Market Perform
Sep 3, 26 Argus Research MAINTAINED Buy Buy
Sep 2, 26 Citigroup MAINTAINED Buy Buy
Sep 2, 26 Roth Capital MAINTAINED Neutral Neutral
Sep 2, 26 Oppenheimer MAINTAINED Outperform Outperform
Sep 2, 26 Piper Sandler MAINTAINED Overweight Overweight
Sep 2, 26 DA Davidson MAINTAINED Buy Buy
Sep 2, 26 Barclays MAINTAINED Overweight Overweight
Sep 2, 26 RBC Capital MAINTAINED Outperform Outperform

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split2:1
Split dateDec 16, 2024

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.