CAO Paul Josh sold $310K worth of PANW shares at $345, trimming 1.1% of his directly held stake. This follows his pattern of consistent selling with no buying history and occurs amid multiple recent bearish insider signals at the company.

Where it could go — 41.7% of similar broad universe setups led to higher prices at 90 days; watch $358 as resistance, $251 as support.

Director Bawa Aparna sold $303K worth of PANW shares at $328.13, reducing direct holdings by 12.5% while the stock trades 8.4% below its 90-day high. This marks their fifth sale in two years with no supporting buyer cluster, suggesting routine diversification rather than a strong directional signal.

Where it could go — Analyst mean target unavailable; bear case if stock breaks $251 support level.

CFO Dipak Golechha sold $1.4M worth of PANW at $289.56, trimming his direct stake by 3.3% from a position 101.8% above the 90-day low. This matters as it is his largest sale on record, yet it fits a pattern of regular sales and occurs against a backdrop of strong analyst conviction. Bear: breaks $243 support; bull holds above $290 with a 55-day runway to earnings.

Where it could go — Broad base rate 41.7% positive at 90d; bear breaks $243, bull holds $290.

Director Bawa Aparna sold $100K worth of PANW shares at $290.17, reducing her direct holdings by 4.5%. This is her fourth sale in 18 months with no other insiders buying, suggesting ongoing personal portfolio management rather than a negative signal.

Where it could go — Analyst mean target implies upside; bear case if stock breaks $243.

Director James Goetz sold $5.6M of PANW shares at $279.90, reducing his directly held stake by 50%. This appears to be routine diversification given his history of 4 prior sales and no offsetting buying activity from other insiders.

Where it could go — Analyst mean target implies upside from current levels; watch for any break below $210 as bearish confirmation.

Director John Key sold $2.1M of PANW shares at $279.24, reducing his direct holdings by 37.5% at a price 89.8% above the 90-day low. This is his largest sale in our records and occurs despite a STRONG BUY analyst consensus with no other insider buyers in the past 60 days.

Where it could go — Analyst mean target data unavailable; bear case if stock breaks below $210 support.

Director Bawa Aparna sold $400K in PANW shares, reducing her directly held stake by 16% at a price 10.1% below the 90-day high. This is her third sale on record, a routine pattern with no other insider buyers to provide a counter-signal.

Where it could go — Analyst mean target not provided; bear case if stock breaks the 90-day low of $143.50.

PANW Chief Accounting Officer Paul Josh D. sold $314K worth of shares at $285.08, reducing his stake by 1.3% just one day before earnings. This isolated sale by a non-core officer represents routine diversification rather than a strong bearish signal given the small stake reduction.

Where it could go — Analyst mean target implies upside from current levels; bear case if stock breaks below $250 support.

EVP Klarich Lee sold $136K worth of PANW shares, reducing his stake by just 0.2% while the stock traded 79% above its 90-day low. This small-scale sale during a strong analyst consensus period appears to be routine portfolio management rather than a meaningful bearish signal.

Where it could go — Analyst mean target implies upside; bear case if stock breaks $169.60 support.