Director John P. Key sold 7,500 PANW shares at $279.24 on 2026-06-12 ($2.1M), reducing stake 37.5% to 12,500 shares held.
John P. Key, a director at Palo Alto Networks, sold 7,500 shares (37.5% of his pre-transaction holding) on June 12, 2026 at $279.24, with the stock now trading at $279.62 (just 13 cents above the sale price). His prior sell at PANW on August 23, 2024 showed strong timing, with the stock declining 43.1% over the following 90 days. Over his broader cross-ticker open-market history, Key's sells have been well-timed 100% of the time with an average 90-day post-sale decline of 43.1%. The stock has appreciated 67.4% in the 90 days before this sale and recently reached a 52-week high of $302.95, only 7.7% above the current price. Against the backdrop of a highly elevated P/E of 178.10 and given Key's demonstrated pattern of well-timed exits, this substantial reduction in a director's stake merits attention as a potential signal about valuation or near-term outlook.