PANWPalo Alto Networks, Inc.Technology · Software - Infrastructureas of 2026-09-25
Horizon

Issued 2026-09-25 at $374.74 · now $374.74 (2026-09-25, +0.0% since)

Based on its own history, a month from the 2026-09-25 close, PANW has typically landed between $316.59 and $450.64 — a range of −15.5% to +20.3% from the issuance price $374.74.

Range of outcomes in historically similar periods — not a price prediction. Ranges are scored publicly on /methodology.
  • Actual close
  • Typical path (median)
  • Middle 50% of outcomes
  • 90% range

3,545 overlapping 1 month windows · 2012-07-20 – 2026-08-26 · basis climatology · forecast (batch). Base rate up 53.7% (90% CI 51.5–55.9%, ≈1,391 obs). Not a call on this stock — we have no evidence its odds differ.

The cone is anchored at the 2026-09-25 issuance close ($374.74) — the price the forecast resolves against on 2026-10-26, not the latest close. The drawn path shape is illustrative (bands widen with √t); every labeled number is real — the anchor, the scored batch p90/IQR endpoints, and the typical move.

Where PANW has typically landed a month from the 2026-09-25 close of $374.74 — the range is history, not a prediction.

$316.59worst · -15.5%$450.64best · +20.3%
  • now $374.74 (+0.0%)
  • typicalThe typical outcome — half of similar past periods did better and half did worse (not an average, so a few wild periods don't skew it). $384.79 (+2.7%)
  • middle 50%The central range of outcomes — half of similar past periods landed inside it, a quarter finished above, a quarter below. $359.53–$410.04
  • 90% rangeA nine-in-ten range — in about nine of every ten similar past periods the outcome stayed within these bounds. $316.59–$450.64
Actual 1-month windows behind the coneiEvery overlapping 1-month window in this security's own price history was ranked by realized return; shown are the 3 worst and 3 best of 3,545 windows spanning 2012-07-20 to 2026-09-25. Not cherry-picked — these are the extremes of the full sample. Max drop / max rise are the deepest and highest points reached within each window. See /methodology.
StartReturnMax dropMax rise
3 worst
2020-02-18−46.8%−46.8%+0.0%
2020-02-13−44.1%−44.1%+1.5%
2020-02-19−44.1%−46.7%+0.2%
3 best
2026-04-30+67.6%+0.0%+67.6%
2026-05-01+64.1%+0.0%+65.9%
2026-04-29+55.2%−1.2%+55.2%

3,545 overlapping windows · 2012-07-20 – 2026-09-25 · not cherry-picked

Fundamentals iCompany financials — revenue, earnings, margins — from the newest filings shown, each carried with its date.iAs-reported figures and standard ratios from FMP, as of 2026-07-25. Revenue, net income and free cash flow can toggle annual or quarterly; margin, ROE and debt-to-equity are shown by fiscal year. We report the figures and the trend — no target price and no over/under-valued call. More on /methodology.

$220.7B
market cap
$1.15
EPS (TTM)
281.6
P/E (TTM)
2026-08-17
next earnings
Revenue$9.2B
'20'25
Net income$1.1B
'20'25
Free cash flow$3.5B
'20'25
Net margin · by yr12.3%
'20'25
ROE · by yr14.5%
'20'25
Debt / equity · by yr0.04
'20'25

Fair value — three views iIndependent reference estimates of worth (a cash-flow model, peer multiples, analyst targets), shown as separate views — not a single verdict.

iThree independent estimates of per-share value, each by a different method and each with its own assumptions: a discounted-cash-flow intrinsic value, a peer comparable (the median trailing P/E of 80 sector peers times this company's trailing EPS), and the analyst price-target consensus. They routinely disagree — that gap is the point. We show the three marks and the current price; we do not blend them into a single number or call the stock over- or under-valued. Marks as of the latest capture. More on /methodology.
now $374.74$8.08$461.25
  • DCF (intrinsic)$116.36
  • Peer P/E × EPS · sector median 34.2× · n=80$39.34
  • Analyst target · range $209.00–$430.00$337.50
  • Current price · last close 2026-09-25$374.74

Seasonality · by month iHow this security has tended to do in each calendar month historically — a frequency, never a prediction.

iFor each calendar month, the share of years this security closed higher than the month before, and the average month-over-month return, over ~15 years of its own price history. Cells are shaded by average return. This is historical frequency, not a prediction — no month is a signal.
Jan
71%
+3.9%
n=14
Feb
71%
+4.3%
n=14
Mar
43%
−2.8%
n=14
Apr
57%
+1.5%
n=14
May
71%
+6.9%
n=14
Jun
64%
+5.0%
n=14
Jul
50%
+2.0%
n=14
Aug
73%
+5.0%
n=15
Sep
47%
+1.3%
n=15
Oct
57%
−0.5%
n=14
Nov
50%
+6.1%
n=14
Dec
36%
+0.4%
n=14

Up-frequency and average month-over-month return · historical frequency, not a prediction

Reported insider & political trades

Every Form 4 the people closest to this company have filed with the SEC — plotted against the share price, aggregated by month, and shown with the gap between when each trade happened and when it was disclosed. A public record, not advice.

Share price & reported tradesMonthly open-market valueReporting lag — trade date to filing date2026-092026-082026-072026-062026-052026-042026-032026-022026-012025-122025-112025-102025-092025-08$396$1422026-09-17: 11 insider sales, $7.5M — GOETZ JAMES J …2026-09-15: 1 insider sale, $189K — Bawa Aparna2026-09-14: 2 insider sales, $1.3M — Key John P., Bawa Aparna2026-09-01: 1 insider sale, $336K — Paul Josh D.2026-08-25: 1 insider sale, $318K — Paul Josh D.2026-07-07: 1 insider sale, $243K — Thorning-Schmidt Helle2026-07-01: 2 insider sales, $412K — Paul Josh D., Bawa Aparna2026-06-29: 2 insider sales, $201K — Bawa Aparna …2026-06-23: 6 insider sales, $1.4M — Golechha Dipak …2026-06-22: 1 insider sale, $100K — Bawa Aparna2026-06-12: 7 insider sales, $7.8M — Key John P., GOETZ JAMES J, Bawa Aparna …2026-06-11: 1 insider sale, $150K — Bawa Aparna2026-06-10: 1 insider sale, $100K — Bawa Aparna2026-06-01: 1 insider sale, $314K — Paul Josh D.2026-05-22: 12 insider sales, $16.3M — Klarich Lee …2026-05-20: 1 insider sale, $95K — Paul Josh D.2026-04-08: 1 insider sale, $272K — Key John P.2026-04-01: 4 insider sales, $980K — Golechha Dipak, Paul Josh D. …2026-03-27: 2 insider purchases, $10.0M — Arora Nikesh …2026-03-06: 2 insider sales, $3.7M — GOETZ JAMES J …2026-03-02: 1 insider sale, $251K — Paul Josh D.2026-01-08: 5 insider sales, $23.1M — Klarich Lee …2026-01-02: 2 insider sales, $315K — Jenkins William D Jr, Paul Josh D.2025-12-26: 2 insider sales, $1.2M — Jenkins William D Jr …2025-12-23: 1 insider sale, $941K — Golechha Dipak2025-12-09: 3 insider sales, $2.4M — GOETZ JAMES J …2025-12-08: 2 insider sales, $2.4M — GOETZ JAMES J …2025-12-03: 7 insider sales, $23.2M — Klarich Lee …2025-12-01: 1 insider sale, $133K — Paul Josh D.2025-11-03: 7 insider sales, $26.5M — Klarich Lee, Paul Josh D. …2025-10-06: 5 insider sales, $25.6M — Klarich Lee …2025-10-01: 1 insider sale, $142K — Paul Josh D.2025-09-23: 12 insider sales, $173.7M — Arora Nikesh, Golechha Dipak …2025-09-03: 5 insider sales, $23.1M — Klarich Lee …2025-09-02: 1 insider sale, $131K — Paul Josh D.2025-08-21: 1 insider sale, $129K — Paul Josh D.2025-08: 14 open-market sales, $38.1M2025-09: 18 open-market sales, $197.0M2025-10: 6 open-market sales, $25.7M2025-11: 7 open-market sales, $26.5M2025-12: 16 open-market sales, $30.3M2026-01: 7 open-market sales, $23.4M2026-03: 2 open-market purchases, $10.0M2026-03: 3 open-market sales, $4.0M2026-04: 5 open-market sales, $1.3M2026-05: 13 open-market sales, $16.4M2026-06: 19 open-market sales, $10.2M2026-07: 3 open-market sales, $654K2026-08: 1 open-market sale, $318K2026-09: 15 open-market sales, $9.4M↑ buys↓ salesdirector GOETZ JAMES J — Sale on 2026-09-17, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-09-17, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-09-17, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-09-17, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-09-17, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-09-17, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-09-17, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-09-17, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-09-17, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-09-17, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-09-17, filed 4 days after the tradedirector Bawa Aparna — Sale on 2026-09-15, filed 1 day after the tradedirector Key John P. — Sale on 2026-09-14, filed 2 days after the tradedirector Bawa Aparna — Sale on 2026-09-14, filed 2 days after the tradeofficer Paul Josh D. — Sale on 2026-09-01, filed 2 days after the tradeofficer Paul Josh D. — Sale on 2026-08-25, filed 2 days after the tradedirector Thorning-Schmidt Helle — Sale on 2026-07-07, filed 1 day after the tradeofficer Paul Josh D. — Sale on 2026-07-01, filed same daydirector Bawa Aparna — Sale on 2026-07-01, filed same daydirector Bawa Aparna — Sale on 2026-06-29, filed 2 days after the tradedirector Bawa Aparna — Sale on 2026-06-29, filed 2 days after the tradeofficer Golechha Dipak — Sale on 2026-06-23, filed 1 day after the tradeofficer Golechha Dipak — Sale on 2026-06-23, filed 1 day after the tradeofficer Golechha Dipak — Sale on 2026-06-23, filed 1 day after the tradeofficer Golechha Dipak — Sale on 2026-06-23, filed 1 day after the tradeofficer Golechha Dipak — Sale on 2026-06-23, filed 1 day after the tradeofficer Golechha Dipak — Sale on 2026-06-23, filed 1 day after the tradedirector Bawa Aparna — Sale on 2026-06-22, filed same daydirector Key John P. — Sale on 2026-06-12, filed same daydirector GOETZ JAMES J — Sale on 2026-06-12, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-06-12, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-06-12, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-06-12, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-06-12, filed 4 days after the tradedirector Bawa Aparna — Sale on 2026-06-12, filed same daydirector Bawa Aparna — Sale on 2026-06-11, filed 1 day after the tradedirector Bawa Aparna — Sale on 2026-06-10, filed 2 days after the tradeofficer Paul Josh D. — Sale on 2026-06-01, filed 1 day after the tradedirector Klarich Lee — Sale on 2026-05-22, filed 5 days after the tradedirector Klarich Lee — Sale on 2026-05-22, filed 5 days after the tradedirector Klarich Lee — Sale on 2026-05-22, filed 5 days after the tradedirector Klarich Lee — Sale on 2026-05-22, filed 5 days after the tradedirector Klarich Lee — Sale on 2026-05-22, filed 5 days after the tradedirector Klarich Lee — Sale on 2026-05-22, filed 5 days after the tradedirector Klarich Lee — Sale on 2026-05-22, filed 5 days after the tradedirector Klarich Lee — Sale on 2026-05-22, filed 5 days after the tradedirector Klarich Lee — Sale on 2026-05-22, filed 5 days after the tradedirector Klarich Lee — Sale on 2026-05-22, filed 5 days after the tradedirector Klarich Lee — Sale on 2026-05-22, filed 5 days after the tradedirector Klarich Lee — Sale on 2026-05-22, filed 5 days after the tradeofficer Paul Josh D. — Sale on 2026-05-20, filed 2 days after the tradedirector Key John P. — Sale on 2026-04-08, filed 2 days after the tradeofficer Golechha Dipak — Sale on 2026-04-01, filed 2 days after the tradeofficer Golechha Dipak — Sale on 2026-04-01, filed 2 days after the tradeofficer Paul Josh D. — Sale on 2026-04-01, filed 2 days after the tradeofficer Golechha Dipak — Sale on 2026-04-01, filed 2 days after the tradedirector Arora Nikesh — Purchase on 2026-03-27, filed same daydirector Arora Nikesh — Purchase on 2026-03-27, filed same daydirector GOETZ JAMES J — Sale on 2026-03-06, filed 4 days after the tradedirector GOETZ JAMES J — Sale on 2026-03-06, filed 4 days after the tradeofficer Paul Josh D. — Sale on 2026-03-02, filed 2 days after the tradedirector Klarich Lee — Sale on 2026-01-08, filed 4 days after the tradedirector Klarich Lee — Sale on 2026-01-08, filed 4 days after the tradedirector Klarich Lee — Sale on 2026-01-08, filed 4 days after the tradedirector Klarich Lee — Sale on 2026-01-08, filed 4 days after the tradedirector Klarich Lee — Sale on 2026-01-08, filed 4 days after the tradedirector Jenkins William D Jr — Sale on 2026-01-02, filed 4 days after the tradeofficer Paul Josh D. — Sale on 2026-01-02, filed 4 days after the tradedirector Jenkins William D Jr — Sale on 2025-12-26, filed 3 days after the tradedirector Jenkins William D Jr — Sale on 2025-12-26, filed 3 days after the tradeofficer Golechha Dipak — Sale on 2025-12-23, filed 6 days after the tradedirector GOETZ JAMES J — Sale on 2025-12-09, filed 1 day after the tradedirector GOETZ JAMES J — Sale on 2025-12-09, filed 1 day after the tradedirector GOETZ JAMES J — Sale on 2025-12-09, filed 1 day after the tradedirector GOETZ JAMES J — Sale on 2025-12-08, filed 2 days after the tradedirector GOETZ JAMES J — Sale on 2025-12-08, filed 2 days after the tradedirector Klarich Lee — Sale on 2025-12-03, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-12-03, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-12-03, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-12-03, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-12-03, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-12-03, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-12-03, filed 1 day after the tradeofficer Paul Josh D. — Sale on 2025-12-01, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-11-03, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-11-03, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-11-03, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-11-03, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-11-03, filed 1 day after the tradeofficer Paul Josh D. — Sale on 2025-11-03, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-11-03, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-10-06, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-10-06, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-10-06, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-10-06, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-10-06, filed 1 day after the tradeofficer Paul Josh D. — Sale on 2025-10-01, filed 1 day after the tradedirector Arora Nikesh — Sale on 2025-09-23, filed 1 day after the tradedirector Arora Nikesh — Sale on 2025-09-23, filed 1 day after the tradedirector Arora Nikesh — Sale on 2025-09-23, filed 1 day after the tradedirector Arora Nikesh — Sale on 2025-09-23, filed 1 day after the tradedirector Arora Nikesh — Sale on 2025-09-23, filed 1 day after the tradedirector Arora Nikesh — Sale on 2025-09-23, filed 1 day after the tradedirector Arora Nikesh — Sale on 2025-09-23, filed 1 day after the tradeofficer Golechha Dipak — Sale on 2025-09-23, filed 1 day after the tradeofficer Golechha Dipak — Sale on 2025-09-23, filed 1 day after the tradeofficer Golechha Dipak — Sale on 2025-09-23, filed 1 day after the tradeofficer Golechha Dipak — Sale on 2025-09-23, filed 1 day after the tradeofficer Golechha Dipak — Sale on 2025-09-23, filed 1 day after the tradedirector Klarich Lee — Sale on 2025-09-03, filed 2 days after the tradedirector Klarich Lee — Sale on 2025-09-03, filed 2 days after the tradedirector Klarich Lee — Sale on 2025-09-03, filed 2 days after the tradedirector Klarich Lee — Sale on 2025-09-03, filed 2 days after the tradedirector Klarich Lee — Sale on 2025-09-03, filed 2 days after the tradeofficer Paul Josh D. — Sale on 2025-09-02, filed 1 day after the tradeofficer Paul Josh D. — Sale on 2025-08-21, filed 1 day after the trade
DatePersonRoleActionShares @ priceValueOwnership Δvs S&P 1mvs S&P 6mOwned afterFiling
2026-09-17GOETZ JAMES JdirectorSale4,751 @ $376.66$1.8M−45.1% of holdingnot yet — horizon still opennot yet — horizon still open5,778Form 4 · filed 4 days after the trade
2026-09-17GOETZ JAMES JdirectorSale4,313 @ $375.73$1.6M−29.1% of holdingnot yet — horizon still opennot yet — horizon still open10,529Form 4 · filed 4 days after the trade
2026-09-17GOETZ JAMES JdirectorSale3,348 @ $374.72$1.3M−18.4% of holdingnot yet — horizon still opennot yet — horizon still open14,842Form 4 · filed 4 days after the trade
2026-09-17GOETZ JAMES JdirectorSale1,504 @ $378.74$570K−33.5% of holdingnot yet — horizon still opennot yet — horizon still open2,981Form 4 · filed 4 days after the trade
2026-09-17GOETZ JAMES JdirectorSale1,293 @ $377.65$488K−22.4% of holdingnot yet — horizon still opennot yet — horizon still open4,485Form 4 · filed 4 days after the trade
2026-09-17GOETZ JAMES JdirectorSale1,000 @ $380.71$381K−43.8% of holdingnot yet — horizon still opennot yet — horizon still open1,281Form 4 · filed 4 days after the trade
2026-09-17GOETZ JAMES JdirectorSale910 @ $373.53$340K−4.8% of holdingnot yet — horizon still opennot yet — horizon still open18,190Form 4 · filed 4 days after the trade
2026-09-17GOETZ JAMES JdirectorSale900 @ $372.51$335K−4.5% of holdingnot yet — horizon still opennot yet — horizon still open19,100Form 4 · filed 4 days after the trade
2026-09-17GOETZ JAMES JdirectorSale781 @ $381.86$298K−61.0% of holdingnot yet — horizon still opennot yet — horizon still open500Form 4 · filed 4 days after the trade
2026-09-17GOETZ JAMES JdirectorSale700 @ $379.61$266K−23.5% of holdingnot yet — horizon still opennot yet — horizon still open2,281Form 4 · filed 4 days after the trade
2026-09-17GOETZ JAMES JdirectorSale500 @ $382.69$191K−100.0% of holdingnot yet — horizon still opennot yet — horizon still open0Form 4 · filed 4 days after the trade
2026-09-15Bawa AparnadirectorSale500 @ $377.18$189K−9.2% of holdingnot yet — horizon still opennot yet — horizon still open4,937Form 4 · filed 1 day after the trade
2026-09-14Key John P.directorSale2,500 @ $376.03$940K−20.0% of holdingnot yet — horizon still opennot yet — horizon still open10,000Form 4 · filed 2 days after the trade
2026-09-14Bawa AparnadirectorSale1,000 @ $373.61$374K−15.5% of holdingnot yet — horizon still opennot yet — horizon still open5,437Form 4 · filed 2 days after the trade
2026-09-01Paul Josh D.officerSale900 @ $373.68$336K−1.2% of holdingnot yet — horizon still opennot yet — horizon still open72,484Form 4 · filed 2 days after the trade
2026-08-25Paul Josh D.officerSale900 @ $353.77$318K−1.2% of holding+14.6%not yet — horizon still open73,354Form 4 · filed 2 days after the trade
2026-07-07Thorning-Schmidt HelledirectorSale700 @ $346.85$243K−10.6% of holding+4.6%not yet — horizon still open5,898Form 4 · filed 1 day after the trade
2026-07-01Paul Josh D.officerSale900 @ $345.00$311K−1.1% of holding−5.9%not yet — horizon still open79,644Form 4 · filed same day
2026-07-01Bawa AparnadirectorSale290 @ $348.74$101K−4.3% of holding−5.9%not yet — horizon still open6,437Form 4 · filed same day
2026-06-29Bawa AparnadirectorSale327 @ $309.83$101K−4.4% of holding−3.8%not yet — horizon still open7,032Form 4 · filed 2 days after the trade
2026-06-29Bawa AparnadirectorSale305 @ $328.14$100K−4.3% of holding−3.8%not yet — horizon still open6,727Form 4 · filed 2 days after the trade
2026-06-23Golechha DipakofficerSale2,100 @ $290.03$609K−1.4% of holding+11.3%not yet — horizon still open146,350Form 4 · filed 1 day after the trade
2026-06-23Golechha DipakofficerSale1,300 @ $288.96$376K−0.9% of holding+11.3%not yet — horizon still open148,450Form 4 · filed 1 day after the trade
2026-06-23Golechha DipakofficerSale886 @ $291.07$258K−0.6% of holding+11.3%not yet — horizon still open145,464Form 4 · filed 1 day after the trade
2026-06-23Golechha DipakofficerSale300 @ $284.80$85K−0.2% of holding+11.3%not yet — horizon still open149,950Form 4 · filed 1 day after the trade
2026-06-23Golechha DipakofficerSale214 @ $291.84$62K−0.1% of holding+11.3%not yet — horizon still open145,250Form 4 · filed 1 day after the trade
2026-06-23Golechha DipakofficerSale200 @ $286.68$57K−0.1% of holding+11.3%not yet — horizon still open149,750Form 4 · filed 1 day after the trade
2026-06-22Bawa AparnadirectorSale345 @ $290.17$100K−4.5% of holding+16.7%not yet — horizon still open7,359Form 4 · filed same day
2026-06-12Key John P.directorSale7,500 @ $279.24$2.1M−37.5% of holding+24.6%not yet — horizon still open12,500Form 4 · filed same day
2026-06-12GOETZ JAMES JdirectorSale7,114 @ $279.88$2.0M−21.0% of holding+24.6%not yet — horizon still open26,686Form 4 · filed 4 days after the trade
2026-06-12GOETZ JAMES JdirectorSale5,193 @ $280.89$1.5M−19.5% of holding+24.6%not yet — horizon still open21,493Form 4 · filed 4 days after the trade
2026-06-12GOETZ JAMES JdirectorSale4,800 @ $278.89$1.3M−12.4% of holding+24.6%not yet — horizon still open33,800Form 4 · filed 4 days after the trade
2026-06-12GOETZ JAMES JdirectorSale1,493 @ $281.64$420K−6.9% of holding+24.6%not yet — horizon still open20,000Form 4 · filed 4 days after the trade
2026-06-12GOETZ JAMES JdirectorSale1,400 @ $277.89$389K−3.5% of holding+24.6%not yet — horizon still open38,600Form 4 · filed 4 days after the trade
2026-06-12Bawa AparnadirectorSale536 @ $280.00$150K−6.5% of holding+24.6%not yet — horizon still open7,704Form 4 · filed same day
2026-06-11Bawa AparnadirectorSale555 @ $270.00$150K−6.3% of holding+24.1%not yet — horizon still open8,240Form 4 · filed 1 day after the trade
2026-06-10Bawa AparnadirectorSale377 @ $265.00$100K−4.1% of holding+21.9%not yet — horizon still open8,795Form 4 · filed 2 days after the trade
2026-06-01Paul Josh D.officerSale1,100 @ $285.08$314K−1.3% of holding+18.6%not yet — horizon still open81,636Form 4 · filed 1 day after the trade
2026-05-22Klarich LeedirectorSale18,067 @ $259.62$4.7M−6.6% of holding+10.9%not yet — horizon still open253,771Form 4 · filed 5 days after the trade
2026-05-22Klarich LeedirectorSale16,865 @ $260.62$4.4M−6.6% of holding+10.9%not yet — horizon still open236,906Form 4 · filed 5 days after the trade
2026-05-22Klarich LeedirectorSale10,414 @ $258.70$2.7M−3.7% of holding+10.9%not yet — horizon still open271,838Form 4 · filed 5 days after the trade
2026-05-22Klarich LeedirectorSale4,694 @ $255.58$1.2M−1.6% of holding+10.9%not yet — horizon still open288,024Form 4 · filed 5 days after the trade
2026-05-22Klarich LeedirectorSale4,205 @ $254.85$1.1M−1.4% of holding+10.9%not yet — horizon still open292,718Form 4 · filed 5 days after the trade
2026-05-22Klarich LeedirectorSale2,897 @ $257.63$746K−1.0% of holding+10.9%not yet — horizon still open282,252Form 4 · filed 5 days after the trade
2026-05-22Klarich LeedirectorSale2,875 @ $256.60$738K−1.0% of holding+10.9%not yet — horizon still open285,149Form 4 · filed 5 days after the trade
2026-05-22Klarich LeedirectorSale923 @ $261.25$241K−0.4% of holding+10.9%not yet — horizon still open235,983Form 4 · filed 5 days after the trade
2026-05-22Klarich LeedirectorSale582 @ $251.94$147K−0.2% of holding+10.9%not yet — horizon still open297,243Form 4 · filed 5 days after the trade
2026-05-22Klarich LeedirectorSale543 @ $250.03$136K−0.2% of holding+10.9%not yet — horizon still open298,344Form 4 · filed 5 days after the trade
2026-05-22Klarich LeedirectorSale519 @ $251.20$130K−0.2% of holding+10.9%not yet — horizon still open297,825Form 4 · filed 5 days after the trade
2026-05-22Klarich LeedirectorSale320 @ $253.25$81K−0.1% of holding+10.9%not yet — horizon still open296,923Form 4 · filed 5 days after the trade
2026-05-20Paul Josh D.officerSale400 @ $236.95$95K−0.5% of holding+15.4%not yet — horizon still open82,736Form 4 · filed 2 days after the trade
2026-04-08Key John P.directorSale1,572 @ $173.32$272K−7.3% of holding+4.9%not yet — horizon still open20,000Form 4 · filed 2 days after the trade
2026-04-01Golechha DipakofficerSale3,500 @ $160.70$562K−2.3% of holding+2.7%not yet — horizon still open150,250Form 4 · filed 2 days after the trade
2026-04-01Golechha DipakofficerSale1,300 @ $160.04$208K−0.8% of holding+2.7%not yet — horizon still open153,750Form 4 · filed 2 days after the trade
2026-04-01Paul Josh D.officerSale1,100 @ $161.40$178K−1.3% of holding+2.7%not yet — horizon still open83,136Form 4 · filed 2 days after the trade
2026-04-01Golechha DipakofficerSale200 @ $157.81$32K−0.1% of holding+2.7%not yet — horizon still open155,050Form 4 · filed 2 days after the trade
2026-03-27Arora NikeshdirectorPurchase67,985 @ $146.87$10.0M+24.7% of holding+10.9%not yet — horizon still open343,294Form 4 · filed same day
2026-03-27Arora NikeshdirectorPurchase100 @ $147.48$15K+0.0% of holding+10.9%not yet — horizon still open343,394Form 4 · filed same day
2026-03-06GOETZ JAMES JdirectorSale14,184 @ $164.76$2.3M−21.3% of holding+4.6%+86.8%52,500Form 4 · filed 4 days after the trade
2026-03-06GOETZ JAMES JdirectorSale8,500 @ $163.83$1.4M−11.3% of holding+4.6%+86.8%66,684Form 4 · filed 4 days after the trade

The vs-S&P columns are a labeled look-back on what the stock did after each filing, measured against the index over the same window. Descriptive history, not a claim about the person or a reason to trade.

80 award / exercise / gift records — not counted as purchases

Awards, option exercises, gifts and tax-withholding disposals are shown separately and never counted as open-market purchases or sales — they carry no conviction information.

DatePersonRoleActionSharesOwned afterFiling
2026-09-18Paul Josh D.officerAward / grant7,21179,695Form 4
2026-09-01Thorning-Schmidt HelledirectorWithheld for tax2115,687Form 4
2026-08-21Paul Josh D.officerWithheld for tax1,52974,254Form 4
2026-08-01Paul Josh D.officerWithheld for tax3,86175,783Form 4
2026-07-01Paul Josh D.officerWithheld for tax1,09280,544Form 4
2026-06-30Arora NikeshdirectorDiscretionary865,0902,093,369Form 4
2026-06-04Jenkins William D JrdirectorDiscretionary69,499213,568Form 4
2026-06-01Thorning-Schmidt HelledirectorWithheld for tax2116,598Form 4
2026-04-01Paul Josh D.officerWithheld for tax94784,236Form 4
2026-03-10Paul Josh D.officerAward / grant26,36985,183Form 4
2026-03-01Thorning-Schmidt HelledirectorWithheld for tax3456,809Form 4
2026-02-12Arora NikeshdirectorAward / grant165275,178Form 4
2026-02-12Klarich LeedirectorAward / grant70640,070Form 4
2026-02-12Arora NikeshdirectorAward / grant165275,178Form 4
2026-02-12Klarich LeedirectorAward / grant70640,070Form 4
2026-02-12Bawa AparnadirectorAward / grant242,184Form 4
2026-02-12Bawa AparnadirectorAward / grant242,184Form 4
2026-01-08Klarich LeedirectorOption exercise92,010419,655Form 4
2026-01-08Klarich LeedirectorOption exercise92,0100Form 4
2025-12-10Klarich LeedirectorGift50,000640,000Form 4
2025-12-10Goodburn Mark A.directorAward / grant4,9445,728Form 4
2025-12-09Donovan JohndirectorAward / grant2,51614,188Form 4
2025-12-09Eschenbach Carl M.directorAward / grant1,88122,123Form 4
2025-12-09Thorning-Schmidt HelledirectorAward / grant1,9837,154Form 4
2025-12-09McCarthy Mary PatdirectorAward / grant2,03355,023Form 4
2025-12-09Key John P.directorAward / grant2,28821,572Form 4
2025-12-09Twohill LorrainedirectorAward / grant2,13544,481Form 4
2025-12-09Bawa AparnadirectorAward / grant2,1602,160Form 4
2025-12-03Klarich LeedirectorOption exercise92,010448,419Form 4
2025-12-03Klarich LeedirectorOption exercise92,01092,010Form 4
2025-11-26Golechha DipakofficerGift2,500160,119Form 4
2025-11-03Klarich LeedirectorOption exercise92,010477,183Form 4
2025-11-03Klarich LeedirectorOption exercise92,010184,020Form 4
2025-11-01Klarich LeedirectorWithheld for tax232,055385,173Form 4
2025-11-01Jenkins William D JrdirectorWithheld for tax164,219155,339Form 4
2025-11-01Golechha DipakofficerWithheld for tax73,926162,619Form 4
2025-11-01Paul Josh D.officerWithheld for tax15,47048,205Form 4
2025-11-01Jenkins William D JrdirectorAward / grant312,025319,558Form 4
2025-11-01Paul Josh D.officerAward / grant31,20163,675Form 4
2025-11-01Klarich LeedirectorAward / grant468,038617,228Form 4

Source: SEC Form 4 filings. Each row links to its original filing.

Across 2012–2021, stocks where a CEO, C-suite officer, or director had recently made an open-market common-stock purchase ran about +28 bp per month above the universe average (n=34,268 stock-weeks). A historical tendency, not a prediction.

Congressional disclosures iStock trades disclosed by members of Congress for this company, by the date they were filed.iDisclosures shown as facts. A purchase “cluster” (≥2 members of Congress filing a buy within 90 days) has historically preceded modestly higher forward returns — and it persisted out-of-sample, though it roughly halved after 2021 (see below). A descriptive historical tendency, not a signal to trade and not used in our forecast. See /methodology.

As of 2026-09-25 · point-in-time by filed date

Purchase clusters · 2015–2021 (dev)+45 bp/mo vs baseline · up-rate 59.3% vs 57.3% · n=31,607 cluster ticker-weeks
Purchase clusters · 2022–2026 (out-of-sample)+32 bp/mo vs baseline · up-rate 54.0% vs 53.3% · n=27,793

A cluster = ≥2 members of Congress filing a purchase within 90 days. The historical tilt persisted after 2021 but roughly halved (+45 → +32 bp/mo forward 1-month vs the S&P 500 weekly-grid baseline). Descriptive historical tendency — not a signal to trade, and not used in our forecast (audition-log 2026-07-27, recomputed 2026-09-08).

'23 Q'24 Q'24 Q'24 Q'24 Q'25 Q'25 Q'25 Q'25 Q'26 Q'26 Q'26 Qpurchases ▲ / sales ▼ ($ vol)
MemberChamberTypeFiledTradedSize
Alan ArmstrongSenatepurchase2026-07-212026-03-27$1–15K
Dan NewhouseHousesale2026-07-172026-07-10$1–15K
Ro KhannaHousepurchase2026-07-062026-05-16$1–15K
Ro KhannaHousepurchase2026-06-092026-05-21$15–50K
Josh GottheimerHousepurchase2026-06-032026-05-14$1–15K
Ro KhannaHousepurchase2026-05-112026-04-13$1–15K
Gilbert CisnerosHousepurchase2026-05-082026-04-14$1–15K
Jared MoskowitzHousepurchase2026-04-302026-03-23$1–15K
Jared MoskowitzHousepurchase2026-04-302026-03-31$1–15K
Jared MoskowitzHousepurchase2026-04-302026-03-23$1–15K
Ro KhannaHousepurchase2026-04-072026-03-23$15–50K
Gilbert CisnerosHousepurchase2026-04-072026-03-13$1–15K
Ro KhannaHousepurchase2026-04-072026-03-30$15–50K
Josh GottheimerHousesale2026-03-162026-02-27$1–15K

Research tool, not investment advice — historical frequencies, not recommendations. A product of Marovel Technologies LLC. Full terms.