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Palo Alto Networks CEO Drops $10M on His Own Stock After Saying AI "Expands the Attack Surface Area"

CEO Nikesh Arora's $10M stock purchase aims to reassure investors amid fears that AI advancements like Anthropic's Claude Mythos could disrupt cybersecurity.

Summary by 247wallst.com
Palo Alto Networks (NASDAQ:PANW) CEO Nikesh Arora made his first open-market share purchase since November 2019 on March 27, 2026, acquiring 68,085 shares worth roughly $10 million. The SEC filing shows two transactions on the same date: 100 shares at $147.48 and 67,985 shares at $146.874. The stock responded immediately, rising 6% on the day, and is up 4.86% on March 30 to $154.16. Palo Alto Networks (PANW) Stock Performance The timing matters…

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Palo Alto shares pop as CEO Nikesh Arora buys stock for first time in years

Cybersecurity stocks have plunged this year on worries that AI will disrupt their business models.

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The Motley Fool broke the news in Alexandria, United States on Monday, March 30, 2026.
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