Loading
Fortinet, Inc. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 06 Jun 2025.
Fortinet, Inc.: what insiders have been doing
Every trade that managers of Fortinet, Inc. disclose to SEC (Form 4) is tracked on this page. The company sits in the Technology sector and is based in Sunnyvale, United States. It was founded in 2000. Its latest reported headcount is 15,109 employees (2025). 15 insiders have disclosed 77 filings since 18 October 2025.
All open-market trades in the period are sales: 17 sales worth €31.5M, by 4 insiders, with no purchase on record. One trade stands out by size: a sale of €9.6M from Xie Ken, disclosed on 4 August 2026, or 0.0083% of market capitalisation.
The median gap between a trade and its publication by SEC (Form 4) is 2 days. Section 16 rules allow two business days to file each Form 4. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify.
Across the 5,811 companies tracked on its exchange, the median is 19 filings; at 77 filings, this issuer sits above that mark. The full history, which starts in 2016, counts 9 purchases against 48 sales. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 6.80 bn USD and net income at 1.85 bn USD.
Other companies in the same sector with recent insider buying flagged by our signals: Core Scientific, Inc./tx and Gitlab Inc. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
411
Thresholds
n/a
Buy Volume
€282,647
9 ops. · all time
Sell Volume
€43M
48 ops. · all time
Who traded when
BuySaleKen Xie6 sales
Christiane Ohlgart5 sales
Michael Xie5 sales
John Whittle3 sales
Neukom William H.3 buys
Jensen Keith2 sales
+1 other insider
Since the insiders bought
- +40.1%Entry US$102.08 · Close at T+365 US$143.04
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Fortinet, Inc. Hold (neutral), based on 37 analysts. Average price target: US$167.23.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 7,806 of 24,148 companies
60.3
score / 100
Value30
Quality91
FCF yld1.7%
Earn yld1.4%
EV/EBITDA54.8x
ROE117%
Gross mgn80%
Net mgn27%
Debt/EBITDA0.4x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$181.91
Analyst consensus
37 analystsHold
US$104.00Target US$167.23(-8%)US$225.00
Income statement
RevenueUS$6.8B
Gross profitUS$5.5B80% margin
EBITDAUS$2.5B36% margin
Net incomeUS$1.9B28.2% margin
Valuation
PER (trailing)66.6x
PER (forward)48.2x
P/Book86.1x
Beta1.04
Balance sheet & cash
Market capUS$133.5B
Total debtUS$996.3M
Free Cash FlowUS$2.2B
Debt / Equity36%
Profitability & ownership
ROE117.4%
ROA14.2%
% insiders17.4%
% institutions71.4%
Last declaration on 1 October 2026
Declarations411 total
459 shares0Common StockSEC:0001302110-26-000034:0
459 shares0Common StockSEC:0001646293-26-000008:0
459 shares0Common StockSEC:0001661859-26-000008:0
459 shares0Common StockSEC:0001218470-26-000020:0
459 shares0Common StockSEC:0001452385-26-000010:0
459 shares0Common StockSEC:0001899894-26-000006:0
459 shares0Common StockSEC:0001821008-26-000008:0
48 shares@ US$180.000.0000% mcap2.2% of flowCommon StockSEC:0002016813-26-000020:0
48 shares@ US$178.740.0000% mcap12.1% of flowCommonSEC144:0001950047-26-009800
53,865 shares@ US$62.110.0025% mcap21.0% of flowCommon StockSEC:0001476336-26-000014:0
52,707 shares@ US$165.42740.0065% mcap54.9% of flowCommon StockSEC:0001476336-26-000014:1
1,158 shares@ US$166.01750.0001% mcap1.2% of flowCommon StockSEC:0001476336-26-000014:2
2,835 shares@ US$62.110.0001% mcap1.1% of flowCommon StockSEC:0001476336-26-000014:3
2,835 shares@ US$168.740.0004% mcap3.0% of flowCommon StockSEC:0001476336-26-000014:4
56,700 shares@ US$156.070.0066% mcap100.0% of flowCommonSEC144:0001950047-26-009432
387 shares@ US$163.210.0000% mcap87.9% of flowCommonSEC144:0001950047-26-007624
2,764 shares0Common StockSEC:0001475586-26-000018:0
2,242 shares0Common StockSEC:0001475586-26-000018:1
1,300 shares0Common StockSEC:0001475586-26-000018:2
1,608 shares0Common StockSEC:0001476336-26-000012:0
1,827 shares0Common StockSEC:0001476336-26-000012:1
25 of 411 declarations
About Fortinet, Inc.
Fortinet, Inc. (ticker: FTNT) is a leading U.S. cybersecurity company listed on the NASDAQ in the United States. Founded in 2000 in the San Francisco Bay Area, the company is headquartered in Sunnyvale, California, and has built its franchise around the convergence of networking and security. Its core strategy is to deliver “secure networking” for hybrid, multi-cloud, and distributed enterprise environments, helping customers protect digital infrastructure while simplifying security operations.
Fortinet’s business model is centered on an integrated platform, the Fortinet Security Fabric, powered by its FortiOS operating system and a broad portfolio of proprietary hardware and software. The company sells next-generation firewalls, SD-WAN, SASE, Zero Trust Network Access (ZTNA), endpoint security, cloud security, Wi-Fi, LAN edge, and threat detection/response tools. This platform approach is a key differentiator: rather than offering disconnected point solutions, Fortinet tries to unify networking and security within a single architecture.
Read moreShow less
From a competitive standpoint, Fortinet is widely regarded as one of the strongest players in network security and one of the global leaders in firewalls. Its market position benefits from a sizable installed base, an emphasis on performance-per-dollar, and sustained product innovation supported by meaningful R&D investment. The company also highlights a large customer base and an extensive patent portfolio, which support both customer trust and competitive defensibility.
Recent developments have reinforced Fortinet’s strategic relevance. In 2025, the company continued to emphasize demand for cybersecurity, expansion of its partner ecosystem, and momentum in AI-related security, SASE, and enterprise networking use cases. Its 2025 annual reporting also pointed to product revenue growth and higher deferred revenue, both of which are typically viewed as constructive indicators for future visibility. For investors, FTNT represents a U.S. technology name exposed to durable structural trends such as cloud migration, zero-trust adoption, network modernization, and the increasing need for automated cyber defense.
Recent ranked signals in the same sector
Purchases our model currently ranks for the recommendations list.
All recommendations
