Insider Selling: F5, Inc. (NASDAQ:FFIV) CEO Sells 1,300 Shares of Stock

Key Points

• F5, Inc. CEO Francois Locoh-Donou sold 1,300 shares of stock at an average price of $308.14, totaling $400,582. Post-transaction, his ownership reduced by 1.17% to 110,153 shares.
• The company's recent quarterly earnings report revealed an EPS of $4.16, exceeding estimates of $3.49, with a revenue of $780.37 million.
• Analyst ratings for F5 stock vary, with the average rating being a "Hold" and a consensus target price of $309.89, despite two analysts raising their price targets recently.

F5, Inc. (NASDAQ:FFIV - Get Free Report) CEO Francois Locoh-Donou sold 1,300 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $308.14, for a total transaction of $400,582.00. Following the transaction, the chief executive officer directly owned 110,153 shares of the company's stock, valued at $33,942,545.42. The trade was a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Francois Locoh-Donou also recently made the following trade(s):

• On Tuesday, July 1st, Francois Locoh-Donou sold 1,300 shares of F5 stock. The stock was sold at an average price of $294.32, for a total transaction of $382,616.00.

F5 Stock Performance

FFIV stock traded up $13.57 during mid-day trading on Monday, hitting $321.00. The company had a trading volume of 813,696 shares, compared to its average volume of 551,747. The stock's fifty day moving average price is $294.53 and its two-hundred day moving average price is $282.67. F5, Inc. has a 12 month low of $184.80 and a 12 month high of $334.00. The firm has a market cap of $18.44 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03.

F5 (NASDAQ:FFIV - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The network technology company reported $4.16 EPS for the quarter, beating the consensus estimate of $3.49 by $0.67. The company had revenue of $780.37 million during the quarter, compared to analysts' expectations of $750.64 million. F5 had a net margin of 22.06% and a return on equity of 21.77%. F5's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.36 earnings per share. Equities analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

FFIV has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Piper Sandler raised their price target on shares of F5 from $304.00 to $355.00 and gave the stock a "neutral" rating in a report on Thursday. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Needham & Company LLC raised their price target on shares of F5 from $320.00 to $345.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Morgan Stanley raised their price target on shares of F5 from $305.00 to $312.00 and gave the stock an "equal weight" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $309.89.

Institutional Investors Weigh In On F5

Several institutional investors have recently added to or reduced their stakes in FFIV. Linscomb Wealth Inc. increased its stake in shares of F5 by 7.4% in the 2nd quarter. Linscomb Wealth Inc. now owns 10,868 shares of the network technology company's stock worth $3,199,000 after acquiring an additional 751 shares in the last quarter. Aljian Capital Management LLC bought a new stake in shares of F5 in the second quarter worth approximately $207,000. Simon Quick Advisors LLC grew its stake in shares of F5 by 38.2% in the second quarter. Simon Quick Advisors LLC now owns 3,605 shares of the network technology company's stock worth $1,061,000 after acquiring an additional 996 shares during the period. Strs Ohio grew its stake in shares of F5 by 11.0% in the second quarter. Strs Ohio now owns 9,400 shares of the network technology company's stock worth $2,767,000 after acquiring an additional 934 shares during the period. Finally, Impact Partnership Wealth LLC purchased a new position in shares of F5 in the second quarter worth approximately $579,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

About F5

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.

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