Insider Selling: F5, Inc. (NASDAQ:FFIV) CFO Sells $89,405.00 in Stock

F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $178.81, for a total transaction of $89,405.00. Following the sale, the chief financial officer now owns 31,290 shares of the company’s stock, valued at $5,594,964.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

F5 Stock Up 0.0 %

FFIV stock opened at $181.94 on Friday. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.68 and a beta of 1.11. F5, Inc. has a 52-week low of $129.93 and a 52-week high of $199.49. The business has a fifty day moving average of $187.66 and a two-hundred day moving average of $176.26.

F5 (NASDAQ:FFIV) last released its quarterly earnings results on Monday, January 29th. The network technology company reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.39. F5 had a net margin of 16.43% and a return on equity of 20.81%. The business had revenue of $693.00 million for the quarter, compared to the consensus estimate of $684.77 million. During the same period in the previous year, the firm earned $1.65 EPS. The business’s revenue was down 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate that F5, Inc. will post 9.59 EPS for the current year.

Wall Street Analysts Forecast Growth

FFIV has been the subject of several recent research reports. Piper Sandler boosted their price target on F5 from $170.00 to $187.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Barclays boosted their price target on shares of F5 from $163.00 to $206.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. The Goldman Sachs Group raised their price target on F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price target on shares of F5 in a research note on Tuesday, February 13th. Finally, KeyCorp boosted their price objective on shares of F5 from $186.00 to $204.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, F5 currently has a consensus rating of “Hold” and an average price target of $192.22.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FFIV. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of F5 in the 4th quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. purchased a new position in F5 in the fourth quarter valued at approximately $34,000. Washington Trust Advisors Inc. acquired a new stake in F5 during the fourth quarter worth approximately $36,000. Register Financial Advisors LLC purchased a new stake in shares of F5 during the 1st quarter worth approximately $38,000. Finally, Addison Advisors LLC boosted its holdings in shares of F5 by 36.1% in the 3rd quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock valued at $45,000 after buying an additional 74 shares in the last quarter. 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.