Insider Selling: F5 Networks General Counsel Sells 827 Shares of Stock (FFIV)
F5 Networks (NASDAQ:FFIV) General Counsel Scot Frazier Rogers unloaded 827 shares of F5 Networks stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $112.42, for a total value of $92,971.34. Following the sale, the general counsel now directly owns 1,936 shares in the company, valued at approximately $217,645. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
F5 Networks (NASDAQ:FFIV) traded down 0.35% on Friday, hitting $112.20. The stock had a trading volume of 1,126,619 shares. F5 Networks has a 52-week low of $78.14 and a 52-week high of $117.77. The stock’s 50-day moving average is $111.2 and its 200-day moving average is $108.5. The company has a market cap of $8.349 billion and a P/E ratio of 29.62.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.35 by $0.04. The company had revenue of $440.30 million for the quarter, compared to the consensus estimate of $435.00 million. During the same quarter last year, the company posted $1.12 earnings per share. F5 Networks’s revenue was up 18.9% compared to the same quarter last year. On average, analysts predict that F5 Networks will post $5.35 earnings per share for the current fiscal year.
FFIV has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of F5 Networks from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $115.90 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of F5 Networks in a research note on Thursday, July 24th. They now have a $112.00 price target on the stock, up previously from $110.00. Finally, analysts at Wunderlich reiterated a “hold” rating on shares of F5 Networks in a research note on Thursday, July 24th. They now have a $118.00 price target on the stock, up previously from $110.00. Fourteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. F5 Networks has a consensus rating of “Buy” and an average target price of $120.49.
F5 Networks, Inc, is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (NASDAQ:FFIV).
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