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Goldman Sachs Sticks to Its Hold Rating for F5, Inc. (FFIV)

Tipranks - Sat May 30, 6:52AM CDT

In a report released today, Mike Ng from Goldman Sachs maintained a Hold rating on F5, Inc., with a price target of $385.00.

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According to TipRanks, Ng is a 5-star analyst with an average return of 13.4% and a 57.57% success rate. Ng covers the Technology sector, focusing on stocks such as Apple, Celestica, and Cisco Systems.

In addition to Goldman Sachs, F5, Inc. also received a Hold from Morgan Stanley’s Meta Marshall in a report issued today. However, on the same day, Piper Sandler maintained a Buy rating on F5, Inc. (NASDAQ: FFIV).

Based on F5, Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $811.7 million and a net profit of $147.76 million. In comparison, last year the company earned a revenue of $731.12 million and had a net profit of $145.53 million

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FFIV in relation to earlier this year. Earlier this month, Francois Locoh-Donou, the Pres, CEO & Dir of FFIV sold 3,743.00 shares for a total of $1,263,106.29.

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