F5 Inc’s filing revealed that its President, CEO & Director Locoh-Donou Francois unloaded Company’s shares for reported $0.27 million on Apr 03 ’24. In the deal valued at $188.85 per share,1,450 shares were sold. As a result of this transaction, Locoh-Donou Francois now holds 121,801 shares worth roughly $23.35 million.
Then, Pelzer Francis J. sold 500 shares, generating $94,560 in total proceeds. Upon selling the shares at $189.12, the EVP, Chief Financial Officer now owns 31,790 shares.
Before that, HIGGINSON ALAN sold 1,000 shares. F5 Inc shares valued at $190,426 were divested by the Director at a price of $190.43 per share. As a result of the transaction, HIGGINSON ALAN now holds 9,937 shares, worth roughly $1.9 million.
Needham reiterated its F5 Inc [FFIV] rating to a Buy in a research note published on January 30, 2024; the price target was $220. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late October from “a Neutral” to “an Underperform”. Barclays also remained covering FFIV and has decreased its forecast on April 20, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Goldman started covering the stock on March 07, 2023. It rated FFIV as “a Neutral”.
Price Performance Review of FFIV
On Monday, F5 Inc [NASDAQ:FFIV] saw its stock fall -0.38% to $191.69. Over the last five days, the stock has gained 0.97%. F5 Inc shares have risen nearly 7.10% since the year began. Nevertheless, the stocks have risen 30.22% over the past one year. While a 52-week high of $199.49 was reached on 01/30/24, a 52-week low of $127.05 was recorded on 01/05/24. SMA at 50 days reached $187.70, while 200 days put it at $167.73. A total of 0.51 million shares were traded, compared to the trading of 31140.0 shares in the previous session.
Levels Of Support And Resistance For FFIV Stock
The 24-hour chart illustrates a support level at 190.41, which if violated will result in even more drops to 189.12. On the upside, there is a resistance level at 193.78. A further resistance level may holdings at 195.86. The Relative Strength Index (RSI) on the 14-day chart is 55.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.77%. Stochastics %K at 61.16% indicates the stock is a holding.
How much short interest is there in F5 Inc?
A steep rise in short interest was recorded in F5 Inc stocks on Mar 15, 2024, growing by 0.17 million shares to a total of 1.82 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.65 million shares. There was a rise of 9.34%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.54% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.03.
The most recent change occurred on January 24, 2023 when Guggenheim began covering the stock and recommended ‘”a Neutral”‘ rating .
