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SEATTLE, WA—Marianne Budnik, a director at F5, Inc. (NASDAQ:FFIV), a $15.1 billion market cap company with impressive gross profit margins of 80.6%, recently sold shares of the company’s common stock totaling $488,063, according to a recent SEC filing. InvestingPro analysis indicates the company maintains strong financial health with a "GOOD" overall rating. The transactions occurred on March 14, 2025, with Budnik selling 663 shares at a price of $260.2032 each and an additional 1,209 shares at $261 each.
Prior to this sale, Budnik acquired 1,309 shares of common stock on March 12, 2025, through the exercise of restricted stock units. These shares were acquired at no cost, increasing her direct ownership to 3,079 shares before the subsequent sales.
Following the transactions, Budnik’s direct ownership in F5, Inc. stands at 1,207 shares. The transactions were filed under Form 4 with the Securities and Exchange Commission, detailing the insider trading activity.
In other recent news, F5 Networks reported strong financial results for the first quarter of 2024, with earnings per share reaching $3.84, surpassing the forecast of $3.36. The company’s revenue hit $766 million, exceeding the anticipated $715.45 million. This performance was driven by a significant 22% increase in software revenue and an 18% rise in systems revenue. Following these results, Needham raised its price target for F5 Networks to $360, maintaining a Buy rating, while RBC Capital Markets increased its target to $310, retaining a Sector Perform rating. Piper Sandler also adjusted its target to $304, keeping a Neutral rating on the stock. F5 Networks has introduced ADC 3.0 to enhance AI-driven application delivery, supported by partnerships with industry leaders like NVIDIA (NASDAQ:NVDA) and Intel (NASDAQ:INTC). These developments reflect F5’s strategic positioning to leverage trends in hybrid and AI technologies, further bolstered by a positive IT spending environment.
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