Michael Montoya, F5 CTO, sells $1.8m in stock

F5 CTO Michael Montoya sold $1.8 million worth of company stock on September 14, 2026. The shares were exchanged at prices between $406.24 and $414.18 per share. At present, F5 stock is trading close to its 52-week peak of $435, with a current price of $430.88. Over the past six months, the stock has increased by 49%, and it has risen by 69% year-to-date, according to InvestingPro data.

However, market analysis suggests the stock may be overvalued compared to its intrinsic value, and a Pro Research Report along with 10 ProTips is available for investors interested in a deeper understanding of F5’s $24.4 billion market valuation. The sales were made pursuant to a Rule 10b5-1 trading plan, approved on June 15, 2026.

In total, Montoya traded 2,831 shares, with the stock prices received ranging from $406.24 to $414.18. After completing these transactions, Montoya held 1,309 shares of F5 stock. Meanwhile, F5 Networks reported robust third-quarter fiscal 2026 results, outperforming analysts' expectations with adjusted earnings of $4.73 per share and revenue of $865 million.

This success prompted the company to revise its full-year guidance. Analysts from RBC Capital and Piper Sandler have raised their price targets to $508 and $461, respectively, while maintaining positive ratings. RBC Capital attributes F5’s growth to multi-cloud adoption and enterprise AI, while Piper Sandler attributes the company’s success to hybrid multi-cloud demand.

However, Needham has maintained a Hold rating, citing the company’s rapid growth in Systems and its strategic refresh cycle. BofA Securities has also retained an Underperform rating, expressing caution despite strong performance in Systems and software meeting expectations.