Daniel P. Burkland Sells 5,623 Shares of Five9, Inc. (FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) President Daniel P. Burkland sold 5,623 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $23.70, for a total transaction of $133,265.10. Following the completion of the transaction, the president now directly owns 130,813 shares of the company’s stock, valued at approximately $3,100,268.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Five9, Inc. (NASDAQ:FIVN) traded down $0.12 during trading hours on Tuesday, hitting $22.96. 648,153 shares of the company’s stock were exchanged, compared to its average volume of 470,843. Five9, Inc. has a 52 week low of $12.58 and a 52 week high of $27.81. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.17.

Five9 (NASDAQ:FIVN) last issued its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $50.08 million during the quarter, compared to analyst estimates of $48.20 million. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. equities analysts forecast that Five9, Inc. will post -0.18 EPS for the current fiscal year.

FIVN has been the subject of a number of recent analyst reports. Northland Securities reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Five9 in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Five9 from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Canaccord Genuity raised their price objective on shares of Five9 from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, September 27th. KeyCorp reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Five9 in a research note on Friday, September 22nd. Finally, ValuEngine raised shares of Five9 from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Five9 currently has a consensus rating of “Buy” and a consensus price target of $26.43.

Several large investors have recently modified their holdings of FIVN. Whale Rock Capital Management LLC acquired a new stake in shares of Five9 during the 2nd quarter valued at $21,296,000. Tremblant Capital Group acquired a new stake in shares of Five9 during the 3rd quarter valued at $19,544,000. Vanguard Group Inc. boosted its stake in shares of Five9 by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock valued at $70,972,000 after buying an additional 670,939 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Five9 by 31.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock valued at $36,598,000 after buying an additional 366,166 shares during the period. Finally, State Street Corp boosted its stake in shares of Five9 by 49.3% during the 2nd quarter. State Street Corp now owns 887,639 shares of the software maker’s stock valued at $19,103,000 after buying an additional 293,067 shares during the period. 93.55% of the stock is owned by institutional investors.

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About Five9

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

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