Five9 Inc (FIVN) President Daniel P. Burkland Sells 10,000 Shares

Five9 Inc (NASDAQ:FIVN) President Daniel P. Burkland sold 10,000 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $24.32, for a total transaction of $243,200.00. Following the transaction, the president now owns 178,291 shares of the company’s stock, valued at $4,336,037.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Five9 Inc (FIVN) traded up $1.06 during trading on Tuesday, hitting $25.64. 447,967 shares of the stock were exchanged, compared to its average volume of 397,167. Five9 Inc has a one year low of $15.27 and a one year high of $27.81. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a market cap of $1,430.00, a P/E ratio of -170.93 and a beta of 0.27.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. The company had revenue of $50.08 million during the quarter, compared to the consensus estimate of $48.20 million. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. Five9’s quarterly revenue was up 22.2% on a year-over-year basis. analysts expect that Five9 Inc will post -0.18 earnings per share for the current year.

A number of equities analysts have recently commented on the stock. Morgan Stanley increased their price objective on shares of Five9 from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. Canaccord Genuity restated a “buy” rating and set a $28.00 price objective on shares of Five9 in a research note on Thursday, November 9th. KeyCorp restated an “overweight” rating and set a $29.00 price objective (up from $27.00) on shares of Five9 in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Monday, November 13th. Finally, Needham & Company LLC restated a “buy” rating and set a $30.00 price objective on shares of Five9 in a research note on Friday, November 10th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $26.50.

Several hedge funds have recently modified their holdings of the company. Wolverine Trading LLC raised its holdings in shares of Five9 by 4.5% in the 2nd quarter. Wolverine Trading LLC now owns 12,036 shares of the software maker’s stock valued at $254,000 after purchasing an additional 522 shares during the period. Zacks Investment Management raised its holdings in shares of Five9 by 2.7% in the 2nd quarter. Zacks Investment Management now owns 47,057 shares of the software maker’s stock valued at $1,013,000 after purchasing an additional 1,244 shares during the period. Virtu KCG Holdings LLC raised its holdings in shares of Five9 by 10.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 15,886 shares of the software maker’s stock valued at $342,000 after purchasing an additional 1,536 shares during the period. Suntrust Banks Inc. raised its holdings in shares of Five9 by 7.7% in the 2nd quarter. Suntrust Banks Inc. now owns 24,744 shares of the software maker’s stock valued at $531,000 after purchasing an additional 1,774 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Five9 by 4.7% in the 2nd quarter. California Public Employees Retirement System now owns 39,700 shares of the software maker’s stock valued at $854,000 after purchasing an additional 1,800 shares during the period. 93.37% of the stock is currently 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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