Five9 Inc (NASDAQ:FIVN) CMO Sells $320,840.64 in Stock

Five9 Inc (NASDAQ:FIVN) CMO Ryan Kam sold 4,848 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $66.18, for a total value of $320,840.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ryan Kam also recently made the following trade(s):

  • On Wednesday, December 4th, Ryan Kam sold 3,007 shares of Five9 stock. The shares were sold at an average price of $67.33, for a total value of $202,461.31.
  • On Friday, November 15th, Ryan Kam sold 18,094 shares of Five9 stock. The shares were sold at an average price of $64.29, for a total value of $1,163,263.26.

Shares of FIVN stock opened at $65.37 on Thursday. The stock’s 50-day simple moving average is $62.30 and its 200-day simple moving average is $56.69. The company has a debt-to-equity ratio of 1.19, a quick ratio of 6.09 and a current ratio of 6.09. The firm has a market capitalization of $4.04 billion, a PE ratio of 347.95, a P/E/G ratio of 62.96 and a beta of 0.73. Five9 Inc has a fifty-two week low of $38.61 and a fifty-two week high of $69.86.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The business had revenue of $83.77 million for the quarter, compared to analyst estimates of $78.69 million. Five9 had a positive return on equity of 7.91% and a negative net margin of 0.54%. The company’s revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 earnings per share. Sell-side analysts forecast that Five9 Inc will post 0.11 earnings per share for the current year.

A number of research firms have commented on FIVN. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price target on shares of Five9 in a research note on Friday, November 22nd. ValuEngine cut Five9 from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Craig Hallum reiterated a “buy” rating and issued a $72.00 price target (up from $68.00) on shares of Five9 in a research note on Wednesday, November 6th. Roth Capital increased their price target on Five9 from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley lowered Five9 from an “overweight” rating to an “equal” rating and set a $58.00 price objective on the stock. in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $65.23.

Several hedge funds have recently made changes to their positions in FIVN. Millennium Management LLC increased its holdings in shares of Five9 by 126.4% in the third quarter. Millennium Management LLC now owns 268,441 shares of the software maker’s stock valued at $14,426,000 after purchasing an additional 1,287,141 shares during the period. Nuveen Asset Management LLC acquired a new stake in Five9 during the second quarter worth about $44,653,000. First Trust Advisors LP grew its holdings in Five9 by 435.6% during the second quarter. First Trust Advisors LP now owns 438,698 shares of the software maker’s stock worth $22,501,000 after acquiring an additional 356,792 shares during the period. Voya Investment Management LLC grew its holdings in Five9 by 49.2% during the third quarter. Voya Investment Management LLC now owns 1,009,543 shares of the software maker’s stock worth $54,253,000 after acquiring an additional 332,721 shares during the period. Finally, Eventide Asset Management LLC grew its holdings in Five9 by 25.0% during the third quarter. Eventide Asset Management LLC now owns 1,250,000 shares of the software maker’s stock worth $67,175,000 after acquiring an additional 250,000 shares during the period.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

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