Five9, Inc. (NASDAQ:FIVN) CRO Sells $2,149,301.07 in Stock

Five9, Inc. (NASDAQ:FIVN – Get Rating) CRO Daniel P. Burkland sold 28,623 shares of the company’s stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of $75.09, for a total transaction of $2,149,301.07. Following the transaction, the executive now owns 116,616 shares in the company, valued at $8,756,695.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Five9 Trading Up 3.1 %

Shares of Five9 stock traded up $2.32 during trading hours on Wednesday, reaching $77.51. The company’s stock had a trading volume of 1,832,269 shares, compared to its average volume of 1,167,948. The company’s 50 day simple moving average is $67.04 and its 200 day simple moving average is $78.23. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 2.74. Five9, Inc. has a one year low of $46.61 and a one year high of $138.34.

Five9 (NASDAQ:FIVN – Get Rating) last posted its quarterly earnings results on Monday, November 7th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). Five9 had a negative return on equity of 28.27% and a negative net margin of 11.37%. The business had revenue of $198.34 million during the quarter, compared to the consensus estimate of $196.50 million. Analysts forecast that Five9, Inc. will post -1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FIVN. Credit Suisse Group lowered their target price on shares of Five9 to $70.00 in a research report on Thursday, October 13th. Jefferies Financial Group lowered shares of Five9 from a “buy” rating to a “hold” rating and increased their price target for the company from $55.00 to $65.00 in a research report on Thursday, January 5th. Needham & Company LLC increased their price target on shares of Five9 from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, January 6th. Canaccord Genuity Group lowered their price target on shares of Five9 from $125.00 to $85.00 in a research report on Tuesday, November 8th. Finally, MKM Partners lowered their price target on shares of Five9 from $110.00 to $70.00 in a research report on Tuesday, November 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.27.

Institutional Trading of Five9

Hedge funds have recently bought and sold shares of the company. Voya Investment Management LLC lifted its position in Five9 by 6.1% in the 2nd quarter. Voya Investment Management LLC now owns 180,505 shares of the software maker’s stock valued at $16,452,000 after purchasing an additional 10,302 shares during the last quarter. Woodline Partners LP bought a new stake in Five9 in the 2nd quarter valued at about $9,373,000. Values First Advisors Inc. lifted its position in Five9 by 47.1% in the 2nd quarter. Values First Advisors Inc. now owns 10,105 shares of the software maker’s stock valued at $921,000 after purchasing an additional 3,237 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its position in Five9 by 46.1% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 29,978 shares of the software maker’s stock valued at $2,732,000 after purchasing an additional 9,461 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Five9 by 9.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 411,233 shares of the software maker’s stock valued at $37,480,000 after purchasing an additional 36,988 shares during the last quarter.

Five9 Company Profile

(Get Rating)

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.