Five9, Inc. (NASDAQ:FIVN) CAO Sells $34,277.00 in Stock

Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani sold 1,135 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total value of $34,277.00. Following the sale, the chief accounting officer now owns 47,165 shares of the company’s stock, valued at approximately $1,424,383. The trade was a 2.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Leena Mansharamani also recently made the following trade(s):

• On Tuesday, March 4th, Leena Mansharamani sold 1,517 shares of Five9 stock. The stock was sold at an average price of $33.23, for a total value of $50,409.91.

Five9 Trading Down 4.6 %

Shares of FIVN stock traded down $1.35 on Thursday, reaching $28.24. 2,263,046 shares of the stock were exchanged, compared to its average volume of 1,666,936. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9, Inc. has a one year low of $26.60 and a one year high of $63.79. The stock has a market cap of $2.14 billion, a PE ratio of -141.19, a P/E/G ratio of 9.41 and a beta of 1.01. The stock has a 50 day moving average price of $38.67 and a 200 day moving average price of $35.88.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The business had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Equities research analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FIVN shares. Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 target price on shares of Five9 in a research report on Friday, February 21st. Barclays upped their price objective on shares of Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Rosenblatt Securities lifted their target price on Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Cantor Fitzgerald boosted their price target on Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Piper Sandler raised their price objective on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Five9 currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.65.

Hedge Funds Weigh In On Five9

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC raised its position in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after acquiring an additional 520 shares during the period. Banque Transatlantique SA acquired a new stake in Five9 in the fourth quarter worth $36,000. Johnson Financial Group Inc. bought a new position in shares of Five9 during the fourth quarter worth $47,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after buying an additional 1,315 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of Five9 by 3,955.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock valued at $107,000 after buying an additional 2,571 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a 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.