Five9, Inc. (NASDAQ:FIVN) CEO Sells $154,833.00 in Stock

Five9, Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 5,475 shares of the company’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total transaction of $154,833.00. Following the transaction, the chief executive officer now directly owns 385,987 shares of the company’s stock, valued at approximately $10,915,712.36. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Michael Burkland also recently made the following trade(s):

• On Tuesday, June 3rd, Michael Burkland sold 12,594 shares of Five9 stock. The stock was sold at an average price of $27.17, for a total value of $342,178.98.

Five9 Stock Performance

Shares of FIVN opened at $29.15 on Friday. The business’s fifty day simple moving average is $25.42 and its two-hundred day simple moving average is $33.82. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 12 month low of $21.04 and a 12 month high of $49.90. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -145.74, a P/E/G ratio of 9.41 and a beta of 1.20.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $279.71 million for the quarter, compared to the consensus estimate of $272.26 million. During the same period last year, the business posted $0.48 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. Research analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FIVN shares. Jefferies Financial Group decreased their target price on Five9 from $45.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, April 28th. Royal Bank of Canada increased their target price on Five9 from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. KeyCorp started coverage on Five9 in a research report on Friday. They issued an “overweight” rating and a $35.00 target price for the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Five9 in a research report on Wednesday, April 2nd. Finally, Morgan Stanley decreased their target price on Five9 from $48.00 to $28.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.15.

Institutional Trading of Five9

Institutional investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP purchased a new stake in Five9 during the 4th quarter valued at $287,000. Royal Bank of Canada lifted its holdings in shares of Five9 by 6.0% during the 4th quarter. Royal Bank of Canada now owns 369,001 shares of the software maker’s stock valued at $14,997,000 after buying an additional 20,775 shares during the period. Barclays PLC lifted its holdings in shares of Five9 by 215.8% during the 3rd quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock valued at $6,956,000 after buying an additional 165,487 shares during the period. Principal Financial Group Inc. bought a new position in shares of Five9 during the 4th quarter valued at $268,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Five9 by 7,305.6% during 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. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

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.