Five9, Inc. (NASDAQ:FIVN) CEO Michael Burkland Sells 12,595 Shares

Five9, Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 12,595 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $35.63, for a total value of $448,759.85. Following the sale, the chief executive officer now directly owns 404,056 shares of the company’s stock, valued at approximately $14,396,515.28. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Five9 Stock Up 3.0 %

Shares of Five9 stock opened at $34.34 on Thursday. The stock has a 50-day simple moving average of $39.68 and a 200-day simple moving average of $35.99. Five9, Inc. has a 52-week low of $26.60 and a 52-week high of $63.79. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of -171.69, a P/E/G ratio of 9.41 and a beta of 0.93. 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 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. On average, equities research analysts expect that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five9

Several institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC raised its holdings in Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after acquiring an additional 520 shares during the period. Banque Transatlantique SA bought a new stake in shares of Five9 in the fourth quarter valued at about $36,000. Johnson Financial Group Inc. acquired a new stake in Five9 during the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC increased its stake in Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after acquiring an additional 1,315 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in 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 acquiring an additional 2,571 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on FIVN shares. Piper Sandler upped their price objective on shares of Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. William Blair restated an “outperform” rating on shares of Five9 in a report on Friday, February 21st. DA Davidson raised their price objective on shares of Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Robert W. Baird increased their target price on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Cantor Fitzgerald raised their target price on Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.65.

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.