Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani Sells 1,135 Shares of 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 stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the transaction, the chief accounting officer now owns 47,165 shares of the company’s stock, valued at $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $33.23, for a total transaction of $50,409.91.

Five9 Trading Down 4.6 %

NASDAQ:FIVN opened at $28.24 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $63.79. The stock has a market cap of $2.14 billion, a P/E ratio of -141.19, a P/E/G ratio of 9.41 and a beta of 1.01. The stock has a 50-day simple moving average of $38.42 and a 200-day simple moving average of $35.83.

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). The company had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. As a group, analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Five9

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC grew its holdings in shares of Five9 by 2.4% during the third quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock worth $320,620,000 after purchasing an additional 259,820 shares during the last quarter. Sylebra Capital LLC boosted its position in shares of Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after purchasing an additional 1,396,496 shares during the period. Ameriprise Financial Inc. grew its stake in Five9 by 353.3% during the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock worth $97,356,000 after buying an additional 1,867,137 shares during the last quarter. Norges Bank acquired a new position in Five9 during the fourth quarter worth approximately $81,280,000. Finally, Wellington Management Group LLP increased its position in Five9 by 50.9% during the fourth quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock worth $72,496,000 after buying an additional 601,348 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FIVN. Morgan Stanley lifted their price target on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Barclays upped their price target on Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research note on Thursday. Piper Sandler increased their target price on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Rosenblatt Securities upped their target price on shares of Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Five9 presently has an average rating of “Moderate Buy” and a consensus target price 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.