Insider Selling: Five9, Inc. (NASDAQ:FIVN) EVP Sells 7,619 Shares of Stock

Five9, Inc. (NASDAQ:FIVN) EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total transaction of $320,683.71. Following the completion of the sale, the executive vice president now owns 69,009 shares of the company’s stock, valued at $2,904,588.81. The trade was a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Five9 Stock Up 1.7 %

NASDAQ FIVN traded up $0.71 during trading hours on Friday, hitting $42.48. 945,420 shares of the company traded hands, compared to its average volume of 1,519,590. The business’s 50-day moving average is $33.84 and its 200-day moving average is $37.25. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $85.00. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of -83.54, a P/E/G ratio of 25.02 and a beta of 0.92.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FIVN. Signaturefd LLC boosted its position in Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Five9 in the second quarter valued at approximately $57,000. Quest Partners LLC acquired a new stake in shares of Five9 in the third quarter valued at approximately $95,000. nVerses Capital LLC acquired a new stake in shares of Five9 in the third quarter valued at approximately $141,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Five9 in the third quarter valued at approximately $145,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FIVN. Barclays dropped their target price on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Robert W. Baird boosted their target price on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Northland Securities dropped their target price on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. BTIG Research dropped their target price on shares of Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Roth Mkm dropped their target price on shares of Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Five9 has an average rating of “Moderate Buy” and an average price target of $59.22.

About Five9

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.