Five9, Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 24,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $24.78, for a total value of $594,720.00. Following the transaction, the chief executive officer now owns 667,501 shares of the company’s stock, valued at $16,540,674.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, November 13th, Michael Burkland sold 600,000 shares of Five9 stock. The stock was sold at an average price of $24.05, for a total value of $14,430,000.00.
  • On Tuesday, September 5th, Michael Burkland sold 12,590 shares of Five9 stock. The stock was sold at an average price of $21.00, for a total value of $264,390.00.

Five9, Inc. (NASDAQ:FIVN) traded down $0.21 during midday trading on Thursday, hitting $24.46. The stock had a trading volume of 317,600 shares, compared to its average volume of 468,981. Five9, Inc. has a 52-week low of $12.58 and a 52-week high of $27.81. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The firm had revenue of $50.08 million during the quarter, compared to the consensus estimate of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. equities analysts anticipate that Five9, Inc. will post -0.18 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. Wolverine Trading LLC boosted its position in shares of Five9 by 4.5% during the second quarter. Wolverine Trading LLC now owns 12,036 shares of the software maker’s stock valued at $254,000 after buying an additional 522 shares during the last quarter. Zacks Investment Management boosted its position in Five9 by 2.7% in the second quarter. Zacks Investment Management now owns 47,057 shares of the software maker’s stock worth $1,013,000 after purchasing an additional 1,244 shares during the last quarter. Virtu KCG Holdings LLC boosted its position in Five9 by 10.7% in the second quarter. Virtu KCG Holdings LLC now owns 15,886 shares of the software maker’s stock worth $342,000 after purchasing an additional 1,536 shares during the last quarter. Federated Investors Inc. PA boosted its position in Five9 by 2.9% in the second quarter. Federated Investors Inc. PA now owns 62,034 shares of the software maker’s stock worth $1,335,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in Five9 by 7.7% in the second quarter. Suntrust Banks Inc. now owns 24,744 shares of the software maker’s stock worth $531,000 after purchasing an additional 1,774 shares during the last quarter. 91.61% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Monday, November 13th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price on shares of Five9 in a report on Friday, November 10th. ValuEngine upgraded Five9 from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Morgan Stanley lifted their target price on Five9 from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Finally, Canaccord Genuity restated a “buy” rating and set a $28.00 price objective on shares of Five9 in a report on Thursday, November 9th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $26.43.

About Five9

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

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