Five9 Inc (NASDAQ:FIVN) President Daniel P. Burkland sold 10,222 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $42.51, for a total transaction of $434,537.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

FIVN stock traded down $0.88 during trading on Friday, reaching $40.44. The company had a trading volume of 9,546 shares, compared to its average volume of 490,695. Five9 Inc has a 52 week low of $22.51 and a 52 week high of $49.50. The company has a market cap of $2.37 billion, a P/E ratio of -238.47, a PEG ratio of 104.21 and a beta of 0.60. The company has a debt-to-equity ratio of 1.56, a current ratio of 6.95 and a quick ratio of 6.95.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Tuesday, November 6th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.09. Five9 had a negative net margin of 1.90% and a positive return on equity of 0.88%. The company had revenue of $65.30 million during the quarter, compared to the consensus estimate of $61.70 million. During the same period in the prior year, the firm earned $0.04 earnings per share. Five9’s revenue was up 30.3% on a year-over-year basis. On average, equities research analysts expect that Five9 Inc will post 0.04 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. EULAV Asset Management purchased a new stake in shares of Five9 during the third quarter valued at approximately $1,197,000. Raymond James & Associates purchased a new stake in shares of Five9 during the second quarter valued at approximately $335,000. Engineers Gate Manager LP purchased a new stake in shares of Five9 during the third quarter valued at approximately $3,963,000. Verition Fund Management LLC purchased a new stake in shares of Five9 during the second quarter valued at approximately $423,000. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Five9 by 6.9% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 55,625 shares of the software maker’s stock valued at $2,430,000 after buying an additional 3,570 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Several equities analysts have recently commented on FIVN shares. Dougherty & Co started coverage on shares of Five9 in a research note on Tuesday, October 16th. They set a “hold” rating for the company. BidaskClub raised shares of Five9 from a “hold” rating to a “buy” rating in a research note on Wednesday, November 28th. Bank of America upped their price objective on shares of Five9 from $25.00 to $28.00 and gave the company an “underperform” rating in a research note on Wednesday, November 7th. Zacks Investment Research downgraded shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Finally, Roth Capital increased their price target on shares of Five9 from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Five9 currently has an average rating of “Buy” and an average target price of $40.92.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/five9-inc-fivn-president-daniel-p-burkland-sells-10222-shares-of-stock/2667718.html.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

Featured Article: Bear Market

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

Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.