Insider Selling: Five9, Inc. (FIVN) CEO Sells 600,000 Shares of Stock
Five9, Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 600,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $24.05, for a total transaction of $14,430,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,194,161 shares of the company’s stock, valued at $28,719,572.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Michael Burkland also recently made the following trade(s):
- 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 transaction of $264,390.00.
Five9, Inc. (NASDAQ FIVN) traded up $0.05 on Tuesday, hitting $25.37. The stock had a trading volume of 380,600 shares, compared to its average volume of 472,621. Five9, Inc. has a 12 month low of $12.58 and a 12 month high of $27.81. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.17.
Five9 (NASDAQ:FIVN) last posted its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The company had revenue of $50.08 million during the quarter, compared to the consensus estimate of $48.20 million. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. sell-side analysts predict that Five9, Inc. will post -0.19 EPS for the current year.
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A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of Five9 in a research report on Friday. ValuEngine raised shares of Five9 from a “hold” rating to a “buy” rating in a research report on Friday. Morgan Stanley lifted their price objective on shares of Five9 from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $28.00 price objective on shares of Five9 in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $24.75.
Several institutional investors and hedge funds have recently bought and sold shares of FIVN. Wolverine Trading LLC raised its stake in Five9 by 4.5% in the second quarter. Wolverine Trading LLC now owns 12,036 shares of the software maker’s stock valued at $254,000 after purchasing an additional 522 shares in the last quarter. Zacks Investment Management raised its stake in Five9 by 2.7% in the second quarter. Zacks Investment Management now owns 47,057 shares of the software maker’s stock valued at $1,013,000 after purchasing an additional 1,244 shares in the last quarter. American International Group Inc. raised its stake in Five9 by 7.1% in the first quarter. American International Group Inc. now owns 20,344 shares of the software maker’s stock valued at $335,000 after purchasing an additional 1,349 shares in the last quarter. Virtu KCG Holdings LLC raised its stake in Five9 by 10.7% in the second quarter. Virtu KCG Holdings LLC now owns 15,886 shares of the software maker’s stock valued at $342,000 after purchasing an additional 1,536 shares in the last quarter. Finally, Federated Investors Inc. PA raised its stake in Five9 by 2.9% in the second quarter. Federated Investors Inc. PA now owns 62,034 shares of the software maker’s stock valued at $1,335,000 after purchasing an additional 1,750 shares in the last quarter. 91.67% of the stock is owned by institutional investors.
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).
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