Five9, Inc. (NASDAQ:FIVN) President Daniel P. Burkland sold 5,623 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $23.70, for a total value of $133,265.10. Following the completion of the sale, the president now directly owns 130,813 shares of the company’s stock, valued at approximately $3,100,268.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Five9, Inc. (FIVN) opened at $23.55 on Friday. 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, Inc. has a 52-week low of $12.58 and a 52-week high of $27.81.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIVN. AXA raised its position in shares of Five9 by 12.7% in the 2nd quarter. AXA now owns 248,293 shares of the software maker’s stock worth $5,344,000 after acquiring an additional 28,000 shares in the last quarter. Aperio Group LLC bought a new position in shares of Five9 in the 2nd quarter worth approximately $765,000. Wasatch Advisors Inc. bought a new position in shares of Five9 in the 2nd quarter worth approximately $3,159,000. Swiss National Bank raised its position in shares of Five9 by 9.0% in the 2nd quarter. Swiss National Bank now owns 70,600 shares of the software maker’s stock worth $1,519,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Mutual of America Capital Management LLC bought a new position in shares of Five9 in the 3rd quarter worth approximately $2,813,000. 93.55% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on FIVN shares. Zacks Investment Research lowered Five9 from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Northland Securities reissued a “buy” rating and issued a $25.00 target price on shares of Five9 in a research note on Friday, September 1st. KeyCorp reissued a “buy” rating and issued a $27.00 target price on shares of Five9 in a research note on Friday, September 22nd. Canaccord Genuity upped their price target on Five9 from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, September 27th. Finally, Morgan Stanley upped their price target on Five9 from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $26.43.

ILLEGAL ACTIVITY WARNING: “Insider Selling: Five9, Inc. (FIVN) President Sells $133,265.10 in Stock” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://www.watchlistnews.com/insider-selling-five9-inc-fivn-president-sells-133265-10-in-stock/1751506.html.

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)

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