Insider Selling: Five9, Inc. (FIVN) President Sells $133,265.10 in Stock
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.
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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