Five9, Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 12,484 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $21.00, for a total transaction of $262,164.00. Following the completion of the sale, the chief executive officer now directly owns 976,091 shares in the company, valued at $20,497,911. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Monday, May 15th, Michael Burkland sold 24,000 shares of Five9 stock. The shares were sold at an average price of $21.86, for a total transaction of $524,640.00.

Five9, Inc. (NASDAQ:FIVN) traded down 6.31% during midday trading on Thursday, reaching $20.50. 548,267 shares of the company traded hands. The company has a 50 day moving average of $21.95 and a 200-day moving average of $19.39. Five9, Inc. has a 12-month low of $12.58 and a 12-month high of $24.80. The stock’s market capitalization is $1.13 billion.

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FIVN has been the topic of several research reports. Zacks Investment Research cut shares of Five9 from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 price objective (up from $18.00) on shares of Five9 in a research report on Thursday, July 20th. Northland Securities set a $25.00 price objective on shares of Five9 and gave the company a “buy” rating in a research report on Wednesday, July 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $26.00 price objective (up from $21.00) on shares of Five9 in a research report on Wednesday. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Five9 in a research report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.29.

A number of large investors have recently bought and sold shares of the company. State Street Corp boosted its stake in Five9 by 0.7% in the fourth quarter. State Street Corp now owns 565,302 shares of the software maker’s stock worth $8,020,000 after buying an additional 4,208 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Five9 by 6.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 24,172 shares of the software maker’s stock worth $343,000 after buying an additional 1,488 shares during the last quarter. Teachers Advisors LLC boosted its stake in Five9 by 107.2% in the fourth quarter. Teachers Advisors LLC now owns 162,982 shares of the software maker’s stock worth $2,313,000 after buying an additional 84,304 shares during the last quarter. Fox Run Management L.L.C. boosted its stake in Five9 by 87.9% in the first quarter. Fox Run Management L.L.C. now owns 26,300 shares of the software maker’s stock worth $433,000 after buying an additional 12,300 shares during the last quarter. Finally, Granite Investment Partners LLC bought a new stake in Five9 during the first quarter worth approximately $10,710,000. Institutional investors and hedge funds own 92.81% of the company’s stock.

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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