Insider Selling: Five9, Inc. (NASDAQ:FIVN) CEO Sells 12,595 Shares of Stock

Five9, Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 12,595 shares of Five9 stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $30.27, for a total transaction of $381,250.65. Following the completion of the transaction, the chief executive officer now directly owns 253,488 shares in the company, valued at $7,673,081.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Five9 Trading Down 3.3 %

Five9 stock traded down $0.97 during trading hours on Friday, reaching $28.61. 2,156,004 shares of the company’s stock traded hands, compared to its average volume of 1,432,475. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. Five9, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $92.40. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -35.06 and a beta of 0.82. The firm’s 50 day moving average is $39.02 and its 200-day moving average is $49.53.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. The business had revenue of $252.09 million for the quarter, compared to the consensus estimate of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. On average, analysts predict that Five9, Inc. will post -0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FIVN has been the topic of a number of research analyst reports. BTIG Research lowered their price objective on shares of Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Truist Financial reissued a “buy” rating and issued a $65.00 target price on shares of Five9 in a research report on Tuesday, August 27th. Needham & Company LLC restated a “buy” rating and issued a $48.00 price objective on shares of Five9 in a research note on Wednesday, August 21st. Barclays cut their target price on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, Robert W. Baird cut shares of Five9 from an “outperform” rating to a “neutral” rating and cut their target price for the company from $90.00 to $40.00 in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.35.

Institutional Trading of Five9

Hedge funds have recently modified their holdings of the company. Nordea Investment Management AB acquired a new stake in shares of Five9 in the 1st quarter valued at approximately $3,239,000. International Assets Investment Management LLC acquired a new stake in Five9 during the 4th quarter worth approximately $1,684,000. Alberta Investment Management Corp acquired a new stake in Five9 during the 4th quarter worth approximately $2,254,000. Neo Ivy Capital Management acquired a new stake in Five9 during the 2nd quarter worth approximately $2,177,000. Finally, Trexquant Investment LP acquired a new stake in Five9 during the 4th quarter worth approximately $1,364,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a 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.