Panos Kozanian Sells 7,619 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the transaction, the executive vice president now owns 126,359 shares in the company, valued at approximately $4,220,390.60. This trade represents a 5.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Panos Kozanian also recently made the following trade(s):

• On Wednesday, December 4th, Panos Kozanian sold 7,619 shares of Five9 stock. The stock was sold at an average price of $42.09, for a total value of $320,683.71.

Five9 Stock Performance

FIVN stock traded down $1.13 on Tuesday, reaching $33.35. The company’s stock had a trading volume of 2,895,343 shares, compared to its average volume of 1,645,916. Five9, Inc. has a 52 week low of $26.60 and a 52 week high of $63.79. The company has a market capitalization of $2.53 billion, a P/E ratio of -166.74, a price-to-earnings-growth ratio of 9.41 and a beta of 0.93. The firm has a fifty day moving average of $39.84 and a two-hundred day moving average of $36.00. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The firm had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. As a group, analysts predict that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Five9

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in Five9 by 10.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker’s stock valued at $156,000 after purchasing an additional 365 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Five9 by 2.0% during the 4th quarter. Arizona State Retirement System now owns 21,694 shares of the software maker’s stock valued at $882,000 after acquiring an additional 424 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after acquiring an additional 520 shares during the last quarter. Xponance Inc. lifted its position in shares of Five9 by 6.1% during the 4th quarter. Xponance Inc. now owns 9,421 shares of the software maker’s stock valued at $383,000 after acquiring an additional 539 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Five9 by 1.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker’s stock valued at $1,325,000 after acquiring an additional 590 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on FIVN. Barclays upped their price objective on Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Piper Sandler upped their price objective on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Truist Financial restated a “buy” rating and set a $65.00 price objective on shares of Five9 in a research note on Tuesday, December 17th. Morgan Stanley upped their price objective on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Rosenblatt Securities upped their price objective on Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.65.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.