Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani Sells 1,346 Shares

Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani sold 1,346 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the completion of the sale, the chief accounting officer now owns 35,526 shares of the company’s stock, valued at $1,468,289.58. This represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Five9 Stock Performance

NASDAQ:FIVN opened at $42.48 on Friday. The stock has a 50-day moving average price of $34.11 and a 200 day moving average price of $37.07. The stock has a market capitalization of $3.19 billion, a P/E ratio of -84.96, a P/E/G ratio of 25.63 and a beta of 0.92. Five9, Inc. has a 12-month low of $26.60 and a 12-month high of $85.00. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

Institutional Investors Weigh In On Five9

Institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in shares of Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after buying an additional 984 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Five9 in the 2nd quarter valued at $57,000. Quest Partners LLC purchased a new stake in Five9 in the 3rd quarter worth $95,000. nVerses Capital LLC bought a new position in shares of Five9 during the 3rd quarter valued at about $141,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Five9 during the third quarter valued at about $145,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FIVN shares. Robert W. Baird lifted their target price on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Truist Financial reiterated a “buy” rating and set a $65.00 price objective on shares of Five9 in a research report on Tuesday, August 27th. Needham & Company LLC reissued a “buy” rating and issued a $48.00 target price on shares of Five9 in a research report on Friday, November 8th. Morgan Stanley reduced their price target on shares of Five9 from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Finally, Rosenblatt Securities raised their price objective on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Six 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 has an average rating of “Moderate Buy” and a consensus target price of $59.22.

About Five9

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.