Five9, Inc. (NASDAQ:FIVN) CEO Sells $448,759.85 in Stock

Five9, Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 12,595 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $35.63, for a total value of $448,759.85. Following the transaction, the chief executive officer now owns 404,056 shares of the company’s stock, valued at $14,396,515.28. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Five9 Trading Up 3.0 %

NASDAQ:FIVN opened at $34.34 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $2.60 billion, a PE ratio of -171.69, a price-to-earnings-growth ratio of 9.41 and a beta of 0.93. The business’s 50-day simple moving average is $39.68 and its 200-day simple moving average is $35.99. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $63.79.

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

Hedge Funds Weigh In On Five9

A number of large investors have recently added to or reduced their stakes in FIVN. PNC Financial Services Group Inc. lifted its holdings in shares of Five9 by 10.5% in the fourth 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 stake in Five9 by 2.0% in 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 in the last quarter. Lindbrook Capital LLC boosted its position in Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after acquiring an additional 520 shares during the last quarter. Xponance Inc. grew its stake in shares of Five9 by 6.1% during the 4th quarter. Xponance Inc. now owns 9,421 shares of the software maker’s stock worth $383,000 after acquiring an additional 539 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake 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 worth $1,325,000 after acquiring an additional 590 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

Analysts Set New Price Targets

FIVN has been the subject of a number of recent analyst reports. Robert W. Baird increased 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. Rosenblatt Securities raised their price objective on shares of Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, February 21st. William Blair reissued an “outperform” rating on shares of Five9 in a report on Friday, February 21st. Barclays boosted their price objective on Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Piper Sandler raised their target price on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.