Five9 Inc (NASDAQ:FIVN) Director Sells $346,458.52 in Stock

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Five9 Inc (NASDAQ:FIVN) Director Michael Burkland sold 6,238 shares of Five9 stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $55.54, for a total value of $346,458.52. Following the completion of the sale, the director now owns 90,116 shares in the company, valued at $5,005,042.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, June 18th, Michael Burkland sold 22,100 shares of Five9 stock. The stock was sold at an average price of $53.68, for a total value of $1,186,328.00.
  • On Thursday, May 16th, Michael Burkland sold 13,600 shares of Five9 stock. The stock was sold at an average price of $49.09, for a total value of $667,624.00.
  • On Wednesday, May 8th, Michael Burkland sold 30,660 shares of Five9 stock. The shares were sold at an average price of $50.35, for a total value of $1,543,731.00.
  • On Friday, May 10th, Michael Burkland sold 300,000 shares of Five9 stock. The shares were sold at an average price of $49.98, for a total value of $14,994,000.00.
  • On Tuesday, April 30th, Michael Burkland sold 3,400 shares of Five9 stock. The shares were sold at an average price of $53.56, for a total value of $182,104.00.
  • On Monday, April 15th, Michael Burkland sold 15,300 shares of Five9 stock. The shares were sold at an average price of $52.02, for a total value of $795,906.00.

Shares of NASDAQ:FIVN opened at $49.37 on Thursday. The company’s fifty day moving average is $50.48. The stock has a market capitalization of $3.13 billion, a PE ratio of 329.13 and a beta of 0.62. Five9 Inc has a 12-month low of $31.64 and a 12-month high of $57.90. The company has a quick ratio of 6.12, a current ratio of 6.12 and a debt-to-equity ratio of 1.37.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. The business had revenue of $74.54 million during the quarter, compared to analysts’ expectations of $70.81 million. Five9 had a positive return on equity of 8.35% and a negative net margin of 0.56%. The firm’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 earnings per share. Sell-side analysts predict that Five9 Inc will post -0.03 EPS for the current fiscal year.

A number of research analysts have recently commented on FIVN shares. Zacks Investment Research cut Five9 from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. BidaskClub cut Five9 from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. KeyCorp restated a “hold” rating on shares of Five9 in a research note on Thursday, May 2nd. Summit Insights upgraded Five9 from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, Northland Securities restated a “buy” rating on shares of Five9 in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Five9 presently has a consensus rating of “Buy” and an average price target of $53.54.

A number of large investors have recently made changes to their positions in the business. Mckinley Capital Management LLC Delaware raised its stake in Five9 by 27.9% during the first quarter. Mckinley Capital Management LLC Delaware now owns 989 shares of the software maker’s stock valued at $52,000 after buying an additional 216 shares during the last quarter. Bank of Montreal Can raised its stake in Five9 by 58.3% during the fourth quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock valued at $49,000 after buying an additional 418 shares during the last quarter. Winslow Evans & Crocker Inc. purchased a new position in Five9 during the first quarter valued at $30,000. Pearl River Capital LLC purchased a new position in Five9 during the first quarter valued at $32,000. Finally, Flinton Capital Management LLC purchased a new position in Five9 during the fourth quarter valued at $30,000.

About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

Read More: What does a hold rating mean?

Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

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