Five9 (NASDAQ:FIVN) Stock Price Up 3.2%

Five9, Inc. (NASDAQ:FIVN) shares traded up 3.2% on Thursday . The stock traded as high as $196.19 and last traded at $195.25. 19,989 shares were traded during mid-day trading, a decline of 98% from the average session volume of 1,257,856 shares. The stock had previously closed at $189.19.

A number of equities research analysts have recently issued reports on FIVN shares. Needham & Company LLC downgraded shares of Five9 from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America started coverage on Five9 in a research report on Tuesday, April 20th. They issued an “underperform” rating for the company. Piper Sandler lifted their price objective on Five9 from $212.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, April 30th. Colliers Securities lowered shares of Five9 from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, Roth Capital reaffirmed a “hold” rating on shares of Five9 in a report on Friday, May 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $197.06.

The stock has a 50-day moving average of $176.42. The company has a market capitalization of $13.01 billion, a P/E ratio of -266.46 and a beta of 0.50. The company has a current ratio of 6.50, a quick ratio of 6.50 and a debt-to-equity ratio of 5.42.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Thursday, April 29th. The software maker reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.35. Five9 had a negative net margin of 9.84% and a positive return on equity of 0.23%. The business had revenue of $137.88 million during the quarter, compared to analysts’ expectations of $122.55 million. On average, sell-side analysts expect that Five9, Inc. will post -0.41 EPS for the current fiscal year.

In other Five9 news, CEO Rowan M. Trollope sold 6,000 shares of the company’s stock in a transaction on Tuesday, July 6th. The shares were sold at an average price of $191.78, for a total transaction of $1,150,680.00. Following the completion of the transaction, the chief executive officer now directly owns 195,256 shares in the company, valued at $37,446,195.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Barry Zwarenstein sold 12,500 shares of Five9 stock in a transaction dated Monday, May 17th. The shares were sold at an average price of $162.80, for a total transaction of $2,035,000.00. The disclosure for this sale can be found here. Insiders have sold 136,313 shares of company stock worth $22,831,306 over the last three months. 2.50% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. purchased a new position in shares of Five9 during the 2nd quarter worth $219,000. State of Alaska Department of Revenue increased its holdings in Five9 by 104.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 526 shares of the software maker’s stock worth $96,000 after purchasing an additional 269 shares during the period. Melqart Asset Management UK Ltd grew its holdings in Five9 by 98.2% during the 1st quarter. Melqart Asset Management UK Ltd now owns 171,601 shares of the software maker’s stock worth $26,826,000 after acquiring an additional 85,036 shares in the last quarter. Davidson Kempner Capital Management LP raised its holdings in shares of Five9 by 62.3% in the 1st quarter. Davidson Kempner Capital Management LP now owns 228,375 shares of the software maker’s stock valued at $35,665,000 after purchasing an additional 87,651 shares in the last quarter. Finally, Encompass Wealth Advisors LLC acquired a new position in shares of Five9 during the first quarter worth $525,000. Hedge funds and other institutional investors own 97.82% of the company’s stock.

Five9 Company Profile (NASDAQ:FIVN)

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.

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