Five9, Inc. (NASDAQ:FIVN) CFO Sells $50,847.44 in Stock

Five9, Inc. (NASDAQ:FIVN - Get Free Report) CFO Bryan M. Lee sold 1,798 shares of Five9 stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total value of $50,847.44. Following the completion of the transaction, the chief financial officer now owns 126,468 shares of the company's stock, valued at approximately $3,576,515.04. The trade was a 1.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Five9 Stock Up 1.4%

Shares of FIVN stock traded up $0.41 on Monday, hitting $29.56. 1,849,885 shares of the stock were exchanged, compared to its average volume of 1,695,499. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $2.25 billion, a P/E ratio of -147.79, a price-to-earnings-growth ratio of 9.41 and a beta of 1.20. The business has a 50-day moving average of $25.42 and a 200 day moving average of $33.76. Five9, Inc. has a fifty-two week low of $21.04 and a fifty-two week high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.14. The company had revenue of $279.71 million during the quarter, compared to analysts' expectations of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. Five9's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. Equities analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FIVN. KeyCorp began coverage on Five9 in a research report on Friday. They set an "overweight" rating and a $35.00 target price for the company. Jefferies Financial Group dropped their price objective on Five9 from $45.00 to $28.00 and set a "hold" rating for the company in a report on Monday, April 28th. Royal Bank of Canada upped their price objective on Five9 from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Cantor Fitzgerald reiterated an "overweight" rating on shares of Five9 in a report on Wednesday, April 2nd. Finally, Needham & Company LLC dropped their price objective on Five9 from $52.00 to $40.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.15.

Institutional Trading of Five9

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC raised its stake in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after buying an additional 520 shares during the period. Banque Transatlantique SA bought a new stake in Five9 in the fourth quarter valued at approximately $36,000. Johnson Financial Group Inc. bought a new stake in Five9 in the fourth quarter valued at approximately $47,000. Steward Partners Investment Advisory LLC raised its stake in Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after buying an additional 1,315 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in Five9 by 419.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker's stock valued at $61,000 after buying an additional 1,811 shares during the period. Institutional investors own 96.64% of the company's stock.

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.