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 the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total value of $50,847.44. Following the sale, the chief financial officer now owns 126,468 shares in the company, valued at approximately $3,576,515.04. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Five9 Stock Up 2.1%

Five9 stock traded up $0.60 during trading hours on Friday, hitting $29.15. The company had a trading volume of 2,017,687 shares, compared to its average volume of 1,694,708. Five9, Inc. has a fifty-two week low of $21.04 and a fifty-two week high of $49.90. 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 firm has a market capitalization of $2.22 billion, a P/E ratio of -145.74, a price-to-earnings-growth ratio of 9.41 and a beta of 1.23. The firm's fifty day moving average is $25.38 and its 200-day moving average is $33.88.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on FIVN shares. Piper Sandler boosted their price objective on shares of Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Cantor Fitzgerald reiterated an "overweight" rating on shares of Five9 in a research note on Wednesday, April 2nd. Evercore ISI reduced their price objective on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. KeyCorp began coverage on shares of Five9 in a research report on Friday. They issued an "overweight" rating and a $35.00 target price for the company. Finally, Barclays decreased their price target on Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.15.

Institutional Trading of Five9

Large investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in Five9 by 215.8% in the third quarter. Barclays PLC now owns 242,187 shares of the software maker's stock worth $6,956,000 after purchasing an additional 165,487 shares in the last quarter. KBC Group NV raised its holdings in Five9 by 49.2% during the fourth quarter. KBC Group NV now owns 3,373 shares of the software maker's stock valued at $137,000 after buying an additional 1,113 shares in the last quarter. Choreo LLC acquired a new stake in shares of Five9 in the fourth quarter worth about $408,000. WCM Investment Management LLC boosted its stake in shares of Five9 by 35.9% during the 4th quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker's stock worth $21,281,000 after acquiring an additional 138,019 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Five9 during the 4th quarter worth about $268,000. 96.64% of the stock is owned by institutional investors.

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.

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