Five9, Inc. (NASDAQ:FIVN) Director Michael J. Burdiek Purchases 1,000 Shares

Key Points

• Director Michael J. Burdiek purchased 1,000 shares of Five9, Inc. stock at an average price of $24.15 per share, increasing his ownership to 31,860 shares.
• Five9's share price decreased by 4.0%, closing at $25.14 amid significant trading volume of over 2.8 million shares.
• The company reported strong earnings, with $0.76 earnings per share for the last quarter, exceeding analysts' estimates of $0.65 per share.

Five9, Inc. (NASDAQ:FIVN - Get Free Report) Director Michael J. Burdiek acquired 1,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average cost of $24.15 per share, with a total value of $24,150.00. Following the purchase, the director directly owned 31,860 shares in the company, valued at $769,419. This represents a 3.24% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Five9 Stock Down 4.0%

Shares of NASDAQ:FIVN traded down $1.06 during midday trading on Thursday, reaching $25.14. The company's stock had a trading volume of 2,822,964 shares, compared to its average volume of 1,920,260. The firm has a 50 day moving average of $27.09 and a 200-day moving average of $29.33. The firm has a market capitalization of $1.94 billion, a P/E ratio of 279.36, a PEG ratio of 2.32 and a beta of 1.17. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 1.04. Five9, Inc. has a 12-month low of $21.04 and a 12-month high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Thursday, July 31st. The software maker reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.11. The firm had revenue of $283.27 million for the quarter, compared to the consensus estimate of $275.18 million. Five9 had a net margin of 0.80% and a return on equity of 8.91%. The company's revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. On average, research analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current year.

Institutional Trading of Five9

Several institutional investors have recently bought and sold shares of FIVN. Xponance Inc. boosted its holdings in shares of Five9 by 4.4% in the first quarter. Xponance Inc. now owns 9,835 shares of the software maker's stock worth $267,000 after buying an additional 414 shares during the last quarter. State of Wyoming boosted its holdings in shares of Five9 by 11.5% in the first quarter. State of Wyoming now owns 5,260 shares of the software maker's stock worth $143,000 after buying an additional 543 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Five9 by 3.2% during the second quarter. Harbor Capital Advisors Inc. now owns 18,685 shares of the software maker's stock valued at $495,000 after purchasing an additional 583 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in Five9 by 1.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker's stock valued at $1,325,000 after purchasing an additional 590 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Five9 by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 24,779 shares of the software maker's stock valued at $1,007,000 after purchasing an additional 852 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. KeyCorp assumed coverage on shares of Five9 in a report on Friday, June 6th. They set an "overweight" rating and a $35.00 price target for the company. DA Davidson upgraded shares of Five9 to a "hold" rating in a report on Monday, August 4th. Barclays lowered their price target on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Canaccord Genuity Group reiterated a "buy" rating and set a $40.00 price target on shares of Five9 in a report on Friday, August 1st. Finally, Piper Sandler lowered their price target on shares of Five9 from $36.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $37.59.

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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