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

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 bought 1,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average price of $24.15 per share, for a total transaction of $24,150.00. Following the purchase, the director owned 31,860 shares of the company's stock, valued at $769,419. This trade represents a 3.24% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Five9 Price Performance

Shares of NASDAQ FIVN traded up $0.49 during mid-day trading on Tuesday, hitting $26.89. 184,032 shares of the stock traded hands, compared to its average volume of 1,913,244. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.44 and a quick ratio of 4.44. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $49.90. The company has a market cap of $2.08 billion, a PE ratio of 300.38, a price-to-earnings-growth ratio of 2.45 and a beta of 1.17. The firm has a 50 day simple moving average of $26.90 and a two-hundred day simple moving average of $28.85.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $0.76 EPS for the quarter, topping the consensus estimate 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 return on equity of 8.91% and a net margin of 0.80%. The business's quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. As a group, equities research analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FIVN shares. Wells Fargo & Company lowered their target price on Five9 from $45.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Canaccord Genuity Group reiterated a "buy" rating and set a $40.00 target price on shares of Five9 in a research note on Friday, August 1st. Rosenblatt Securities reiterated a "buy" rating and set a $36.00 target price on shares of Five9 in a research note on Friday, August 1st. Evercore ISI lowered their target price on Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Jefferies Financial Group lowered their target price on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Five9 currently has an average rating of "Moderate Buy" and a consensus price target of $37.59.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FIVN. Nisa Investment Advisors LLC acquired a new position in Five9 during the 2nd quarter worth about $32,000. Banque Transatlantique SA acquired a new position in Five9 during the 4th quarter worth about $36,000. Johnson Financial Group Inc. acquired a new position in Five9 during the 4th quarter worth about $47,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Five9 by 419.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker's stock valued at $61,000 after purchasing an additional 1,811 shares during the period. Finally, Quarry LP acquired a new position in shares of Five9 in the 1st quarter valued at about $74,000. 96.64% of the stock is owned by institutional investors and hedge funds.

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.