Five9, Inc. (NASDAQ:FIVN) EVP Sells $107,916.48 in Stock

Five9, Inc. (NASDAQ:FIVN - Get Free Report) EVP Panos Kozanian sold 3,816 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 transaction of $107,916.48. Following the completion of the sale, the executive vice president now owns 123,218 shares in the company, valued at $3,484,605.04. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Five9 Stock Performance

NASDAQ:FIVN traded up $0.60 during midday trading on Friday, hitting $29.15. The company's stock had a trading volume of 2,017,677 shares, compared to its average volume of 1,694,705. 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 cap of $2.22 billion, a P/E ratio of -145.74, a P/E/G ratio of 9.41 and a beta of 1.23. The firm's 50 day moving average is $25.38 and its 200-day moving average is $33.88.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Piper Sandler increased their target price on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Royal Bank of Canada upped their price target on Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Jefferies Financial Group decreased 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. UBS Group dropped their target price on Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Barclays reduced their target price on Five9 from $60.00 to $33.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Five9 currently has an average rating of "Moderate Buy" and an average target price of $43.15.

Institutional Trading of Five9

Several institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC raised its stake in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after buying an additional 520 shares during the period. Banque Transatlantique SA acquired a new stake in Five9 in the 4th quarter valued at $36,000. Johnson Financial Group Inc. purchased a new stake in Five9 in the 4th quarter worth $47,000. Steward Partners Investment Advisory LLC raised its position in Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after acquiring an additional 1,315 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Five9 by 419.2% during 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 purchasing an additional 1,811 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Company Profile

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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