Insider Selling: Five9, Inc. (NASDAQ:FIVN) CEO Sells 5,475 Shares of Stock

Five9, Inc. (NASDAQ:FIVN - Get Free Report) CEO Michael Burkland sold 5,475 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.28, for a total value of $154,833.00. Following the transaction, the chief executive officer now directly owns 385,987 shares of the company's stock, valued at approximately $10,915,712.36. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Michael Burkland also recently made the following trade(s):

• On Tuesday, June 3rd, Michael Burkland sold 12,594 shares of Five9 stock. The stock was sold at an average price of $27.17, for a total value of $342,178.98.

Five9 Trading Down 1.9%

Shares of FIVN traded down $0.54 during trading hours on Thursday, hitting $28.55. The company had a trading volume of 1,696,653 shares, compared to its average volume of 1,693,421. The firm has a market cap of $2.18 billion, a P/E ratio of -142.74, a P/E/G ratio of 9.41 and a beta of 1.23. The stock's 50 day moving average price is $25.35 and its 200 day moving average price is $33.94. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. Five9, Inc. has a 52-week low of $21.04 and a 52-week high of $49.90.

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

Analyst Ratings Changes

Several research firms have issued reports on FIVN. Barclays dropped 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. Mizuho dropped their target price on Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. 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 research note on Friday, May 2nd. Royal Bank of Canada upped their target price on Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Jefferies Financial Group lowered their price target on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.58.

Institutional Trading of Five9

Large investors have recently modified their holdings of the business. Lindbrook Capital LLC grew its stake in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after purchasing an additional 520 shares during the last quarter. Banque Transatlantique SA bought a new stake in shares of Five9 in the fourth quarter worth about $36,000. Johnson Financial Group Inc. bought a new stake in shares of Five9 in the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC grew its stake in shares of 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 worth $54,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of 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 worth $61,000 after purchasing an additional 1,811 shares during the last quarter. 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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