Insider Selling: Five9, Inc. (NASDAQ:FIVN) EVP Sells 7,043 Shares of Stock

Key Points

• Panos Kozanian, EVP of Five9, Inc., sold 7,043 shares of stock on August 13th for a total of $181,779.83, resulting in a 5.72% decrease in ownership of the company's shares.
• Five9's stock traded up to $26.04 recently, with a market cap of $2.01 billion and a 52-week price range of $21.04 to $49.90.
• The company reported quarterly earnings of $0.76 per share, exceeding estimates and marking a year-over-year revenue increase of 12.4% to $283.27 million.

Five9, Inc. (NASDAQ:FIVN - Get Free Report) EVP Panos Kozanian sold 7,043 shares of Five9 stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $25.81, for a total transaction of $181,779.83. Following the completion of the sale, the executive vice president directly owned 116,175 shares of the company's stock, valued at $2,998,476.75. The trade was a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Panos Kozanian also recently made the following trade(s):

• On Wednesday, June 4th, Panos Kozanian sold 3,816 shares of Five9 stock. The stock was sold at an average price of $28.28, for a total transaction of $107,916.48.

Five9 Stock Performance

Shares of NASDAQ:FIVN traded up $0.90 during midday trading on Friday, reaching $26.04. The company had a trading volume of 2,599,015 shares, compared to its average volume of 1,924,615. The company's 50 day moving average price is $26.96 and its 200 day moving average price is $29.12. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04. The stock has a market cap of $2.01 billion, a P/E ratio of 289.37, a P/E/G ratio of 2.47 and a beta of 1.17. 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 announced its quarterly earnings results on Thursday, July 31st. The software maker reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.11. Five9 had a return on equity of 8.91% and a net margin of 0.80%. The firm had revenue of $283.27 million for the quarter, compared to analysts' expectations of $275.18 million. During the same period in the prior year, the business posted $0.52 earnings per share. The company's revenue was up 12.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Trading of Five9

A number of institutional investors have recently made changes to their positions in FIVN. Quantinno Capital Management LP bought a new position in shares of Five9 during the fourth quarter valued at approximately $287,000. Royal Bank of Canada raised its holdings in Five9 by 6.0% in the fourth quarter. Royal Bank of Canada now owns 369,001 shares of the software maker's stock worth $14,997,000 after purchasing an additional 20,775 shares in the last quarter. Man Group plc bought a new position in Five9 in the fourth quarter worth $354,000. Cetera Investment Advisers raised its holdings in Five9 by 60.1% in the fourth quarter. Cetera Investment Advisers now owns 13,407 shares of the software maker's stock worth $545,000 after purchasing an additional 5,032 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Five9 in the first quarter worth $433,000. Hedge funds and other institutional investors own 96.64% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on FIVN shares. Royal Bank Of Canada lifted their target price on shares of Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. KeyCorp started coverage on shares of Five9 in a research note on Friday, June 6th. They issued an "overweight" rating and a $35.00 target price for the company. UBS Group lowered their target price on shares of Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Canaccord Genuity Group reissued a "buy" rating and set a $40.00 price objective on shares of Five9 in a research note on Friday, August 1st. Finally, Needham & Company LLC lowered their price objective on shares of Five9 from $52.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Five9 presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.59.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.