Leena Mansharamani Sells 2,938 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN - Get Free Report) CAO Leena Mansharamani sold 2,938 shares of Five9 stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $27.83, for a total transaction of $81,764.54. Following the completion of the transaction, the chief accounting officer now directly owns 44,901 shares in the company, valued at approximately $1,249,594.83. This represents a 6.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Leena Mansharamani also recently made the following trade(s):

• On Tuesday, March 11th, Leena Mansharamani sold 1,135 shares of Five9 stock. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00.

Five9 Price Performance

FIVN stock traded up $0.60 during trading on Friday, hitting $29.15. The company had a trading volume of 2,017,687 shares, compared to its average volume of 1,694,708. The company has a fifty day moving average price of $25.38 and a two-hundred day moving average price of $33.88. Five9, Inc. has a fifty-two week low of $21.04 and a fifty-two week high of $49.90. The company 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 company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32.

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

Hedge Funds Weigh In On Five9

Several institutional investors have recently added to or reduced their stakes in FIVN. Sylebra Capital LLC increased its holdings in shares of Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock worth $152,228,000 after buying an additional 1,396,496 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Five9 by 14.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker's stock worth $74,649,000 after acquiring an additional 353,939 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Five9 by 292.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker's stock worth $72,745,000 after acquiring an additional 1,996,628 shares during the last quarter. Van Berkom & Associates Inc. increased its holdings in Five9 by 14.2% during the 1st quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker's stock valued at $58,122,000 after purchasing an additional 266,484 shares in the last quarter. Finally, Armistice Capital LLC raised its position in Five9 by 6.5% in the 1st quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker's stock valued at $56,961,000 after purchasing an additional 127,793 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on FIVN. 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 report on Friday, May 2nd. Cantor Fitzgerald reissued an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Rosenblatt Securities restated a "buy" rating and set a $36.00 target price on shares of Five9 in a research note on Tuesday, May 13th. Barclays dropped their price target on Five9 from $60.00 to $33.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Finally, William Blair reissued an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.15.

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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