Five9, Inc. (NASDAQ:FIVN) CAO Sells $81,764.54 in 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 stock was sold at an average price of $27.83, for a total transaction of $81,764.54. Following the completion of the sale, the chief accounting officer now owns 44,901 shares of the company's stock, valued at $1,249,594.83. This represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

Five9 Stock Performance

FIVN traded up $0.41 during trading on Monday, reaching $29.56. 1,849,885 shares of the company's stock were exchanged, compared to its average volume of 1,695,499. Five9, Inc. has a 1 year low of $21.04 and a 1 year 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 stock has a market capitalization of $2.25 billion, a P/E ratio of -147.79, a price-to-earnings-growth ratio of 9.41 and a beta of 1.20. The company's fifty day simple moving average is $25.42 and its 200-day simple moving average is $33.76.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $279.71 million during the quarter, compared to analyst estimates of $272.26 million. During the same period last year, the firm posted $0.48 EPS. Five9's revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on FIVN shares. Royal Bank of Canada boosted their target price on shares of Five9 from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Morgan Stanley cut their target price on shares of Five9 from $48.00 to $28.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Piper Sandler boosted 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. William Blair restated an "outperform" rating on shares of Five9 in a research report on Thursday, March 13th. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.15.

Hedge Funds Weigh In On Five9

A number of institutional investors have recently bought and sold shares of FIVN. Norges Bank purchased a new position in Five9 during the 4th quarter worth approximately $81,280,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of 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 valued at $72,745,000 after purchasing an additional 1,996,628 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Five9 by 353.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker's stock valued at $97,356,000 after purchasing an additional 1,867,137 shares during the period. Sylebra Capital LLC lifted its stake in shares of Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock valued at $152,228,000 after purchasing an additional 1,396,496 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in Five9 during the fourth quarter worth $51,061,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.