Five9, Inc. (NASDAQ:FIVN - Get Free Report) CEO Michael Burkland sold 12,594 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $27.17, for a total transaction of $342,178.98. Following the sale, the chief executive officer now directly owns 391,462 shares in the company, valued at $10,636,022.54. This trade represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Michael Burkland also recently made the following trade(s):
- On Wednesday, June 4th, Michael Burkland sold 5,475 shares of Five9 stock. The shares were sold at an average price of $28.28, for a total transaction of $154,833.00.
Five9 Stock Up 2.1%
FIVN stock traded up $0.60 during trading hours on Friday, hitting $29.15. The company's stock had a trading volume of 2,017,687 shares, compared to its average volume of 1,694,877. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $2.22 billion, a PE ratio of -145.74, a price-to-earnings-growth ratio of 9.41 and a beta of 1.20. Five9, Inc. has a 12 month low of $21.04 and a 12 month high of $49.90. The stock has a 50 day moving average price of $25.42 and a two-hundred day moving average price of $33.79.
Five9 (NASDAQ:FIVN - Get Free Report) last announced 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. The company had revenue of $279.71 million during the quarter, compared to analysts' expectations of $272.26 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business's revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 EPS. On average, equities research analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.
Institutional Investors Weigh In On Five9
Several large investors have recently bought and sold shares of FIVN. Barclays PLC increased its position in shares of Five9 by 215.8% during the third quarter. Barclays PLC now owns 242,187 shares of the software maker's stock worth $6,956,000 after acquiring an additional 165,487 shares in the last quarter. KBC Group NV lifted its stake in shares of Five9 by 49.2% during the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker's stock worth $137,000 after buying an additional 1,113 shares during the last quarter. Choreo LLC bought a new stake in shares of Five9 during the 4th quarter worth about $408,000. WCM Investment Management LLC boosted its holdings in shares of Five9 by 35.9% during the 4th quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker's stock worth $21,281,000 after buying an additional 138,019 shares during the period. Finally, Principal Financial Group Inc. bought a new position in Five9 during the fourth quarter worth about $268,000. Institutional investors own 96.64% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on FIVN. Wells Fargo & Company dropped their price target on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Mizuho lowered their price target on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Needham & Company LLC reduced their price objective on shares of Five9 from $52.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Piper Sandler boosted their price objective on shares of Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 price target on shares of Five9 in a research report on Tuesday, May 13th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $43.15.
Read Our Latest Analysis on Five9
Five9 Company Profile
(
Get Free Report)
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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