Michael Burkland Sells 12,594 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN - Get Free Report) CEO Michael Burkland sold 12,594 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $27.17, for a total transaction of $342,178.98. Following the completion of the transaction, the chief executive officer now directly owns 391,462 shares in the company, valued at $10,636,022.54. The trade was a 3.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 Down 1.9%

Five9 stock traded down $0.54 during mid-day trading on Thursday, hitting $28.55. The company had a trading volume of 1,696,653 shares, compared to its average volume of 1,693,419. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of -142.74, a PEG ratio of 9.41 and a beta of 1.23. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $49.90. 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 business has a fifty day moving average of $25.35 and a 200 day moving average of $33.94.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.48 by $0.14. The company had revenue of $279.71 million for the quarter, compared to analyst estimates of $272.26 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The firm's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 earnings per share. On average, sell-side analysts expect that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FIVN has been the topic of a number of recent analyst reports. Mizuho decreased their target price on shares of Five9 from $55.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company decreased their target price on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Cantor Fitzgerald reiterated an "overweight" rating on shares of Five9 in a research note on Wednesday, April 2nd. UBS Group cut their price target on shares of Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Morgan Stanley cut their price target on shares of Five9 from $48.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Five9 currently has a consensus rating of "Moderate Buy" and an average target price of $43.58.

Hedge Funds Weigh In On Five9

Several hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in Five9 by 10.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker's stock valued at $156,000 after purchasing an additional 365 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Five9 by 4.4% in the first quarter. Xponance Inc. now owns 9,835 shares of the software maker's stock valued at $267,000 after acquiring an additional 414 shares during the period. Arizona State Retirement System boosted its holdings in shares of Five9 by 2.0% in the fourth quarter. Arizona State Retirement System now owns 21,694 shares of the software maker's stock valued at $882,000 after acquiring an additional 424 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after acquiring an additional 520 shares during the period. Finally, State of Wyoming boosted its holdings in shares of Five9 by 11.5% in the first quarter. State of Wyoming now owns 5,260 shares of the software maker's stock valued at $143,000 after acquiring an additional 543 shares during the period. 96.64% of the stock is currently 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.

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