Five9, Inc. (NASDAQ:FIVN) CRO Sells $284,676.77 in Stock

Five9, Inc. (NASDAQ:FIVNGet Rating) CRO Daniel P. Burkland sold 2,891 shares of the business’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $98.47, for a total transaction of $284,676.77. Following the transaction, the executive now owns 125,164 shares of the company’s stock, valued at approximately $12,324,899.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of FIVN traded down $0.57 during mid-day trading on Monday, reaching $100.73. 707,734 shares of the company’s stock were exchanged, compared to its average volume of 1,262,918. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 3.44. The company has a 50-day simple moving average of $105.00 and a two-hundred day simple moving average of $117.12. Five9, Inc. has a 52-week low of $80.52 and a 52-week high of $211.68. The company has a market cap of $7.01 billion, a price-to-earnings ratio of -92.33 and a beta of 0.51.

Five9 (NASDAQ:FIVNGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The software maker reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.52. Five9 had a negative net margin of 11.43% and a negative return on equity of 24.00%. The business had revenue of $182.80 million during the quarter, compared to analysts’ expectations of $170.87 million. During the same period last year, the company posted ($0.08) EPS. The company’s revenue was up 32.6% on a year-over-year basis. As a group, equities research analysts predict that Five9, Inc. will post -0.91 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. David J Yvars Group acquired a new stake in Five9 during the fourth quarter worth approximately $28,000. National Bank of Canada FI acquired a new stake in Five9 during the fourth quarter worth approximately $29,000. UMB Bank N A MO acquired a new stake in Five9 during the fourth quarter worth approximately $35,000. Lazard Asset Management LLC acquired a new stake in Five9 during the first quarter worth approximately $41,000. Finally, Vestor Capital LLC acquired a new stake in Five9 during the first quarter worth approximately $42,000. Hedge funds and other institutional investors own 97.89% of the company’s stock.

Several equities analysts have issued reports on FIVN shares. KeyCorp decreased their price objective on shares of Five9 from $208.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, February 24th. Northland Securities decreased their price objective on shares of Five9 from $200.00 to $155.00 and set an “outperform” rating for the company in a research note on Thursday, February 24th. Needham & Company LLC decreased their price objective on shares of Five9 from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Robert W. Baird decreased their target price on shares of Five9 from $175.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, February 24th. Finally, Truist Financial decreased their target price on shares of Five9 from $210.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $160.90.

About Five9 (Get Rating)

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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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