Daniel P. Burkland Sells 43,136 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVNGet Rating) CRO Daniel P. Burkland sold 43,136 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $68.72, for a total transaction of $2,964,305.92. Following the transaction, the executive now owns 140,616 shares of the company’s stock, valued at approximately $9,663,131.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Five9 Trading Up 2.1 %

Shares of Five9 stock opened at $67.88 on Friday. Five9, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $141.18. The company has a debt-to-equity ratio of 2.74, a quick ratio of 4.90 and a current ratio of 4.90. The company has a market cap of $4.79 billion, a P/E ratio of -56.10 and a beta of 0.61. The firm has a 50-day simple moving average of $63.38 and a two-hundred day simple moving average of $80.42.

Five9 (NASDAQ:FIVNGet Rating) last released its quarterly earnings results on Monday, November 7th. The software maker reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). Five9 had a negative return on equity of 28.27% and a negative net margin of 11.37%. The business had revenue of $198.34 million during the quarter, compared to analyst estimates of $196.50 million. As a group, equities analysts predict that Five9, Inc. will post -1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Five9 by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,551,197 shares of the software maker’s stock worth $491,209,000 after acquiring an additional 85,252 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Five9 by 22.9% in the first quarter. Wellington Management Group LLP now owns 3,775,202 shares of the software maker’s stock valued at $416,783,000 after purchasing an additional 703,002 shares during the period. Alliancebernstein L.P. increased its stake in shares of Five9 by 104.4% during the third quarter. Alliancebernstein L.P. now owns 2,196,520 shares of the software maker’s stock worth $164,695,000 after purchasing an additional 1,122,000 shares in the last quarter. Wasatch Advisors Inc. raised its position in shares of Five9 by 11.3% during the 1st quarter. Wasatch Advisors Inc. now owns 2,190,058 shares of the software maker’s stock worth $241,782,000 after purchasing an additional 221,679 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in Five9 by 3.6% in the 2nd quarter. Macquarie Group Ltd. now owns 1,763,444 shares of the software maker’s stock valued at $160,720,000 after buying an additional 60,982 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FIVN shares. Robert W. Baird decreased their price objective on shares of Five9 from $130.00 to $60.00 in a research report on Tuesday, November 8th. Barclays lowered their price objective on shares of Five9 from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, November 8th. Bank of America cut their target price on Five9 from $75.00 to $61.00 in a research report on Tuesday, November 8th. Canaccord Genuity Group lowered their price target on Five9 from $125.00 to $85.00 in a research report on Tuesday, November 8th. Finally, Moffett Nathanson cut their price objective on Five9 to $60.00 in a report on Tuesday, November 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

About Five9

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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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