Five9 Inc (NASDAQ:FIVN) President Sells $756,476.86 in Stock

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Five9 Inc (NASDAQ:FIVN) President Daniel P. Burkland sold 13,934 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $54.29, for a total value of $756,476.86. Following the sale, the president now owns 172,394 shares of the company’s stock, valued at $9,359,270.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of NASDAQ FIVN traded up $0.85 during trading on Friday, reaching $55.58. The stock had a trading volume of 255,286 shares, compared to its average volume of 748,545. The company has a market cap of $3.37 billion, a P/E ratio of 370.53, a PEG ratio of 137.93 and a beta of 0.58. The business’s 50-day moving average price is $58.04 and its 200-day moving average price is $53.65. Five9 Inc has a fifty-two week low of $34.66 and a fifty-two week high of $65.45. The company has a debt-to-equity ratio of 1.27, a quick ratio of 6.41 and a current ratio of 6.41.

Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, July 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.07. The firm had revenue of $77.44 million during the quarter, compared to analyst estimates of $72.42 million. Five9 had a positive return on equity of 8.90% and a negative net margin of 0.47%. Five9’s revenue was up 26.7% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. Analysts forecast that Five9 Inc will post 0.04 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Moody Aldrich Partners LLC purchased a new stake in Five9 during the 2nd quarter worth about $3,583,000. Granite Investment Partners LLC lifted its holdings in shares of Five9 by 14.9% in the 1st quarter. Granite Investment Partners LLC now owns 774,838 shares of the software maker’s stock valued at $40,935,000 after purchasing an additional 100,234 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Five9 by 435.6% in the 2nd quarter. First Trust Advisors LP now owns 438,698 shares of the software maker’s stock valued at $22,501,000 after purchasing an additional 356,792 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Five9 by 27.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 111,000 shares of the software maker’s stock valued at $5,693,000 after purchasing an additional 23,600 shares during the last quarter. Finally, ARP Americas LP purchased a new stake in shares of Five9 in the 2nd quarter valued at about $297,000.

A number of brokerages have recently weighed in on FIVN. JPMorgan Chase & Co. raised Five9 from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $59.00 to $70.00 in a report on Thursday, August 1st. SunTrust Banks increased their price target on Five9 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Rosenblatt Securities initiated coverage on Five9 in a research report on Wednesday, September 4th. They set a “neutral” rating and a $73.00 price target on the stock. Guggenheim initiated coverage on Five9 in a research report on Thursday, September 26th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Canaccord Genuity raised their target price on Five9 from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $59.92.

About Five9

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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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