Five9 Inc (NASDAQ:FIVN) President Sells $841,050.00 in Stock

Five9 Inc (NASDAQ:FIVN) President Daniel P. Burkland sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $56.07, for a total transaction of $841,050.00. Following the transaction, the president now owns 173,460 shares in the company, valued at $9,725,902.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:FIVN traded up $2.15 during midday trading on Wednesday, reaching $55.17. The stock had a trading volume of 438,066 shares, compared to its average volume of 824,697. The firm has a fifty day simple moving average of $58.52 and a two-hundred day simple moving average of $53.64. Five9 Inc has a 12-month low of $34.66 and a 12-month high of $65.45. The company has a quick ratio of 6.41, a current ratio of 6.41 and a debt-to-equity ratio of 1.27. The stock has a market cap of $3.22 billion, a P/E ratio of 367.80, a P/E/G ratio of 138.50 and a beta of 0.58.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.07. Five9 had a negative net margin of 0.47% and a positive return on equity of 8.90%. The firm had revenue of $77.44 million for the quarter, compared to analyst estimates of $72.42 million. During the same period last year, the firm posted $0.11 EPS. Five9’s quarterly revenue was up 26.7% on a year-over-year basis. On average, sell-side analysts anticipate that Five9 Inc will post 0.04 earnings per share for the current fiscal year.



Institutional investors have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC lifted its holdings in Five9 by 1,008.0% in the second quarter. Capital Investment Advisory Services LLC now owns 554 shares of the software maker’s stock valued at $27,000 after acquiring an additional 504 shares during the period. NEXT Financial Group Inc acquired a new stake in Five9 in the second quarter valued at $39,000. Dorsey Wright & Associates lifted its holdings in Five9 by 33.3% in the second quarter. Dorsey Wright & Associates now owns 788 shares of the software maker’s stock valued at $40,000 after acquiring an additional 197 shares during the period. Private Capital Group LLC lifted its holdings in Five9 by 27.5% in the second quarter. Private Capital Group LLC now owns 1,283 shares of the software maker’s stock valued at $44,000 after acquiring an additional 277 shares during the period. Finally, James Investment Research Inc. acquired a new stake in Five9 in the second quarter valued at $70,000.

A number of brokerages have recently issued reports on FIVN. Dougherty & Co upgraded shares of Five9 from a “neutral” rating to a “buy” rating in a research report on Thursday, August 1st. Rosenblatt Securities assumed coverage on shares of Five9 in a research report on Wednesday, September 4th. They set a “neutral” rating and a $73.00 target price on the stock. BidaskClub lowered shares of Five9 from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. ValuEngine lowered shares of Five9 from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, SunTrust Banks lifted their price objective on shares of Five9 to $66.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $59.92.

Five9 Company Profile

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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Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

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