Five9, Inc. (NASDAQ:FIVN) CRO Daniel P. Burkland Sells 3,628 Shares

Five9, Inc. (NASDAQ:FIVN) CRO Daniel P. Burkland sold 3,628 shares of Five9 stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.57, for a total transaction of $110,907.96. Following the completion of the transaction, the executive now directly owns 128,926 shares of the company’s stock, valued at $3,941,267.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Five9 Stock Down 3.3 %

Shares of NASDAQ:FIVN traded down $0.97 on Friday, hitting $28.61. 2,156,004 shares of the company’s stock were exchanged, compared to its average volume of 1,432,475. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. Five9, Inc. has a 1-year low of $28.59 and a 1-year high of $92.40. The company has a market capitalization of $2.11 billion, a PE ratio of -35.06 and a beta of 0.82. The firm’s 50-day moving average is $39.02 and its 200 day moving average is $49.53.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.14. The company had revenue of $252.09 million for the quarter, compared to analyst estimates of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. Sell-side analysts predict that Five9, Inc. will post -0.09 EPS for the current year.

Analyst Upgrades and Downgrades

FIVN has been the topic of a number of recent research reports. Roth Mkm decreased their price objective on Five9 from $90.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Wells Fargo & Company cut their price objective on shares of Five9 from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Northland Securities lowered their target price on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Morgan Stanley cut their price target on shares of Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, June 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of Five9 in a research report on Wednesday, August 21st. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Institutional Trading of Five9

Hedge funds and other institutional investors have recently made changes to their positions in the company. Arcadia Investment Management Corp MI increased its position in Five9 by 46.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after acquiring an additional 144 shares during the period. US Bancorp DE lifted its stake in shares of Five9 by 1.4% during the 4th quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock worth $1,340,000 after purchasing an additional 228 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Five9 by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 31,537 shares of the software maker’s stock worth $2,482,000 after acquiring an additional 310 shares during the period. Quent Capital LLC raised its stake in Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after purchasing an additional 352 shares during the period. Finally, Corient Private Wealth LLC grew its stake in shares of Five9 by 8.4% during the 4th quarter. Corient Private Wealth LLC now owns 6,796 shares of the software maker’s stock valued at $535,000 after buying an additional 527 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.