Insider Selling: Five9, Inc. (NASDAQ:FIVN) CRO Sells 2,637 Shares of Stock

Five9, Inc. (NASDAQ:FIVN) CRO Daniel P. Burkland sold 2,637 shares of Five9 stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $43.55, for a total value of $114,841.35. Following the transaction, the executive now owns 130,079 shares in the company, valued at approximately $5,664,940.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Five9 Stock Down 1.5 %

FIVN traded down $0.60 on Monday, hitting $40.17. The company had a trading volume of 1,268,305 shares, compared to its average volume of 1,294,286. Five9, Inc. has a 12-month low of $39.07 and a 12-month high of $92.40. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of -47.96 and a beta of 0.82. The company has a debt-to-equity ratio of 2.41, a quick ratio of 7.02 and a current ratio of 7.02. The stock has a fifty day moving average price of $43.55 and a 200-day moving average price of $56.31.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.13. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The company had revenue of $247.01 million during the quarter, compared to the consensus estimate of $239.72 million. Analysts predict that Five9, Inc. will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Five9

Hedge funds have recently bought and sold shares of the company. Arcadia Investment Management Corp MI raised its position in shares of Five9 by 46.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after acquiring an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in shares of Five9 by 139.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after purchasing an additional 279 shares during the period. Headlands Technologies LLC grew its position in shares of Five9 by 136.0% in the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after purchasing an additional 306 shares during the period. Intrust Bank NA purchased a new stake in Five9 during the fourth quarter valued at about $202,000. Finally, Inceptionr LLC purchased a new stake in Five9 during the fourth quarter valued at about $215,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Morgan Stanley dropped their target price on Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th. Barclays cut their target price on shares of Five9 from $95.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Wells Fargo & Company cut their price objective on shares of Five9 from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, June 10th. Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Monday. Finally, Piper Sandler decreased their price objective on shares of Five9 from $86.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.20.

About Five9

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.