Daniel P. Burkland Sells 5,623 Shares of Five9, Inc. (FIVN) Stock
Five9, Inc. (NASDAQ:FIVN) President Daniel P. Burkland sold 5,623 shares of Five9 stock in a transaction on Monday, December 4th. The shares were sold at an average price of $23.70, for a total transaction of $133,265.10. Following the completion of the sale, the president now owns 130,813 shares in the company, valued at $3,100,268.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Five9, Inc. (NASDAQ:FIVN) traded down $0.23 during mid-day trading on Thursday, reaching $22.73. 374,700 shares of the company’s stock traded hands, compared to its average volume of 470,434. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.04. Five9, Inc. has a 12-month low of $12.58 and a 12-month high of $27.81.
Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The company had revenue of $50.08 million during the quarter, compared to the consensus estimate of $48.20 million. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. research analysts expect that Five9, Inc. will post -0.18 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its position in shares of Five9 by 4,389.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock valued at $120,000 after acquiring an additional 5,443 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of Five9 in the 3rd quarter valued at about $195,000. Tudor Investment Corp ET AL bought a new position in shares of Five9 in the 2nd quarter valued at about $202,000. Janney Montgomery Scott LLC bought a new position in shares of Five9 in the 3rd quarter valued at about $211,000. Finally, Principal Financial Group Inc. bought a new position in shares of Five9 in the 2nd quarter valued at about $219,000. 93.55% of the stock is owned by institutional investors.
FIVN has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $26.00 price target (up from $21.00) on shares of Five9 in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of Five9 from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Northland Securities reiterated a “buy” rating and issued a $25.00 price target on shares of Five9 in a research note on Friday, September 1st. KeyCorp reiterated a “buy” rating and issued a $27.00 price target on shares of Five9 in a research note on Friday, September 22nd. Finally, Canaccord Genuity lifted their price target on shares of Five9 from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $26.43.
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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