Five9 Inc (NASDAQ:FIVN) Director Michael Burkland sold 24,000 shares of Five9 stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $23.78, for a total value of $570,720.00. Following the transaction, the director now directly owns 762,582 shares in the company, valued at approximately $18,134,199.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael Burkland also recently made the following trade(s):

  • On Friday, December 15th, Michael Burkland sold 24,000 shares of Five9 stock. The shares were sold at an average price of $23.86, for a total value of $572,640.00.
  • On Monday, November 20th, Michael Burkland sold 24,000 shares of Five9 stock. The shares were sold at an average price of $24.78, for a total value of $594,720.00.
  • On Monday, November 13th, Michael Burkland sold 600,000 shares of Five9 stock. The shares were sold at an average price of $24.05, for a total value of $14,430,000.00.

Shares of Five9 Inc (NASDAQ:FIVN) traded down $0.11 on Wednesday, hitting $23.22. The company’s stock had a trading volume of 208,274 shares, compared to its average volume of 369,215. The company has a market capitalization of $1,290.00, a price-to-earnings ratio of -154.80 and a beta of 0.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.17 and a current ratio of 2.17. Five9 Inc has a 52-week low of $15.27 and a 52-week high of $27.81.

Five9 (NASDAQ:FIVN) last issued its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The firm had revenue of $50.08 million for the quarter, compared to analyst estimates of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The firm’s revenue was up 22.2% on a year-over-year basis. equities analysts forecast that Five9 Inc will post -0.18 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of FIVN. Whale Rock Capital Management LLC bought a new stake in shares of Five9 in the second quarter valued at $21,296,000. Tremblant Capital Group bought a new stake in shares of Five9 during the 3rd quarter valued at $19,544,000. Vanguard Group Inc. raised its stake in shares of Five9 by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock valued at $70,972,000 after purchasing an additional 670,939 shares during the period. Wells Fargo & Company MN raised its stake in shares of Five9 by 31.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock valued at $36,598,000 after purchasing an additional 366,166 shares during the period. Finally, State Street Corp raised its stake in shares of Five9 by 49.3% during the 2nd quarter. State Street Corp now owns 887,639 shares of the software maker’s stock valued at $19,103,000 after purchasing an additional 293,067 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

FIVN has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Five9 from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. Canaccord Genuity reissued a “buy” rating and issued a $28.00 price objective on shares of Five9 in a research report on Thursday, November 9th. KeyCorp reissued an “overweight” rating and issued a $29.00 price objective (up previously from $27.00) on shares of Five9 in a research report on Wednesday, November 8th. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Monday, November 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $30.00 price objective on shares of Five9 in a research report on Friday, November 10th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $26.50.

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Five9 Company Profile

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).

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

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