Five9 Inc (NASDAQ:FIVN) President Daniel P. Burkland sold 5,739 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $46.59, for a total value of $267,380.01. Following the sale, the president now directly owns 169,722 shares of the company’s stock, valued at $7,907,347.98. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of NASDAQ FIVN traded down $0.21 during mid-day trading on Friday, reaching $49.08. 18,897 shares of the company traded hands, compared to its average volume of 717,291. The company has a debt-to-equity ratio of 1.37, a quick ratio of 6.12 and a current ratio of 6.12. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 327.73 and a beta of 0.62. Five9 Inc has a fifty-two week low of $31.64 and a fifty-two week high of $57.90.
Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. The business had revenue of $74.54 million for the quarter, compared to analyst estimates of $70.81 million. Five9 had a positive return on equity of 8.35% and a negative net margin of 0.56%. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS. As a group, equities research analysts forecast that Five9 Inc will post -0.03 earnings per share for the current year.
FIVN has been the subject of a number of recent research reports. Morgan Stanley set a $58.00 price target on Five9 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Needham & Company LLC increased their price objective on Five9 to $65.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. Craig Hallum lowered their price objective on Five9 from $64.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, February 20th. Canaccord Genuity increased their price objective on Five9 from $45.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. They noted that the move was a valuation call. Finally, SunTrust Banks increased their price objective on Five9 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $53.54.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio grew its holdings in Five9 by 112.5% in the 4th quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock valued at $148,000 after buying an additional 1,800 shares during the last quarter. Caxton Associates LP acquired a new stake in Five9 in the 4th quarter valued at approximately $206,000. Geode Capital Management LLC grew its holdings in Five9 by 9.8% in the 4th quarter. Geode Capital Management LLC now owns 653,681 shares of the software maker’s stock valued at $28,578,000 after buying an additional 58,150 shares during the last quarter. Monarch Partners Asset Management LLC acquired a new stake in Five9 in the 4th quarter valued at approximately $8,804,000. Finally, Intrust Bank NA grew its holdings in Five9 by 48.6% in the 4th quarter. Intrust Bank NA now owns 11,680 shares of the software maker’s stock valued at $510,000 after buying an additional 3,822 shares during the last quarter.
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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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