Five9 Inc (NASDAQ:FIVN) Director Sells $2,639,900.84 in Stock

Five9 Inc (NASDAQ:FIVN) Director Michael Burkland sold 44,383 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $59.48, for a total transaction of $2,639,900.84. Following the completion of the sale, the director now owns 67,120 shares of the company’s stock, valued at approximately $3,992,297.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Monday, July 15th, Michael Burkland sold 13,979 shares of Five9 stock. The shares were sold at an average price of $52.91, for a total transaction of $739,628.89.
  • On Thursday, June 20th, Michael Burkland sold 6,238 shares of Five9 stock. The shares were sold at an average price of $55.54, for a total transaction of $346,458.52.
  • On Tuesday, June 18th, Michael Burkland sold 22,100 shares of Five9 stock. The shares were sold at an average price of $53.68, for a total transaction of $1,186,328.00.
  • On Thursday, May 16th, Michael Burkland sold 13,600 shares of Five9 stock. The shares were sold at an average price of $49.09, for a total transaction of $667,624.00.
  • On Wednesday, May 8th, Michael Burkland sold 30,660 shares of Five9 stock. The shares were sold at an average price of $50.35, for a total transaction of $1,543,731.00.
  • On Friday, May 10th, Michael Burkland sold 300,000 shares of Five9 stock. The shares were sold at an average price of $49.98, for a total transaction of $14,994,000.00.

Shares of Five9 stock opened at $58.03 on Monday. The stock has a market cap of $3.49 billion, a P/E ratio of 386.87 and a beta of 0.56. The company has a debt-to-equity ratio of 1.27, a quick ratio of 6.12 and a current ratio of 6.41. Five9 Inc has a one year low of $33.02 and a one year high of $61.42. The stock’s fifty day moving average price is $51.16.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Wednesday, July 31st. The software maker reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.07. The company had revenue of $77.44 million during the quarter, compared to the consensus estimate of $72.42 million. Five9 had a negative net margin of 0.47% and a positive return on equity of 8.90%. Five9’s quarterly revenue was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS. As a group, equities analysts anticipate that Five9 Inc will post 0.03 EPS for the current year.

Several analysts recently commented on FIVN shares. BidaskClub downgraded shares of Five9 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. Bank of America reiterated an “underperform” rating and issued a $39.00 price target (up previously from $33.00) on shares of Five9 in a research report on Thursday, May 2nd. Stephens reiterated a “hold” rating and issued a $53.00 price target on shares of Five9 in a research report on Monday, April 29th. JPMorgan Chase & Co. upgraded shares of Five9 from a “neutral” rating to an “overweight” rating and upped their price target for the company from $59.00 to $70.00 in a research report on Thursday. Finally, Canaccord Genuity upped their price target on shares of Five9 from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $55.31.

A number of institutional investors have recently made changes to their positions in the business. Wasatch Advisors Inc. raised its position in Five9 by 39.1% during the 1st quarter. Wasatch Advisors Inc. now owns 2,468,724 shares of the software maker’s stock worth $130,423,000 after buying an additional 694,494 shares during the last quarter. Granite Investment Partners LLC increased its holdings in shares of Five9 by 14.9% in the 1st quarter. Granite Investment Partners LLC now owns 774,838 shares of the software maker’s stock valued at $40,935,000 after purchasing an additional 100,234 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 58,150 shares in the last quarter. Riverbridge Partners LLC purchased a new position in shares of Five9 in the 2nd quarter valued at about $28,158,000. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Five9 by 1.2% in the 2nd quarter. Stephens Investment Management Group LLC now owns 533,785 shares of the software maker’s stock valued at $27,378,000 after purchasing an additional 6,574 shares in the last quarter.

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

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