Five9 Inc. (FIVN) CEO Michael Burkland Sells 24,000 Shares
Five9 Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 24,000 shares of the firm’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $14.14, for a total transaction of $339,360.00. Following the transaction, the chief executive officer now directly owns 953,000 shares in the company, valued at $13,475,420. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Michael Burkland also recently made the following trade(s):
- On Thursday, September 15th, Michael Burkland sold 24,000 shares of Five9 stock. The stock was sold at an average price of $14.40, for a total transaction of $345,600.00.
- On Friday, August 19th, Michael Burkland sold 12,000 shares of Five9 stock. The stock was sold at an average price of $14.01, for a total transaction of $168,120.00.
- On Thursday, August 4th, Michael Burkland sold 8,000 shares of Five9 stock. The stock was sold at an average price of $13.22, for a total transaction of $105,760.00.
Five9 Inc. (NASDAQ:FIVN) traded down 0.50% during trading on Tuesday, hitting $14.02. 191,165 shares of the stock were exchanged. The stock’s 50-day moving average price is $14.89 and its 200-day moving average price is $12.18. Five9 Inc. has a 12-month low of $3.94 and a 12-month high of $16.40. The firm’s market cap is $736.81 million.
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Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.05. Five9 had a negative net margin of 12.36% and a negative return on equity of 65.04%. The business had revenue of $38.90 million for the quarter, compared to analysts’ expectations of $36.86 million. During the same quarter last year, the company earned ($0.10) EPS. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, equities analysts expect that Five9 Inc. will post ($0.14) EPS for the current year.
FIVN has been the topic of several analyst reports. Barclays PLC lifted their target price on shares of Five9 from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, July 15th. Needham & Company LLC lifted their target price on shares of Five9 from $11.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Bank of America Corp. downgraded shares of Five9 from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 20th. Finally, Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, October 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.56.
A number of institutional investors have recently made changes to their positions in the stock. Swiss National Bank bought a new position in shares of Five9 during the second quarter worth about $628,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Five9 during the second quarter worth about $115,000. Palisade Capital Management LLC NJ bought a new position in shares of Five9 during the second quarter worth about $1,830,000. Columbus Circle Investors raised its position in shares of Five9 by 33.5% in the second quarter. Columbus Circle Investors now owns 803,883 shares of the company’s stock worth $9,566,000 after buying an additional 201,738 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Five9 by 37.8% in the second quarter. California State Teachers Retirement System now owns 69,266 shares of the company’s stock worth $824,000 after buying an additional 19,016 shares in the last quarter. Hedge funds and other institutional investors own 83.84% of the company’s stock.
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. It facilitates over three billion interactions between its 2,000 clients and clients’ customers per year.
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