Daniel P. Burkland Sells 4,202 Shares of Five9, Inc. (FIVN) Stock
Five9, Inc. (NASDAQ:FIVN) EVP Daniel P. Burkland sold 4,202 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $21.03, for a total value of $88,368.06. Following the completion of the sale, the executive vice president now owns 136,436 shares of the company’s stock, valued at $2,869,249.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Daniel P. Burkland also recently made the following trade(s):
- On Monday, August 21st, Daniel P. Burkland sold 10,000 shares of Five9 stock. The stock was sold at an average price of $20.41, for a total value of $204,100.00.
Five9, Inc. (NASDAQ:FIVN) traded up 2.12% on Thursday, hitting $21.69. The company had a trading volume of 692,067 shares. Five9, Inc. has a one year low of $12.58 and a one year high of $24.80. The company’s market capitalization is $1.20 billion. The stock’s 50-day moving average price is $21.41 and its 200 day moving average price is $20.08.
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A number of hedge funds have recently bought and sold shares of FIVN. Scge Management L.P. acquired a new position in Five9 during the 1st quarter worth approximately $18,702,000. Whale Rock Capital Management LLC acquired a new position in Five9 during the 2nd quarter worth approximately $21,296,000. Wells Fargo & Company MN raised its stake in Five9 by 124.1% during the 1st quarter. Wells Fargo & Company MN now owns 1,400,229 shares of the software maker’s stock worth $23,048,000 after buying an additional 775,345 shares during the period. Russell Investments Group Ltd. raised its stake in Five9 by 69.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,703,148 shares of the software maker’s stock worth $36,650,000 after buying an additional 697,949 shares during the period. Finally, Vanguard Group Inc. raised its stake in Five9 by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock worth $70,972,000 after buying an additional 670,939 shares during the period. 91.88% of the stock is currently owned by institutional investors and hedge funds.
FIVN has been the subject of a number of research reports. Northland Securities set a $25.00 price objective on Five9 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, July 4th. BidaskClub downgraded Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Needham & Company LLC reiterated a “buy” rating and set a $26.00 price objective (up from $21.00) on shares of Five9 in a report on Wednesday, August 9th. Finally, Canaccord Genuity increased their price objective on Five9 from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $22.29.
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).
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