Insider Selling: Five9, Inc. (FIVN) CEO Sells 12,590 Shares of Stock
Five9, Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 12,590 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $21.00, for a total transaction of $264,390.00. Following the completion of the sale, the chief executive officer now owns 963,501 shares in the company, valued at approximately $20,233,521. 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 Wednesday, August 9th, Michael Burkland sold 12,484 shares of Five9 stock. The stock was sold at an average price of $21.00, for a total transaction of $262,164.00.
Five9, Inc. (NASDAQ FIVN) traded up 2.12% during midday trading on Thursday, reaching $21.69. 692,067 shares of the company’s stock traded hands. The firm’s 50-day moving average is $21.41 and its 200 day moving average is $20.08. Five9, Inc. has a 52-week low of $12.58 and a 52-week high of $24.80. The firm’s market cap is $1.20 billion.
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A number of large investors have recently bought and sold shares of the stock. USA Financial Portformulas Corp bought a new stake in Five9 during the second quarter worth about $459,000. Wasatch Advisors Inc. bought a new stake in Five9 during the second quarter worth about $3,159,000. Verition Fund Management LLC bought a new stake in Five9 during the second quarter worth about $361,000. Castleark Management LLC boosted its stake in Five9 by 0.7% during the second quarter. Castleark Management LLC now owns 431,966 shares of the software maker’s stock worth $9,296,000 after acquiring an additional 2,842 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Five9 by 42.0% during the second quarter. California State Teachers Retirement System now owns 92,400 shares of the software maker’s stock worth $1,988,000 after acquiring an additional 27,334 shares in the last quarter. 91.88% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on FIVN shares. Northland Securities restated a “buy” rating and issued a $25.00 target price on shares of Five9 in a report on Friday, September 1st. Zacks Investment Research lowered shares of Five9 from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. BidaskClub lowered shares of Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Canaccord Genuity upped their target price on shares of Five9 from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $21.00 target price (up previously from $18.00) on shares of Five9 in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.29.
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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