Kimberly Alexy Sells 15,000 Shares of Five9, Inc. (FIVN) Stock
Five9, Inc. (NASDAQ:FIVN) Director Kimberly Alexy sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $24.67, for a total transaction of $370,050.00. Following the completion of the sale, the director now directly owns 22,155 shares in the company, valued at approximately $546,563.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Five9, Inc. (NASDAQ:FIVN) traded up $0.19 on Thursday, hitting $24.51. 656,642 shares of the stock traded hands, compared to its average volume of 468,847. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.17 and a current ratio of 2.17. Five9, Inc. has a fifty-two week low of $12.58 and a fifty-two week high of $27.81.
Five9 (NASDAQ:FIVN) last posted its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The business had revenue of $50.08 million for the quarter, compared to analyst estimates of $48.20 million. The company’s revenue was up 22.2% on a year-over-year basis. analysts expect that Five9, Inc. will post -0.18 earnings per share for the current year.
FIVN has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of Five9 from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. Northland Securities reissued a “buy” rating and issued a $25.00 price target on shares of Five9 in a report on Friday, September 1st. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Monday, November 13th. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price target on shares of Five9 in a report on Friday, November 10th. Finally, Canaccord Genuity upped their target price on shares of Five9 from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, September 27th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $26.43.
ILLEGAL ACTIVITY WARNING: “Kimberly Alexy Sells 15,000 Shares of Five9, Inc. (FIVN) Stock” was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/30/kimberly-alexy-sells-15000-shares-of-five9-inc-fivn-stock.html.
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).
Receive News & Ratings for Five9 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 Inc. and related companies with MarketBeat.com's FREE daily email newsletter.