Five9 Inc (NASDAQ:FIVN) Director Michael Burkland sold 24,000 shares of Five9 stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $23.78, for a total value of $570,720.00. Following the completion of the sale, the director now owns 762,582 shares of the company’s stock, valued at $18,134,199.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, December 15th, Michael Burkland sold 24,000 shares of Five9 stock. The stock was sold at an average price of $23.86, for a total value of $572,640.00.
  • On Monday, November 20th, Michael Burkland sold 24,000 shares of Five9 stock. The stock was sold at an average price of $24.78, for a total value of $594,720.00.
  • On Monday, November 13th, Michael Burkland sold 600,000 shares of Five9 stock. The stock was sold at an average price of $24.05, for a total value of $14,430,000.00.

Five9 Inc (FIVN) traded down $0.11 during midday trading on Wednesday, hitting $23.22. The stock had a trading volume of 208,274 shares, compared to its average volume of 369,215. The company has a market capitalization of $1,290.00, a P/E ratio of -154.80 and a beta of 0.27. Five9 Inc has a 52-week low of $15.27 and a 52-week high of $27.81. 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 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The firm had revenue of $50.08 million during the quarter, compared to the consensus estimate of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. equities analysts expect that Five9 Inc will post -0.18 EPS for the current year.

A number of equities research analysts have weighed in on FIVN shares. Canaccord Genuity lifted their target price on Five9 from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, September 27th. KeyCorp reiterated a “buy” rating and issued a $27.00 target price on shares of Five9 in a report on Friday, September 22nd. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Monday, November 13th. ValuEngine upgraded Five9 from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Finally, BidaskClub downgraded Five9 from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Five9 has a consensus rating of “Buy” and an average target price of $26.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its position in shares of Five9 by 4,389.5% during the second quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock valued at $120,000 after buying an additional 5,443 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Five9 during the third quarter valued at approximately $195,000. Tudor Investment Corp ET AL purchased a new position in shares of Five9 during the second quarter valued at approximately $202,000. Janney Montgomery Scott LLC purchased a new position in shares of Five9 during the third quarter valued at approximately $211,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Five9 during the second quarter valued at approximately $219,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

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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).

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

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