Daniel P. Burkland Sells 10,000 Shares of Five9 Inc (FIVN) Stock

Five9 Inc (NASDAQ:FIVN) President Daniel P. Burkland sold 10,000 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $24.32, for a total transaction of $243,200.00. Following the completion of the sale, the president now owns 178,291 shares of the company’s stock, valued at approximately $4,336,037.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Five9 Inc (FIVN) traded up $1.06 during midday trading on Tuesday, reaching $25.64. 447,967 shares of the company were exchanged, compared to its average volume of 397,167. The firm has a market cap of $1,430.00, a price-to-earnings ratio of -170.93 and a beta of 0.27. 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 12-month low of $15.27 and a 12-month high of $27.81.

Five9 (NASDAQ:FIVN) last announced its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. The firm had revenue of $50.08 million during the quarter, compared to analyst estimates of $48.20 million. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The firm’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 fiscal year.

FIVN has been the subject of a number of recent analyst reports. Canaccord Genuity upped their price objective on shares of Five9 from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, September 27th. KeyCorp restated a “buy” rating and issued a $27.00 price objective on shares of Five9 in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Monday, November 13th. ValuEngine upgraded shares of Five9 from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Finally, BidaskClub cut shares of Five9 from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $26.50.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in Five9 by 31.4% in the 3rd quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock worth $36,598,000 after purchasing an additional 366,166 shares during the period. Sei Investments Co. boosted its stake in Five9 by 44.7% in the 3rd quarter. Sei Investments Co. now owns 19,283 shares of the software maker’s stock worth $461,000 after purchasing an additional 5,961 shares during the period. Wasatch Advisors Inc. acquired a new position in Five9 in the 2nd quarter worth $3,159,000. Swiss National Bank boosted its stake in Five9 by 9.0% in the 2nd quarter. Swiss National Bank now owns 70,600 shares of the software maker’s stock worth $1,519,000 after purchasing an additional 5,800 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Five9 by 173.2% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 101,052 shares of the software maker’s stock worth $2,415,000 after purchasing an additional 64,070 shares during the period. 93.37% of the stock is owned by hedge funds and other institutional investors.

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About Five9

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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