Five9, Inc. (NASDAQ:FIVN) CEO Sells $521,391.60 in Stock

Five9, Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 12,594 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $41.40, for a total value of $521,391.60. Following the sale, the chief executive officer now owns 240,894 shares of the company’s stock, valued at $9,973,011.60. The trade was a 4.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Five9 Trading Up 1.7 %

Shares of FIVN stock opened at $42.48 on Friday. Five9, Inc. has a 1-year low of $26.60 and a 1-year high of $85.00. The firm has a market cap of $3.19 billion, a PE ratio of -84.96, a price-to-earnings-growth ratio of 25.63 and a beta of 0.92. The company has a 50-day moving average of $34.11 and a two-hundred day moving average of $37.07. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price objective on shares of Five9 in a research note on Friday, November 8th. Rosenblatt Securities raised their target price on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company lowered Five9 from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $55.00 to $40.00 in a research report on Tuesday, November 12th. Finally, Robert W. Baird lifted their price objective on Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.22.

Institutional Trading of Five9

Several institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in shares of Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after buying an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Five9 during the 2nd quarter worth about $57,000. Quest Partners LLC purchased a new position in Five9 during the 3rd quarter valued at about $95,000. Cetera Advisors LLC acquired a new position in Five9 in the 1st quarter valued at about $226,000. Finally, nVerses Capital LLC purchased a new stake in Five9 during the third quarter worth about $141,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.