Five9, Inc. (NASDAQ:FIVN) CFO Sells $82,011.64 in Stock

Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 2,468 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $82,011.64. Following the completion of the transaction, the chief financial officer now owns 92,583 shares in the company, valued at $3,076,533.09. The trade was a 2.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Five9 Trading Down 4.2 %

Five9 stock opened at $32.89 on Friday. The stock has a market cap of $2.49 billion, a P/E ratio of -164.44, a PEG ratio of 9.41 and a beta of 0.93. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $63.79. The firm’s fifty day moving average price is $39.49 and its 200-day moving average price is $35.97. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The company had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.70 million. Equities research analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Five9

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC boosted its stake in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares during the period. Banque Transatlantique SA bought a new stake in Five9 during the 4th quarter valued at $36,000. Johnson Financial Group Inc. bought a new stake in Five9 during the 4th quarter valued at $47,000. Steward Partners Investment Advisory LLC raised its holdings in Five9 by 7,305.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock valued at $54,000 after buying an additional 1,315 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in Five9 during the 3rd quarter valued at $95,000. Institutional investors own 96.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on FIVN. Piper Sandler upped their price objective on Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. DA Davidson upped their price objective on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. William Blair reissued an “outperform” rating on shares of Five9 in a report on Friday, February 21st. Truist Financial reissued a “buy” rating and set a $65.00 target price on shares of Five9 in a report on Tuesday, December 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $52.00 target price on shares of Five9 in a report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.65.

Five9 Company Profile

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.