Leena Mansharamani Sells 2,951 Shares of Five9 (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani sold 2,951 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $20.41, for a total transaction of $60,229.91. Following the completion of the sale, the chief accounting officer directly owned 38,571 shares in the company, valued at approximately $787,234.11. This trade represents a 7.11% 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 0.4%

Shares of NASDAQ FIVN traded down $0.09 during trading hours on Friday, hitting $20.65. The company’s stock had a trading volume of 1,991,535 shares, compared to its average volume of 1,962,961. Five9, Inc. has a 12 month low of $17.71 and a 12 month high of $49.90. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 57.36, a P/E/G ratio of 1.27 and a beta of 1.35. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.61 and a current ratio of 4.61. The business has a 50-day simple moving average of $21.62 and a 200-day simple moving average of $25.00.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%.The firm had revenue of $283.27 million for the quarter. On average, analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Five9 announced that its board has authorized a stock buyback plan on Tuesday, November 11th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the software maker to repurchase up to 3.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Herald Investment Management Ltd boosted its holdings in shares of Five9 by 24.4% during the 2nd quarter. Herald Investment Management Ltd now owns 262,000 shares of the software maker’s stock valued at $6,927,000 after acquiring an additional 51,400 shares during the last quarter. Fox Run Management L.L.C. boosted its holdings in shares of Five9 by 68.7% in the second quarter. Fox Run Management L.L.C. now owns 31,508 shares of the software maker’s stock worth $834,000 after buying an additional 12,826 shares during the last quarter. Rock Creek Group LP bought a new position in Five9 in the second quarter worth approximately $1,986,000. Gagnon Securities LLC grew its position in shares of Five9 by 7.5% during the 2nd quarter. Gagnon Securities LLC now owns 407,452 shares of the software maker’s stock valued at $10,789,000 after acquiring an additional 28,393 shares during the period. Finally, Asset Management One Co. Ltd. bought a new position in Five9 in the 2nd quarter worth $297,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FIVN has been the topic of several research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Five9 in a research report on Monday. Wells Fargo & Company lowered their price objective on Five9 from $28.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Morgan Stanley set a $30.00 target price on shares of Five9 in a research report on Tuesday, October 21st. Zacks Research lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Barclays dropped their price objective on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.19.

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.