Five9, Inc. (NASDAQ:FIVN – Get Free Report) CAO Leena Mansharamani sold 1,253 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $31.53, for a total transaction of $39,507.09. Following the completion of the transaction, the chief accounting officer directly owned 52,417 shares in the company, valued at $1,652,708.01. The trade was a 2.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Leena Mansharamani also recently made the following trade(s):
- On Friday, September 4th, Leena Mansharamani sold 2,706 shares of Five9 stock. The shares were sold at an average price of $33.35, for a total transaction of $90,245.10.
- On Thursday, September 3rd, Leena Mansharamani sold 2,658 shares of Five9 stock. The shares were sold at an average price of $34.22, for a total transaction of $90,956.76.
Five9 Stock Performance
FIVN stock traded down $2.04 during mid-day trading on Tuesday, hitting $31.23. 1,828,543 shares of the company were exchanged, compared to its average volume of 1,624,458. The business has a 50 day simple moving average of $29.04 and a 200-day simple moving average of $22.33. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $2.39 billion, a PE ratio of 45.26 and a beta of 1.48. Five9, Inc. has a 1-year low of $13.29 and a 1-year high of $35.18.
Wall Street Analysts Forecast Growth
FIVN has been the topic of a number of research analyst reports. DA Davidson raised their price target on shares of Five9 from $22.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. UBS Group reissued a “positive” rating on shares of Five9 in a research note on Monday, August 31st. Zacks Research upgraded shares of Five9 from a “hold” rating to a “strong-buy” rating in a report on Friday, August 28th. Barclays boosted their price objective on Five9 from $25.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Finally, Canaccord Genuity Group lifted their price target on Five9 from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.14.
Get Our Latest Research Report on Five9
Institutional Investors Weigh In On Five9
A number of institutional investors have recently made changes to their positions in FIVN. EverSource Wealth Advisors LLC increased its stake in shares of Five9 by 378.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock valued at $26,000 after buying an additional 1,367 shares during the period. Quarry LP acquired a new position in shares of Five9 in the third quarter worth approximately $33,000. Optiver Holding B.V. lifted its stake in shares of Five9 by 575.9% in the first quarter. Optiver Holding B.V. now owns 2,325 shares of the software maker’s stock worth $35,000 after acquiring an additional 1,981 shares during the period. Rothschild Investment LLC boosted its holdings in Five9 by 3,572.0% in the fourth quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker’s stock valued at $37,000 after acquiring an additional 1,786 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in Five9 in the first quarter valued at approximately $38,000. Institutional investors own 96.64% of the company’s stock.
About Five9
Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.
Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.
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