Insider Selling: Five9, Inc. (NASDAQ:FIVN) EVP Sells 7,617 Shares of Stock

Five9, Inc. (NASDAQ:FIVN) EVP Panos Kozanian sold 7,617 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total transaction of $228,662.34. Following the completion of the transaction, the executive vice president now owns 76,628 shares of the company’s stock, valued at approximately $2,300,372.56. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Five9 Price Performance

Shares of FIVN traded down $0.97 during trading hours on Friday, hitting $28.61. 2,156,004 shares of the company were exchanged, compared to its average volume of 1,432,475. The firm’s fifty day moving average is $39.02 and its 200 day moving average is $49.53. Five9, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $92.40. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.39. The company has a market cap of $2.11 billion, a price-to-earnings ratio of -35.06 and a beta of 0.82.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.14. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. The firm had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $244.54 million. On average, equities analysts anticipate that Five9, Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FIVN. Needham & Company LLC reissued a “buy” rating and set a $48.00 price objective on shares of Five9 in a report on Wednesday, August 21st. Bank of America raised shares of Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, August 5th. Morgan Stanley cut their price objective on Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, June 14th. Barclays dropped their target price on Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $65.00 target price on shares of Five9 in a research report on Tuesday, August 27th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

Hedge Funds Weigh In On Five9

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Five9 by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 7,437,575 shares of the software maker’s stock worth $461,948,000 after buying an additional 150,786 shares during the period. Wasatch Advisors LP grew its stake in shares of Five9 by 1.9% in the 1st quarter. Wasatch Advisors LP now owns 3,459,581 shares of the software maker’s stock worth $214,875,000 after acquiring an additional 63,200 shares in the last quarter. Sylebra Capital LLC grew its position in Five9 by 28.4% in the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after purchasing an additional 666,681 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Five9 by 38.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock worth $64,257,000 after buying an additional 406,188 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its stake in Five9 by 52.3% in the second quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock valued at $57,307,000 after purchasing an additional 446,151 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.