Five9, Inc. (NASDAQ:FIVN – Get Free Report) CAO Leena Mansharamani sold 2,658 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $34.22, for a total value of $90,956.76. Following the completion of the transaction, the chief accounting officer directly owned 56,376 shares in the company, valued at $1,929,186.72. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 Tuesday, September 8th, Leena Mansharamani sold 1,253 shares of Five9 stock. The stock was sold at an average price of $31.53, for a total value of $39,507.09.
- 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 value of $90,245.10.
Five9 Price Performance
FIVN traded down $2.04 during trading on Tuesday, hitting $31.23. The company’s stock had a trading volume of 1,828,543 shares, compared to its average volume of 1,624,458. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 45.26 and a beta of 1.48. The firm’s 50 day moving average price is $29.04 and its two-hundred day moving average price is $22.33. Five9, Inc. has a 12 month low of $13.29 and a 12 month high of $35.18.
Wall Street Analyst Weigh In
Several research firms have weighed in on FIVN. Canaccord Genuity Group raised their price objective on shares of Five9 from $33.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Truist Financial increased their price target on shares of Five9 from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Barclays boosted their price objective on shares of Five9 from $25.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. DA Davidson upped their price objective on Five9 from $22.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, UBS Group reiterated a “positive” rating on shares of Five9 in a research report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.14.
Get Our Latest Research Report on Five9
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in Five9 by 0.8% in the second quarter. California State Teachers Retirement System now owns 69,189 shares of the software maker’s stock worth $1,832,000 after purchasing an additional 549 shares during the period. Franklin Resources Inc. grew its holdings in shares of Five9 by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 56,303 shares of the software maker’s stock valued at $1,129,000 after buying an additional 807 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Five9 by 378.7% in the 1st 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 in the last quarter. Quarry LP bought a new stake in shares of Five9 in the 3rd quarter valued at $33,000. Finally, Advisory Services Network LLC acquired a new stake in Five9 during the 3rd quarter worth $38,000. Institutional investors and hedge funds 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.
See Also
- Five stocks we like better than Five9
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.
