Five9 Inc (NASDAQ:FIVN) CMO Sells $1,163,263.26 in Stock

Five9 Inc (NASDAQ:FIVN) CMO Ryan Kam sold 18,094 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.29, for a total transaction of $1,163,263.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

NASDAQ:FIVN traded down $0.61 on Monday, hitting $64.80. The company had a trading volume of 534,900 shares, compared to its average volume of 797,681. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 432.00, a PEG ratio of 59.74 and a beta of 0.66. The company has a current ratio of 6.09, a quick ratio of 6.09 and a debt-to-equity ratio of 1.19. The firm has a 50 day moving average of $56.80 and a two-hundred day moving average of $54.80. Five9 Inc has a 52 week low of $35.37 and a 52 week high of $66.13.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The business had revenue of $83.77 million during the quarter, compared to the consensus estimate of $78.69 million. Five9 had a negative net margin of 0.54% and a positive return on equity of 7.91%. The firm’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 EPS. As a group, equities analysts forecast that Five9 Inc will post 0.11 EPS for the current year.

Several analysts recently issued reports on the stock. Rosenblatt Securities upgraded shares of Five9 from a “neutral” rating to a “buy” rating and increased their price target for the stock from $66.00 to $75.00 in a research report on Wednesday, November 13th. JPMorgan Chase & Co. upgraded shares of Five9 from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $59.00 to $70.00 in a research report on Thursday, August 1st. KeyCorp reiterated a “hold” rating on shares of Five9 in a research report on Wednesday, July 31st. SunTrust Banks increased their price target on shares of Five9 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, ValuEngine upgraded shares of Five9 from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $64.46.

A number of large investors have recently modified their holdings of FIVN. Nuveen Asset Management LLC bought a new position in Five9 in the 2nd quarter valued at approximately $44,653,000. Riverbridge Partners LLC bought a new position in Five9 in the 2nd quarter valued at approximately $28,158,000. First Trust Advisors LP lifted its stake in Five9 by 435.6% in the 2nd quarter. First Trust Advisors LP now owns 438,698 shares of the software maker’s stock valued at $22,501,000 after purchasing an additional 356,792 shares during the last quarter. Morgan Stanley lifted its stake in Five9 by 50.6% in the 2nd quarter. Morgan Stanley now owns 667,412 shares of the software maker’s stock valued at $34,231,000 after purchasing an additional 224,195 shares during the last quarter. Finally, Tremblant Capital Group lifted its stake in Five9 by 26.5% in the 2nd quarter. Tremblant Capital Group now owns 940,677 shares of the software maker’s stock valued at $48,247,000 after purchasing an additional 197,062 shares during the last quarter.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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