Five9 Inc (NASDAQ:FIVN) Director Sells $260,800.00 in Stock

Five9 Inc (NASDAQ:FIVN) Director Michael J. Burdiek sold 4,000 shares of Five9 stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $65.20, for a total transaction of $260,800.00. Following the completion of the transaction, the director now directly owns 30,715 shares in the company, valued at $2,002,618. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Five9 stock traded down $0.61 during mid-day trading on Monday, reaching $64.80. The company had a trading volume of 534,900 shares, compared to its average volume of 797,681. Five9 Inc has a fifty-two week low of $35.37 and a fifty-two week high of $66.13. 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 company has a market cap of $3.87 billion, a P/E ratio of 432.00, a P/E/G ratio of 59.74 and a beta of 0.66. The business has a fifty day simple moving average of $56.80 and a 200 day simple moving average of $54.80.

Five9 (NASDAQ:FIVN) last issued its earnings results on Tuesday, November 5th. The software maker reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. Five9 had a negative net margin of 0.54% and a positive return on equity of 7.91%. The firm had revenue of $83.77 million for the quarter, compared to analyst estimates of $78.69 million. During the same quarter last year, the business posted $0.18 earnings per share. The company’s quarterly revenue was up 28.3% on a year-over-year basis. Research analysts forecast that Five9 Inc will post 0.11 EPS for the current year.

A number of brokerages recently issued reports on FIVN. Canaccord Genuity reissued a “buy” rating and issued a $70.00 price objective (up from $65.00) on shares of Five9 in a research note on Wednesday, November 6th. Roth Capital lifted their price objective on shares of Five9 from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Craig Hallum reissued a “buy” rating and issued a $72.00 price objective (up from $68.00) on shares of Five9 in a research note on Wednesday, November 6th. JPMorgan Chase & Co. raised shares of Five9 from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $59.00 to $70.00 in a research note on Thursday, August 1st. Finally, SunTrust Banks lifted their price objective on shares of Five9 to $66.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $64.46.

A number of institutional investors have recently modified their holdings of the business. Lisanti Capital Growth LLC acquired a new stake in Five9 in the third quarter valued at approximately $2,659,000. Focused Wealth Management Inc acquired a new stake in Five9 in the third quarter valued at approximately $64,000. BBVA USA Bancshares Inc. acquired a new stake in Five9 in the third quarter valued at approximately $511,000. Boston Advisors LLC boosted its position in Five9 by 50.1% in the third quarter. Boston Advisors LLC now owns 37,420 shares of the software maker’s stock valued at $2,011,000 after buying an additional 12,493 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Five9 by 5,538.5% in the third quarter. Tower Research Capital LLC TRC now owns 2,199 shares of the software maker’s stock valued at $118,000 after buying an additional 2,160 shares in the last quarter.

About Five9

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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