Five9, Inc. (NASDAQ:FIVN) CRO Sells $114,841.35 in Stock

Five9, Inc. (NASDAQ:FIVN) CRO Daniel P. Burkland sold 2,637 shares of Five9 stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $43.55, for a total transaction of $114,841.35. Following the sale, the executive now directly owns 130,079 shares of the company’s stock, valued at approximately $5,664,940.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Five9 Stock Performance

FIVN opened at $41.27 on Thursday. The company has a debt-to-equity ratio of 2.41, a current ratio of 7.02 and a quick ratio of 7.02. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of -48.55 and a beta of 0.82. The business’s 50-day moving average price is $43.18 and its two-hundred day moving average price is $55.81. Five9, Inc. has a 1 year low of $39.07 and a 1 year high of $92.40.

Analyst Ratings Changes

FIVN has been the topic of several recent research reports. UBS Group reduced their price target on Five9 from $90.00 to $81.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Barclays decreased their target price on Five9 from $95.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Five9 in a research report on Thursday, June 6th. Rosenblatt Securities restated a “buy” rating and set a $80.00 price objective on shares of Five9 in a report on Friday, May 3rd. Finally, Morgan Stanley cut their target price on shares of Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, June 14th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Five9 currently has an average rating of “Moderate Buy” and a consensus price target of $78.43.

Institutional Investors Weigh In On Five9

A number of hedge funds and other institutional investors have recently bought and sold shares of FIVN. Nordea Investment Management AB bought a new position in shares of Five9 during the 1st quarter worth approximately $3,239,000. International Assets Investment Management LLC bought a new position in Five9 in the fourth quarter valued at $1,684,000. Alberta Investment Management Corp acquired a new stake in Five9 in the 4th quarter valued at $2,254,000. Trexquant Investment LP bought a new stake in Five9 during the 4th quarter worth about $1,364,000. Finally, Tairen Capital Ltd acquired a new position in shares of Five9 during the 4th quarter worth about $5,836,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

About Five9

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.