Five9, Inc. (NASDAQ:FIVN) CAO Sells $50,409.91 in Stock

Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani sold 1,517 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $50,409.91. Following the sale, the chief accounting officer now owns 48,300 shares of the company’s stock, valued at approximately $1,605,009. This represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $32.48 on Friday. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $63.79. The company has a 50 day simple moving average of $39.31 and a two-hundred day simple moving average of $35.96. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of -162.39, a P/E/G ratio of 9.41 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. Analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Analyst Ratings Changes

FIVN has been the subject of a number of analyst reports. Rosenblatt Securities increased their target price on shares of Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Wells Fargo & Company lowered shares of Five9 from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $55.00 to $40.00 in a report on Tuesday, November 12th. Robert W. Baird increased their target price on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Barclays increased their target price on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald increased their target price on shares of Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $57.65.

Institutional Investors Weigh In On Five9

Institutional investors and hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in shares of Five9 by 14.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock valued at $47,919,000 after acquiring an additional 210,836 shares in the last quarter. Gagnon Securities LLC increased its position in shares of Five9 by 10.4% during the fourth quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker’s stock valued at $14,878,000 after acquiring an additional 34,597 shares in the last quarter. Vestcor Inc increased its position in shares of Five9 by 42.9% during the third quarter. Vestcor Inc now owns 50,000 shares of the software maker’s stock valued at $1,437,000 after acquiring an additional 15,000 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Five9 by 14.9% during the third quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock valued at $21,891,000 after acquiring an additional 98,543 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Five9 by 215.8% during the third quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock valued at $6,956,000 after acquiring an additional 165,487 shares in the last quarter. Institutional investors 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, India, 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.