Insider Selling: Five9, Inc. (NASDAQ:FIVN) CAO Sells 1,395 Shares of Stock

Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani sold 1,395 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $30.51, for a total transaction of $42,561.45. Following the transaction, the chief accounting officer now owns 36,872 shares in the company, valued at $1,124,964.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Five9 Stock Performance

Shares of NASDAQ FIVN traded down $0.97 during midday trading on Friday, hitting $28.61. The company’s stock had a trading volume of 2,156,004 shares, compared to its average volume of 1,432,475. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15. Five9, Inc. has a 1-year low of $28.59 and a 1-year high of $92.40. The firm’s fifty day moving average price is $39.02 and its 200-day moving average price is $49.53. The firm has a market cap of $2.11 billion, a P/E ratio of -35.06 and a beta of 0.82.

Five9 (NASDAQ:FIVN) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.14. The company had revenue of $252.09 million during the quarter, compared to the consensus estimate of $244.54 million. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. On average, sell-side analysts forecast that Five9, Inc. will post -0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Five9

Several hedge funds and other institutional investors have recently modified their holdings of the company. Arcadia Investment Management Corp MI raised its stake in Five9 by 46.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after acquiring an additional 144 shares in the last quarter. US Bancorp DE lifted its holdings in Five9 by 1.4% in the fourth quarter. US Bancorp DE now owns 17,032 shares of the software maker’s stock worth $1,340,000 after purchasing an additional 228 shares during the period. Treasurer of the State of North Carolina increased its stake in Five9 by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 31,537 shares of the software maker’s stock valued at $2,482,000 after buying an additional 310 shares during the period. Quent Capital LLC raised its position in shares of Five9 by 8.7% during the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after buying an additional 352 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of Five9 by 8.4% in the fourth quarter. Corient Private Wealth LLC now owns 6,796 shares of the software maker’s stock valued at $535,000 after acquiring an additional 527 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analysts Set New Price Targets

FIVN has been the subject of several analyst reports. Piper Sandler reissued an “overweight” rating and issued a $47.00 price target on shares of Five9 in a research note on Wednesday, August 21st. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. BTIG Research reduced their target price on Five9 from $100.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 9th. Baird R W cut Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Robert W. Baird downgraded Five9 from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $90.00 to $40.00 in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $63.35.

Five9 Company Profile

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.