Panos Kozanian Sells 7,619 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) EVP Panos Kozanian sold 7,619 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the sale, the executive vice president now owns 126,359 shares of the company’s stock, valued at approximately $4,220,390.60. The trade was a 5.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Panos Kozanian also recently made the following trade(s):

• On Wednesday, December 4th, Panos Kozanian sold 7,619 shares of Five9 stock. The shares were sold at an average price of $42.09, for a total value of $320,683.71.

Five9 Trading Up 3.0 %

Shares of FIVN opened at $34.34 on Thursday. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $63.79. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The stock has a 50 day simple moving average of $39.68 and a 200-day simple moving average of $35.99. The stock has a market cap of $2.60 billion, a PE ratio of -171.69, a PEG ratio of 9.41 and a beta of 0.93.

Five9 (NASDAQ:FIVN) last released its quarterly 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 analyst estimates of $267.70 million. On average, sell-side analysts predict that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FIVN. Cantor Fitzgerald increased their target price on Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Barclays raised their price objective on Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley raised their price objective on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. William Blair reiterated an “outperform” rating on shares of Five9 in a research report on Friday, February 21st. Finally, Rosenblatt Securities raised their price objective on Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Five9 presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.65.

Institutional Investors Weigh In On Five9

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC increased its holdings in Five9 by 2.4% during the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock valued at $320,620,000 after purchasing an additional 259,820 shares in the last quarter. Sylebra Capital LLC increased its holdings in Five9 by 59.4% during the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after purchasing an additional 1,396,496 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Five9 by 353.3% during the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock valued at $97,356,000 after purchasing an additional 1,867,137 shares in the last quarter. Norges Bank acquired a new stake in Five9 during the 4th quarter valued at $81,280,000. Finally, Wellington Management Group LLP boosted its position in Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after buying an additional 601,348 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

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.