Leena Mansharamani Sells 1,135 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani sold 1,135 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $34,277.00. Following the sale, the chief accounting officer now directly owns 47,165 shares of the company’s stock, valued at $1,424,383. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Leena Mansharamani also recently made the following trade(s):

• On Tuesday, March 4th, Leena Mansharamani sold 1,517 shares of Five9 stock. The stock was sold at an average price of $33.23, for a total transaction of $50,409.91.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $29.48 on Friday. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $63.79. The firm’s 50-day simple moving average is $38.19 and its 200 day simple moving average is $35.82. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The stock has a market cap of $2.23 billion, a P/E ratio of -147.39, a P/E/G ratio of 9.41 and a beta of 1.01.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data 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 company had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. Equities analysts expect that Five9, Inc. will post 0.28 EPS for the current year.

Institutional Investors Weigh In On Five9

Hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new stake in Five9 in the third quarter worth about $811,000. State of New Jersey Common Pension Fund D raised its position in Five9 by 51.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 58,965 shares of the software maker’s stock worth $1,694,000 after acquiring an additional 20,040 shares in the last quarter. Natixis Advisors LLC bought a new stake in Five9 in the third quarter worth about $679,000. Quest Partners LLC bought a new stake in Five9 in the third quarter worth about $95,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Five9 in the third quarter worth about $1,716,000. 96.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FIVN has been the subject of a number of recent analyst reports. William Blair reissued an “outperform” rating on shares of Five9 in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Five9 in a report on Friday, February 21st. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Five9 in a report on Tuesday, December 17th. Barclays lifted their price objective 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, Rosenblatt Securities lifted their price objective on shares of Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.25.

Five9 Company Profile

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.