Five9 Inc (FIVN) President Daniel P. Burkland Sells 15,000 Shares

Five9 Inc (NASDAQ:FIVN) President Daniel P. Burkland sold 15,000 shares of Five9 stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $55.14, for a total transaction of $827,100.00. Following the transaction, the president now directly owns 190,461 shares in the company, valued at $10,502,019.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of FIVN traded down $3.11 during trading on Friday, reaching $53.38. 730,953 shares of the company traded hands, compared to its average volume of 901,440. Five9 Inc has a twelve month low of $26.92 and a twelve month high of $57.90. The stock has a market cap of $3.28 billion, a PE ratio of 355.87 and a beta of 0.63. The company has a debt-to-equity ratio of 1.41, a current ratio of 6.96 and a quick ratio of 6.96.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Tuesday, February 19th. The software maker reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.10. Five9 had a negative net margin of 0.09% and a positive return on equity of 7.20%. The business had revenue of $72.34 million during the quarter, compared to analysts’ expectations of $66.53 million. As a group, sell-side analysts expect that Five9 Inc will post -0.05 earnings per share for the current fiscal year.

A number of equities analysts have commented on the stock. Canaccord Genuity lifted their target price on shares of Five9 from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Tuesday. SunTrust Banks lifted their target price on shares of Five9 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. KeyCorp reaffirmed a “hold” rating on shares of Five9 in a research note on Tuesday, February 19th. Finally, BidaskClub downgraded shares of Five9 from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $52.92.

Institutional investors and hedge funds have recently made changes to their positions in the business. Flinton Capital Management LLC acquired a new position in shares of Five9 in the fourth quarter valued at approximately $30,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Five9 in the fourth quarter valued at approximately $34,000. Private Capital Group LLC grew its holdings in shares of Five9 by 263.4% in the fourth quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock valued at $46,000 after purchasing an additional 769 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Five9 by 58.3% in the fourth quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock valued at $49,000 after purchasing an additional 418 shares in the last quarter. Finally, Strs Ohio grew its holdings in shares of Five9 by 112.5% in the fourth quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock valued at $148,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 99.94% of the company’s stock.

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About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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