Five9 Inc (NASDAQ:FIVN) President Sells $314,538.66 in Stock

Five9 Inc (NASDAQ:FIVN) President Daniel P. Burkland sold 5,571 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $56.46, for a total value of $314,538.66. Following the completion of the sale, the president now directly owns 164,151 shares of the company’s stock, valued at $9,267,965.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NASDAQ:FIVN traded down $1.21 during mid-day trading on Friday, hitting $53.93. 51,763 shares of the stock were exchanged, compared to its average volume of 549,352. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 359.53, a price-to-earnings-growth ratio of 173.17 and a beta of 0.58. The firm’s 50-day simple moving average is $59.31 and its 200 day simple moving average is $53.41. The company has a debt-to-equity ratio of 1.27, a quick ratio of 6.41 and a current ratio of 6.41. Five9 Inc has a fifty-two week low of $34.66 and a fifty-two week high of $65.45.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, July 31st. The software maker reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.07. Five9 had a positive return on equity of 8.90% and a negative net margin of 0.47%. The business had revenue of $77.44 million during the quarter, compared to analysts’ expectations of $72.42 million. During the same period last year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was up 26.7% compared to the same quarter last year. On average, analysts predict that Five9 Inc will post 0.03 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of FIVN. Capital Investment Advisory Services LLC increased its stake in Five9 by 1,008.0% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 554 shares of the software maker’s stock worth $27,000 after acquiring an additional 504 shares during the period. NEXT Financial Group Inc bought a new position in Five9 during the 2nd quarter worth $39,000. Dorsey Wright & Associates increased its stake in Five9 by 33.3% during the 2nd quarter. Dorsey Wright & Associates now owns 788 shares of the software maker’s stock worth $40,000 after acquiring an additional 197 shares during the period. Private Capital Group LLC increased its stake in Five9 by 27.5% during the 2nd quarter. Private Capital Group LLC now owns 1,283 shares of the software maker’s stock worth $44,000 after acquiring an additional 277 shares during the period. Finally, James Investment Research Inc. bought a new position in Five9 during the 2nd quarter worth $70,000.

Several analysts recently weighed in on the company. BidaskClub cut Five9 from a “buy” rating to a “hold” rating in a report on Friday, September 6th. SunTrust Banks lifted their price target on Five9 to $66.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Dougherty & Co raised Five9 from a “neutral” rating to a “buy” rating in a report on Thursday, August 1st. Rosenblatt Securities assumed coverage on Five9 in a report on Wednesday, September 4th. They set a “neutral” rating and a $73.00 price target for the company. Finally, Zacks Investment Research cut Five9 from a “buy” rating to a “hold” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $58.83.

Five9 Company Profile

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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