Rowan M. Trollope Sells 2,024 Shares of Five9 Inc (NASDAQ:FIVN) Stock

Five9 Inc (NASDAQ:FIVN) CEO Rowan M. Trollope sold 2,024 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $56.93, for a total value of $115,226.32. Following the completion of the sale, the chief executive officer now directly owns 395,456 shares in the company, valued at $22,513,310.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NASDAQ FIVN traded down $1.21 during midday trading on Friday, hitting $53.93. The stock had a trading volume of 405,440 shares, compared to its average volume of 549,352. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 359.53, a PEG ratio of 173.17 and a beta of 0.58. Five9 Inc has a 1-year low of $34.66 and a 1-year high of $65.45. The company has a quick ratio of 6.41, a current ratio of 6.41 and a debt-to-equity ratio of 1.27. The company has a fifty day moving average price of $59.31 and a 200 day moving average price of $53.41.

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

FIVN has been the topic of a number of research analyst reports. KeyCorp reissued a “hold” rating on shares of Five9 in a research note on Wednesday, July 31st. Rosenblatt Securities initiated coverage on Five9 in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $73.00 price target on the stock. BidaskClub lowered Five9 from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Canaccord Genuity raised their price target on Five9 from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, SunTrust Banks raised their price target on Five9 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $58.83.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIVN. Geode Capital Management LLC lifted its stake in shares of Five9 by 9.8% in the 4th quarter. Geode Capital Management LLC now owns 653,681 shares of the software maker’s stock valued at $28,578,000 after purchasing an additional 58,150 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Five9 in the 1st quarter valued at about $722,000. Comerica Bank lifted its stake in shares of Five9 by 5.6% in the 1st quarter. Comerica Bank now owns 34,915 shares of the software maker’s stock valued at $1,764,000 after purchasing an additional 1,856 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Five9 by 6.2% in the 1st quarter. California Public Employees Retirement System now owns 109,143 shares of the software maker’s stock valued at $5,766,000 after purchasing an additional 6,413 shares in the last quarter. Finally, First Mercantile Trust Co. acquired a new position in shares of Five9 in the 1st quarter valued at about $99,000.

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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