Daniel P. Burkland Sells 3,628 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) CRO Daniel P. Burkland sold 3,628 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.57, for a total transaction of $110,907.96. Following the sale, the executive now owns 128,926 shares of the company’s stock, valued at $3,941,267.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Five9 Stock Down 3.3 %

Shares of FIVN traded down $0.97 on Friday, reaching $28.61. The company’s stock had a trading volume of 2,156,004 shares, compared to its average volume of 1,432,475. The stock has a market capitalization of $2.11 billion, a PE ratio of -35.06 and a beta of 0.82. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. Five9, Inc. has a twelve month low of $28.59 and a twelve month high of $92.40. The firm has a fifty day moving average of $39.02 and a 200-day moving average of $49.53.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.14. The company had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $244.54 million. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. Equities analysts predict that Five9, Inc. will post -0.09 EPS for the current year.

Institutional Trading of Five9

A number of hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI raised its position in Five9 by 46.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after purchasing an additional 144 shares during the period. Inceptionr LLC bought a new position in Five9 in the fourth quarter worth approximately $215,000. KLR Investment Advisors LLC bought a new position in shares of Five9 in the fourth quarter worth about $244,000. Cetera Advisors LLC purchased a new position in Five9 during the first quarter valued at approximately $226,000. Finally, ProShare Advisors LLC bought a new position in Five9 in the 1st quarter worth $247,000. 96.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FIVN has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective on Five9 from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Truist Financial reiterated a “buy” rating and set a $65.00 price target on shares of Five9 in a research report on Tuesday, August 27th. Morgan Stanley dropped their target price on shares of Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, June 14th. Robert W. Baird lowered Five9 from an “outperform” rating to a “neutral” rating and cut their target price for the company from $90.00 to $40.00 in a research note on Friday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price target on shares of Five9 in a research report on Wednesday, August 21st. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.