Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein Sells 2,468 Shares of Stock

Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 2,468 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $82,011.64. Following the completion of the sale, the chief financial officer now owns 92,583 shares of the company’s stock, valued at $3,076,533.09. This represents a 2.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Five9 Trading Down 4.2 %

Shares of FIVN stock opened at $32.89 on Friday. The stock’s fifty day moving average price is $39.49 and its two-hundred day moving average price is $35.97. The company has a market cap of $2.49 billion, a PE ratio of -164.44, a P/E/G ratio of 9.41 and a beta of 0.93. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $63.79. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Equities analysts predict that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Five9

Several hedge funds have recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Five9 by 2.4% during the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock valued at $320,620,000 after acquiring an additional 259,820 shares in the last quarter. Sylebra Capital LLC raised its position in Five9 by 59.4% during the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after purchasing an additional 1,396,496 shares during the last quarter. Ameriprise Financial Inc. raised its position in Five9 by 353.3% during the 4th quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock worth $97,356,000 after purchasing an additional 1,867,137 shares during the last quarter. Norges Bank bought a new position in shares of Five9 in the 4th quarter worth about $81,280,000. Finally, Wellington Management Group LLP raised its position in shares of Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock worth $72,496,000 after acquiring an additional 601,348 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analyst Ratings Changes

FIVN has been the subject of a number of recent analyst reports. Barclays upped their price objective on Five9 from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Truist Financial reissued a “buy” rating and issued a $65.00 target price on shares of Five9 in a research note on Tuesday, December 17th. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research report on Friday, February 21st. Wells Fargo & Company cut Five9 from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $52.00 price target on shares of Five9 in a research report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Five9 currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.65.

About Five9

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.