Five9, Inc. (NASDAQ:FIVN) CAO Sells $55,630.18 in Stock

Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani sold 1,346 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.33, for a total transaction of $55,630.18. Following the completion of the sale, the chief accounting officer now directly owns 35,526 shares in the company, valued at approximately $1,468,289.58. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Five9 Stock Up 1.7 %

NASDAQ:FIVN traded up $0.71 during trading hours on Friday, hitting $42.48. 945,420 shares of the company traded hands, compared to its average volume of 1,519,590. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a market cap of $3.19 billion, a PE ratio of -84.96, a PEG ratio of 25.02 and a beta of 0.92. Five9, Inc. has a one year low of $26.60 and a one year high of $85.00. The firm’s 50-day simple moving average is $34.11 and its 200-day simple moving average is $37.17.

Institutional Trading of Five9

Several hedge funds have recently made changes to their positions in FIVN. Cetera Advisors LLC bought a new position in Five9 in the 1st quarter worth about $226,000. Mirador Capital Partners LP increased its position in shares of Five9 by 12.2% during the second quarter. Mirador Capital Partners LP now owns 19,706 shares of the software maker’s stock valued at $869,000 after acquiring an additional 2,142 shares in the last quarter. Raymond James & Associates raised its stake in Five9 by 10.6% during the 2nd quarter. Raymond James & Associates now owns 96,034 shares of the software maker’s stock valued at $4,235,000 after buying an additional 9,167 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Five9 during the 2nd quarter valued at about $2,177,000. Finally, Summit Global Investments increased its holdings in Five9 by 68.5% during the second quarter. Summit Global Investments now owns 10,780 shares of the software maker’s stock valued at $475,000 after buying an additional 4,383 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FIVN has been the topic of a number of research reports. Piper Sandler upped their target price on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and set a $48.00 price objective on shares of Five9 in a research note on Friday, November 8th. Northland Securities dropped their price objective on Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Truist Financial restated a “buy” rating and set a $65.00 target price on shares of Five9 in a research note on Tuesday, August 27th. Finally, StockNews.com upgraded Five9 from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Five9 presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.22.

Five9 Company Profile

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.