Five9 Inc. (FIVN) CEO Michael Burkland Sells 24,000 Shares
Five9 Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 24,000 shares of the business’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $14.14, for a total transaction of $339,360.00. Following the sale, the chief executive officer now directly owns 953,000 shares in the company, valued at $13,475,420. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Michael Burkland also recently made the following trade(s):
- On Thursday, September 15th, Michael Burkland sold 24,000 shares of Five9 stock. The shares were sold at an average price of $14.40, for a total transaction of $345,600.00.
- On Friday, August 19th, Michael Burkland sold 12,000 shares of Five9 stock. The shares were sold at an average price of $14.01, for a total transaction of $168,120.00.
- On Thursday, August 4th, Michael Burkland sold 8,000 shares of Five9 stock. The shares were sold at an average price of $13.22, for a total transaction of $105,760.00.
Shares of Five9 Inc. (NASDAQ:FIVN) traded down 0.50% on Tuesday, hitting $14.02. 191,165 shares of the company’s stock were exchanged. Five9 Inc. has a 12-month low of $3.94 and a 12-month high of $16.40. The company’s 50-day moving average price is $14.89 and its 200 day moving average price is $12.18. The stock’s market cap is $736.81 million.
Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.05. Five9 had a negative net margin of 12.36% and a negative return on equity of 65.04%. The firm had revenue of $38.90 million for the quarter, compared to analyst estimates of $36.86 million. During the same period last year, the business earned ($0.10) EPS. Five9’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, equities analysts predict that Five9 Inc. will post ($0.14) earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. Bogle Investment Management L P DE increased its position in shares of Five9 by 1.0% in the first quarter. Bogle Investment Management L P DE now owns 247,213 shares of the company’s stock valued at $2,197,000 after buying an additional 2,482 shares during the last quarter. Harvest Capital Strategies LLC acquired a new position in shares of Five9 during the first quarter valued at about $667,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Five9 during the first quarter valued at about $164,000. Hamilton Lane Advisors LLC acquired a new position in shares of Five9 during the second quarter valued at about $292,000. Finally, Bollard Group LLC acquired a new position in shares of Five9 during the second quarter valued at about $254,000. Hedge funds and other institutional investors own 83.84% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Barclays PLC reissued a “buy” rating on shares of Five9 in a report on Sunday, July 17th. Needham & Company LLC upped their price target on shares of Five9 from $11.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Tuesday, October 4th. Finally, Bank of America Corp. lowered shares of Five9 from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $14.56.
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. It facilitates over three billion interactions between its 2,000 clients and clients’ customers per year.
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