Five9, Inc. (FIVN) EVP Sells $216,000.00 in Stock
Five9, Inc. (NASDAQ:FIVN) EVP Daniel P. Burkland sold 10,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $21.60, for a total transaction of $216,000.00. Following the completion of the transaction, the executive vice president now directly owns 173,498 shares in the company, valued at approximately $3,747,556.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Five9, Inc. (NASDAQ:FIVN) traded up 4.38% during mid-day trading on Friday, hitting $23.10. 1,415,402 shares of the company’s stock were exchanged. The stock’s market capitalization is $1.26 billion. The firm has a 50 day moving average of $21.64 and a 200 day moving average of $17.45. Five9, Inc. has a 52 week low of $10.75 and a 52 week high of $24.80.
Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, May 3rd. The software maker reported ($0.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. The company had revenue of $47.01 million for the quarter, compared to analysts’ expectations of $44.67 million. Five9 had a negative return on equity of 42.68% and a negative net margin of 7.13%. The business’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) earnings per share. Equities analysts forecast that Five9, Inc. will post ($0.02) earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on the stock. BidaskClub downgraded shares of Five9 from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research lowered shares of Five9 from a “buy” rating to a “hold” rating in a report on Tuesday. Canaccord Genuity restated a “buy” rating and issued a $20.00 price target on shares of Five9 in a research report on Monday, May 1st. Pacific Crest restated a “buy” rating and issued a $22.00 price target on shares of Five9 in a research report on Thursday, May 4th. Finally, Morgan Stanley started coverage on shares of Five9 in a research report on Tuesday, April 11th. They issued an “equal weight” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Five9 presently has a consensus rating of “Buy” and a consensus price target of $18.86.
Several hedge funds have recently added to or reduced their stakes in the company. Boothbay Fund Management LLC purchased a new stake in Five9 during the fourth quarter valued at $144,000. Oxford Asset Management bought a new position in Five9 during the first quarter worth approximately $174,000. Martingale Asset Management L P bought a new position in Five9 during the fourth quarter worth approximately $202,000. Bayesian Capital Management LP bought a new position in Five9 during the fourth quarter worth approximately $212,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Five9 during the third quarter worth approximately $218,000. Institutional investors own 91.82% of the company’s stock.
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. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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