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

Five9, Inc. (NASDAQ:FIVN - Get Free Report) CFO Barry Zwarenstein sold 2,468 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total transaction of $82,011.64. Following the transaction, the chief financial officer now directly owns 92,583 shares in the company, valued at approximately $3,076,533.09. The trade was a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Five9 Trading Down 6.0 %

FIVN traded down $1.94 during trading hours on Monday, reaching $30.54. The company's stock had a trading volume of 1,413,216 shares, compared to its average volume of 1,645,683. The business's 50-day moving average is $39.31 and its 200-day moving average is $35.97. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market cap of $2.32 billion, a PE ratio of -152.69, a P/E/G ratio of 9.41 and a beta of 1.01. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $63.79.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.44). The business had revenue of $278.66 million for the quarter, compared to analysts' expectations of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. As a group, equities research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

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Analyst Upgrades and Downgrades

Several research firms recently weighed in on FIVN. Cantor Fitzgerald upped their price target on shares of Five9 from $46.00 to $57.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. William Blair reissued an "outperform" rating on shares of Five9 in a report on Friday, February 21st. Piper Sandler lifted their price target on Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Needham & Company LLC reissued a "buy" rating and issued a $52.00 price objective on shares of Five9 in a research note on Friday, February 21st. Finally, Barclays raised 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. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Five9 has an average rating of "Moderate Buy" and an average target price of $57.65.

Institutional Investors Weigh In On Five9

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its holdings in Five9 by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker's stock valued at $156,000 after purchasing an additional 365 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Five9 by 2.0% in the fourth quarter. Arizona State Retirement System now owns 21,694 shares of the software maker's stock valued at $882,000 after buying an additional 424 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after buying an additional 520 shares during the period. Xponance Inc. raised its holdings in shares of Five9 by 6.1% in the 4th quarter. Xponance Inc. now owns 9,421 shares of the software maker's stock valued at $383,000 after buying an additional 539 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in Five9 by 1.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker's stock valued at $1,325,000 after acquiring an additional 590 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.