Michael Burkland Sells 12,595 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN - Get Free Report) CEO Michael Burkland sold 12,595 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $35.63, for a total transaction of $448,759.85. Following the transaction, the chief executive officer now directly owns 404,056 shares of the company's stock, valued at approximately $14,396,515.28. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Five9 Price Performance

Five9 stock traded down $0.41 during midday trading on Friday, reaching $32.48. The company's stock had a trading volume of 1,695,150 shares, compared to its average volume of 1,650,906. 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. The stock's 50 day simple moving average is $39.31 and its 200 day simple moving average is $35.96. The firm has a market capitalization of $2.46 billion, a PE ratio of -162.39, a P/E/G ratio of 9.41 and a beta of 1.01.

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 (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). The firm had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. On average, equities research analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

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Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of Five9 from $40.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 18th. William Blair reaffirmed an "outperform" rating on shares of Five9 in a report on Friday, February 21st. Barclays increased their price target on shares of Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Needham & Company LLC reiterated a "buy" rating and issued a $52.00 price target on shares of Five9 in a research note on Friday, February 21st. Finally, Cantor Fitzgerald raised their target price 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. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $57.65.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its holdings in 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. Banque Transatlantique SA acquired a new stake in Five9 in the fourth quarter valued at approximately $36,000. Johnson Financial Group Inc. acquired a new stake in Five9 in the fourth quarter valued at approximately $47,000. Steward Partners Investment Advisory LLC grew its position in Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock valued at $107,000 after acquiring an additional 2,571 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

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.