Leena Mansharamani Sells 1,135 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN - Get Free Report) CAO Leena Mansharamani sold 1,135 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,165 shares in the company, valued at $1,424,383. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Leena Mansharamani also recently made the following trade(s):

• On Tuesday, March 4th, Leena Mansharamani sold 1,517 shares of Five9 stock. The stock was sold at an average price of $33.23, for a total value of $50,409.91.

Five9 Price Performance

NASDAQ:FIVN traded up $0.62 during mid-day trading on Monday, reaching $30.10. The stock had a trading volume of 459,786 shares, compared to its average volume of 1,648,477. The stock has a 50-day simple moving average of $38.19 and a two-hundred day simple moving average of $35.84. The stock has a market capitalization of $2.28 billion, a PE ratio of -150.42, a P/E/G ratio of 9.41 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $63.79.

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Five9 (NASDAQ:FIVN - Get Free Report) last posted its 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). Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The company had revenue of $278.66 million for the quarter, compared to the consensus estimate of $267.70 million. On average, equities analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current year.

Hedge Funds Weigh In On Five9

Several hedge funds and other institutional investors have recently bought and sold shares of FIVN. Janney Montgomery Scott LLC acquired a new position in Five9 in the third quarter valued at $811,000. State of New Jersey Common Pension Fund D raised its holdings in shares of Five9 by 51.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,965 shares of the software maker's stock valued at $1,694,000 after purchasing an additional 20,040 shares during the period. Natixis Advisors LLC acquired a new position in shares of Five9 during the third quarter valued at about $679,000. Quest Partners LLC acquired a new position in shares of Five9 during the third quarter valued at about $95,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Five9 during the third quarter valued at about $1,716,000. Institutional investors and hedge funds own 96.64% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FIVN shares. William Blair reissued an "outperform" rating on shares of Five9 in a research note on Thursday. Needham & Company LLC reaffirmed a "buy" rating and set a $52.00 price objective on shares of Five9 in a research note on Monday. Cantor Fitzgerald increased their target price on Five9 from $46.00 to $57.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Piper Sandler raised their price objective on Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Rosenblatt Securities raised their price objective on Five9 from $50.00 to $58.00 and gave the company a "buy" rating in a report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Five9 has an average rating of "Moderate Buy" and a consensus target price of $56.25.

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.