Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani Sells 1,517 Shares

Five9, Inc. (NASDAQ:FIVN - Get Free Report) CAO Leena Mansharamani sold 1,517 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.23, for a total value of $50,409.91. Following the completion of the transaction, the chief accounting officer now owns 48,300 shares in the company, valued at $1,605,009. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Five9 Stock Performance

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

Five9 (NASDAQ:FIVN - Get Free Report) last announced its earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) 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. Analysts predict that Five9, Inc. will post 0.28 EPS for the current fiscal year.

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Analyst Ratings Changes

FIVN has been the subject of several research reports. Barclays lifted their price target on Five9 from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Robert W. Baird lifted their target price on shares of Five9 from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. Wells Fargo & Company lowered shares of Five9 from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $55.00 to $40.00 in a research note on Tuesday, November 12th. Rosenblatt Securities raised their price target on shares of Five9 from $50.00 to $58.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald upped their price objective on shares of Five9 from $46.00 to $57.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Five9 currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.65.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new position in Five9 in the 3rd quarter valued at approximately $811,000. State of New Jersey Common Pension Fund D increased its position 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. WCM Investment Management LLC raised its stake in shares of Five9 by 14.6% in the third quarter. WCM Investment Management LLC now owns 384,592 shares of the software maker's stock valued at $11,057,000 after purchasing an additional 48,981 shares in the last quarter. Natixis Advisors LLC bought a new position in Five9 in the third quarter worth $679,000. Finally, Quest Partners LLC acquired a new stake in Five9 during the third quarter worth $95,000. 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.