Insider Selling: Five9, Inc. (NASDAQ:FIVN) EVP Sells 7,619 Shares of Stock

Five9, Inc. (NASDAQ:FIVN - Get Free Report) EVP Panos Kozanian sold 7,619 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the sale, the executive vice president now directly owns 126,359 shares of the company's stock, valued at approximately $4,220,390.60. This trade represents a 5.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Panos Kozanian also recently made the following trade(s):

• On Wednesday, December 4th, Panos Kozanian sold 7,619 shares of Five9 stock. The stock was sold at an average price of $42.09, for a total transaction of $320,683.71.

Five9 Stock Performance

NASDAQ:FIVN traded down $0.41 during midday trading on Friday, hitting $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 firm's 50 day moving average is $39.31 and its 200-day moving average is $35.95. 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 firm has a market cap of $2.46 billion, a P/E ratio of -162.39, a P/E/G ratio of 9.41 and a beta of 0.93.

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Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Equities analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on FIVN shares. DA Davidson increased their price target on shares of Five9 from $40.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Piper Sandler increased their price target on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. William Blair reissued an "outperform" rating on shares of Five9 in a research 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 report on Friday, February 21st. Finally, Morgan Stanley increased their price target on shares of Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $57.65.

Hedge Funds Weigh In On Five9

Hedge funds and other institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its holdings in Five9 by 14.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker's stock worth $47,919,000 after buying an additional 210,836 shares during the period. Gagnon Securities LLC grew its stake in shares of Five9 by 10.4% during the 4th quarter. Gagnon Securities LLC now owns 366,096 shares of the software maker's stock worth $14,878,000 after purchasing an additional 34,597 shares during the period. Vestcor Inc grew its stake in shares of Five9 by 42.9% during the 3rd quarter. Vestcor Inc now owns 50,000 shares of the software maker's stock worth $1,437,000 after purchasing an additional 15,000 shares during the period. Fisher Asset Management LLC grew its stake in shares of Five9 by 14.9% during the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker's stock worth $21,891,000 after purchasing an additional 98,543 shares during the period. Finally, Barclays PLC grew its stake in shares of Five9 by 215.8% during the 3rd quarter. Barclays PLC now owns 242,187 shares of the software maker's stock worth $6,956,000 after purchasing an additional 165,487 shares during the period. 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.