Daniel P. Burkland Sells 2,637 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) CRO Daniel P. Burkland sold 2,637 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $43.55, for a total value of $114,841.35. Following the transaction, the executive now directly owns 130,079 shares of the company’s stock, valued at approximately $5,664,940.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Five9 Price Performance

FIVN stock traded down $0.60 during midday trading on Monday, reaching $40.17. The company had a trading volume of 1,268,305 shares, compared to its average volume of 1,294,286. Five9, Inc. has a 1 year low of $39.07 and a 1 year high of $92.40. The company has a market capitalization of $2.97 billion, a P/E ratio of -47.96 and a beta of 0.82. The firm has a 50-day moving average price of $43.55 and a 200-day moving average price of $56.31. The company has a debt-to-equity ratio of 2.41, a current ratio of 7.02 and a quick ratio of 7.02.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, May 2nd. The software maker reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.13. The firm had revenue of $247.01 million for the quarter, compared to analyst estimates of $239.72 million. Five9 had a negative net margin of 6.56% and a negative return on equity of 9.09%. On average, research analysts anticipate that Five9, Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of Five9

Several large investors have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI lifted its holdings in shares of Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after buying an additional 144 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted its position in shares of Five9 by 139.5% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 479 shares of the software maker’s stock valued at $38,000 after buying an additional 279 shares during the last quarter. Headlands Technologies LLC lifted its position in shares of Five9 by 136.0% during the fourth quarter. Headlands Technologies LLC now owns 531 shares of the software maker’s stock valued at $42,000 after buying an additional 306 shares during the last quarter. Quent Capital LLC raised its position in shares of Five9 by 8.7% in the 2nd quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock valued at $193,000 after purchasing an additional 352 shares during the last quarter. Finally, Intrust Bank NA purchased a new position in Five9 during the 4th quarter worth approximately $202,000. 96.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FIVN has been the topic of a number of recent research reports. Bank of America upgraded Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Monday. Morgan Stanley lowered their target price on Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th. Piper Sandler reduced their price objective on Five9 from $86.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Canaccord Genuity Group decreased their target price on Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Finally, StockNews.com lowered Five9 from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Five9 currently has a consensus rating of “Moderate Buy” and an average price target of $78.20.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.