Five9, Inc. (NASDAQ:FIVN) CFO Sells $438,808.24 in Stock

Five9, Inc. (NASDAQ:FIVNGet Free Report) CFO Barry Zwarenstein sold 10,291 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $42.64, for a total transaction of $438,808.24. Following the completion of the sale, the chief financial officer now owns 107,255 shares in the company, valued at $4,573,353.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Five9 Price Performance

Shares of NASDAQ:FIVN opened at $41.74 on Friday. The company has a current ratio of 7.02, a quick ratio of 7.02 and a debt-to-equity ratio of 2.41. Five9, Inc. has a 1 year low of $40.82 and a 1 year high of $92.40. The business has a fifty day simple moving average of $52.99 and a 200 day simple moving average of $65.23. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -49.11 and a beta of 0.81.

Five9 (NASDAQ:FIVNGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The software maker reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.13. Five9 had a negative return on equity of 9.09% and a negative net margin of 6.56%. The business had revenue of $247.01 million during the quarter, compared to analyst estimates of $239.72 million. As a group, sell-side analysts predict that Five9, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of Five9

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cota Capital Management LLC purchased a new stake in shares of Five9 during the first quarter worth $1,021,000. Kopp LeRoy C bought a new position in Five9 during the first quarter valued at about $14,751,000. Cetera Advisors LLC bought a new position in Five9 during the first quarter valued at about $226,000. Sylebra Capital LLC raised its holdings in Five9 by 1.5% during the first quarter. Sylebra Capital LLC now owns 2,347,108 shares of the software maker’s stock valued at $145,779,000 after buying an additional 34,681 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in Five9 during the first quarter valued at about $1,161,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays dropped their price target on shares of Five9 from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. KeyCorp cut their price target on shares of Five9 from $93.00 to $86.00 and set an “overweight” rating on the stock in a report on Thursday, February 22nd. Canaccord Genuity Group reduced their price target on shares of Five9 from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. UBS Group lowered their price objective on shares of Five9 from $90.00 to $81.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Finally, Royal Bank of Canada started coverage on Five9 in a report on Friday, March 15th. They issued an “outperform” rating and a $80.00 target price for the company. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Five9 currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.71.

Read Our Latest Research Report on FIVN

Five9 Company Profile

(Get Free Report)

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.

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