Five9 Inc (NASDAQ:FIVN) Director Michael Burkland sold 24,000 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $30.89, for a total transaction of $741,360.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Michael Burkland also recently made the following trade(s):
- On Tuesday, March 6th, Michael Burkland sold 227,341 shares of Five9 stock. The stock was sold at an average price of $30.89, for a total transaction of $7,022,563.49.
- On Thursday, February 15th, Michael Burkland sold 24,000 shares of Five9 stock. The stock was sold at an average price of $26.54, for a total transaction of $636,960.00.
- On Tuesday, January 16th, Michael Burkland sold 24,000 shares of Five9 stock. The stock was sold at an average price of $23.78, for a total transaction of $570,720.00.
Five9 Inc (FIVN) opened at $31.30 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.35 and a current ratio of 2.35. Five9 Inc has a 1 year low of $15.91 and a 1 year high of $32.47.
Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, February 21st. The software maker reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Five9 had a negative net margin of 4.48% and a negative return on equity of 24.94%. The company had revenue of $55.40 million during the quarter, compared to analyst estimates of $52.31 million. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. equities research analysts forecast that Five9 Inc will post -0.15 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Fortaleza Asset Management Inc. bought a new position in shares of Five9 in the fourth quarter valued at approximately $157,000. Xact Kapitalforvaltning AB bought a new stake in Five9 during the fourth quarter valued at approximately $201,000. Envestnet Asset Management Inc. bought a new stake in Five9 during the third quarter valued at approximately $195,000. Janney Montgomery Scott LLC bought a new stake in Five9 during the third quarter valued at approximately $211,000. Finally, Invictus RG bought a new stake in Five9 during the fourth quarter valued at approximately $267,000. Institutional investors own 92.66% of the company’s stock.
Several research analysts recently issued reports on FIVN shares. BidaskClub raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 3rd. Roth Capital reiterated a “buy” rating on shares of Five9 in a report on Thursday, February 22nd. Barclays reiterated an “equal weight” rating and issued a $28.00 target price (up previously from $27.00) on shares of Five9 in a report on Thursday, February 22nd. KeyCorp restated an “equal weight” rating on shares of Five9 in a report on Thursday. Finally, Bank of America raised their price objective on shares of Five9 from $16.00 to $19.00 and gave the stock an “underperform” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $26.60.
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Five9 Company Profile
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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