Five9 Inc (NASDAQ:FIVN) President Daniel P. Burkland sold 10,222 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $42.51, for a total transaction of $434,537.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of FIVN traded up $0.94 during mid-day trading on Thursday, reaching $41.32. 390,500 shares of the stock traded hands, compared to its average volume of 593,683. The firm has a market capitalization of $2.37 billion, a P/E ratio of -243.06, a P/E/G ratio of 104.21 and a beta of 0.60. Five9 Inc has a 12-month low of $22.51 and a 12-month high of $49.50. The company has a quick ratio of 6.95, a current ratio of 6.95 and a debt-to-equity ratio of 1.56.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Tuesday, November 6th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09. The company had revenue of $65.30 million for the quarter, compared to analyst estimates of $61.70 million. Five9 had a negative net margin of 1.90% and a positive return on equity of 0.88%. The business’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 earnings per share. Equities analysts expect that Five9 Inc will post 0.04 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. EULAV Asset Management purchased a new stake in shares of Five9 during the third quarter valued at approximately $1,197,000. Raymond James & Associates acquired a new stake in shares of Five9 during the second quarter worth approximately $335,000. Engineers Gate Manager LP acquired a new stake in shares of Five9 during the third quarter worth approximately $3,963,000. Verition Fund Management LLC acquired a new stake in shares of Five9 during the second quarter worth approximately $423,000. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Five9 by 6.9% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 55,625 shares of the software maker’s stock worth $2,430,000 after buying an additional 3,570 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.
Several research analysts recently commented on FIVN shares. BidaskClub upgraded shares of Five9 from a “buy” rating to a “strong-buy” rating in a report on Friday, August 24th. Barclays raised their price target on shares of Five9 from $38.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, September 7th. Bank of America raised their price target on shares of Five9 from $25.00 to $28.00 and gave the company an “underperform” rating in a report on Wednesday, November 7th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target (up previously from $45.00) on shares of Five9 in a report on Thursday, August 23rd. Finally, Dougherty & Co started coverage on shares of Five9 in a report on Tuesday, October 16th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.92.
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Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.
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