Five9 Inc (NASDAQ:FIVN) Director Michael Burkland Sells 3,400 Shares

Five9 Inc (NASDAQ:FIVN) Director Michael Burkland sold 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $53.56, for a total value of $182,104.00. Following the transaction, the director now owns 82,171 shares of the company’s stock, valued at approximately $4,401,078.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Michael Burkland also recently made the following trade(s):

  • On Thursday, May 16th, Michael Burkland sold 13,600 shares of Five9 stock. The shares were sold at an average price of $49.09, for a total transaction of $667,624.00.
  • On Wednesday, May 8th, Michael Burkland sold 30,660 shares of Five9 stock. The shares were sold at an average price of $50.35, for a total transaction of $1,543,731.00.
  • On Friday, May 10th, Michael Burkland sold 300,000 shares of Five9 stock. The shares were sold at an average price of $49.98, for a total transaction of $14,994,000.00.
  • On Monday, April 15th, Michael Burkland sold 15,300 shares of Five9 stock. The shares were sold at an average price of $52.02, for a total transaction of $795,906.00.
  • On Thursday, March 21st, Michael Burkland sold 1,700 shares of Five9 stock. The shares were sold at an average price of $56.01, for a total transaction of $95,217.00.
  • On Friday, March 15th, Michael Burkland sold 18,700 shares of Five9 stock. The shares were sold at an average price of $54.15, for a total transaction of $1,012,605.00.
  • On Monday, March 18th, Michael Burkland sold 20,400 shares of Five9 stock. The stock was sold at an average price of $54.22, for a total transaction of $1,106,088.00.

FIVN opened at $49.92 on Friday. Five9 Inc has a twelve month low of $31.06 and a twelve month high of $57.90. The company has a debt-to-equity ratio of 1.37, a current ratio of 6.12 and a quick ratio of 6.12. The stock has a market cap of $2.98 billion, a P/E ratio of 332.80 and a beta of 0.59.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, May 1st. The software maker reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.05. The firm had revenue of $74.54 million during the quarter, compared to the consensus estimate of $70.81 million. Five9 had a negative net margin of 0.56% and a positive return on equity of 8.35%. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. On average, sell-side analysts expect that Five9 Inc will post -0.03 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in FIVN. Strs Ohio raised its position in Five9 by 112.5% in the fourth quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock valued at $148,000 after purchasing an additional 1,800 shares during the last quarter. Caxton Associates LP purchased a new stake in Five9 during the 4th quarter valued at $206,000. Vanguard Group Inc boosted its stake in Five9 by 19.3% during the 3rd quarter. Vanguard Group Inc now owns 6,338,262 shares of the software maker’s stock valued at $276,920,000 after purchasing an additional 1,026,191 shares during the last quarter. Geode Capital Management LLC boosted its stake in Five9 by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 653,681 shares of the software maker’s stock valued at $28,578,000 after purchasing an additional 58,150 shares during the last quarter. Finally, Monarch Partners Asset Management LLC purchased a new stake in Five9 during the 4th quarter valued at $8,804,000. Institutional investors own 99.57% of the company’s stock.

A number of brokerages recently commented on FIVN. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Wednesday, April 10th. Northland Securities reissued a “buy” rating on shares of Five9 in a research note on Thursday, May 2nd. KeyCorp reissued a “hold” rating on shares of Five9 in a research note on Thursday, May 2nd. BidaskClub downgraded shares of Five9 from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Finally, Stephens restated a “hold” rating and set a $53.00 price target on shares of Five9 in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $53.54.

TRADEMARK VIOLATION WARNING: This story was reported by Mayfield Recorder and is owned by of Mayfield Recorder. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://mayfieldrecorder.com/2019/05/18/michael-burkland-sells-3400-shares-of-five9-inc-fivn-stock.html.

About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company 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.

See Also: What are the components of an earnings report?

Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.