Five9, Inc. (NASDAQ:FIVN) EVP Sells $228,662.34 in Stock

Five9, Inc. (NASDAQ:FIVN) EVP Panos Kozanian sold 7,617 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the transaction, the executive vice president now owns 76,628 shares in the company, valued at approximately $2,300,372.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Five9 Trading Down 3.3 %

NASDAQ:FIVN opened at $28.61 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15. The business’s 50-day simple moving average is $38.71 and its 200-day simple moving average is $49.22. Five9, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $92.40. The stock has a market capitalization of $2.11 billion, a PE ratio of -33.66 and a beta of 0.82.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, August 8th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.14. The firm had revenue of $252.09 million for the quarter, compared to the consensus estimate of $244.54 million. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. Sell-side analysts expect that Five9, Inc. will post -0.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FIVN. Barclays cut their target price on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Robert W. Baird cut shares of Five9 from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $90.00 to $40.00 in a research note on Friday, August 9th. Piper Sandler reiterated an “overweight” rating and set a $47.00 target price on shares of Five9 in a research report on Wednesday, August 21st. Bank of America upgraded Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Monday, August 5th. Finally, Rosenblatt Securities decreased their price objective on Five9 from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.35.

Institutional Investors Weigh In On Five9

Institutional investors have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI increased its holdings in Five9 by 46.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock worth $36,000 after purchasing an additional 144 shares in the last quarter. Quent Capital LLC boosted its position in shares of Five9 by 8.7% during the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after buying an additional 352 shares during the period. Inceptionr LLC bought a new position in shares of Five9 during the fourth quarter worth about $215,000. Cetera Advisors LLC bought a new position in shares of Five9 during the first quarter worth about $226,000. Finally, KLR Investment Advisors LLC acquired a new stake in Five9 in the 4th quarter valued at approximately $244,000. 96.64% of the stock is owned by institutional investors.

About Five9

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.