Panos Kozanian Sells 7,619 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) EVP Panos Kozanian sold 7,619 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the transaction, the executive vice president now owns 126,359 shares in the company, valued at $4,220,390.60. This represents a 5.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Panos Kozanian also recently made the following trade(s):

• On Wednesday, December 4th, Panos Kozanian sold 7,619 shares of Five9 stock. The stock was sold at an average price of $42.09, for a total value of $320,683.71.

Five9 Trading Up 3.0 %

Shares of FIVN stock opened at $34.34 on Thursday. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $63.79. The stock has a market cap of $2.60 billion, a P/E ratio of -171.69, a price-to-earnings-growth ratio of 9.41 and a beta of 0.93. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The stock has a 50 day simple moving average of $39.68 and a 200 day simple moving average of $35.99.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The firm had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. On average, research analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on FIVN. Truist Financial reiterated a “buy” rating and set a $65.00 target price on shares of Five9 in a report on Tuesday, December 17th. Wells Fargo & Company downgraded Five9 from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $55.00 to $40.00 in a research report on Tuesday, November 12th. Rosenblatt Securities lifted their target price on Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 21st. William Blair reissued an “outperform” rating on shares of Five9 in a research report on Friday, February 21st. Finally, Morgan Stanley boosted their price target on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Five9 has a consensus rating of “Moderate Buy” and an average target price of $57.65.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Menard Financial Group LLC acquired a new position in shares of Five9 during the fourth quarter worth $206,000. Jefferies Financial Group Inc. bought a new stake in Five9 during the fourth quarter valued at $1,048,000. Sylebra Capital LLC boosted its position in Five9 by 59.4% during the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after acquiring an additional 1,396,496 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Five9 by 261.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 682,728 shares of the software maker’s stock valued at $27,746,000 after acquiring an additional 493,709 shares during the last quarter. Finally, Tremblant Capital Group boosted its position in shares of Five9 by 24.3% during the 4th quarter. Tremblant Capital Group now owns 654,174 shares of the software maker’s stock worth $26,586,000 after purchasing an additional 127,979 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, 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.