Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani Sells 1,517 Shares

Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani sold 1,517 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total transaction of $50,409.91. Following the completion of the sale, the chief accounting officer now owns 48,300 shares in the company, valued at $1,605,009. This represents a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Five9 Stock Down 1.2 %

FIVN opened at $32.48 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $63.79. The firm’s fifty day moving average is $39.31 and its 200 day moving average is $35.96. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of -162.39, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01.

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

Institutional Trading of Five9

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its holdings in Five9 by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker’s stock valued at $156,000 after acquiring an additional 365 shares during the last quarter. Arizona State Retirement System increased its holdings in Five9 by 2.0% in the 4th quarter. Arizona State Retirement System now owns 21,694 shares of the software maker’s stock valued at $882,000 after acquiring an additional 424 shares during the last quarter. Lindbrook Capital LLC increased its holdings in Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after acquiring an additional 520 shares during the last quarter. Xponance Inc. increased its holdings in Five9 by 6.1% in the 4th quarter. Xponance Inc. now owns 9,421 shares of the software maker’s stock valued at $383,000 after acquiring an additional 539 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Five9 by 1.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker’s stock worth $1,325,000 after buying an additional 590 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. William Blair restated an “outperform” rating on shares of Five9 in a report on Friday, February 21st. Barclays raised their target price on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Rosenblatt Securities lifted their price target on shares of Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Robert W. Baird lifted their price target on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company cut shares of Five9 from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $55.00 to $40.00 in a research note on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Five9 presently has an average rating of “Moderate Buy” and a consensus price target of $57.65.

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.