Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani Sells 924 Shares

Five9, Inc. (NASDAQ:FIVN – Get Rating) CAO Leena Mansharamani sold 924 shares of Five9 stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $100.27, for a total transaction of $92,649.48. Following the completion of the transaction, the chief accounting officer now directly owns 15,572 shares in the company, valued at approximately $1,561,404.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of FIVN traded up $0.26 during mid-day trading on Wednesday, reaching $101.32. The company had a trading volume of 665,489 shares, compared to its average volume of 1,251,363. The stock has a market capitalization of $7.05 billion, a P/E ratio of -92.95 and a beta of 0.51. Five9, Inc. has a 52-week low of $80.52 and a 52-week high of $211.68. The stock has a 50 day moving average of $104.65 and a two-hundred day moving average of $116.66. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 3.44.

Five9 (NASDAQ:FIVN – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The software maker reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.52. The company had revenue of $182.80 million during the quarter, compared to the consensus estimate of $170.87 million. Five9 had a negative return on equity of 24.00% and a negative net margin of 11.43%. Five9’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) earnings per share. On average, sell-side analysts expect that Five9, Inc. will post -0.91 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Washington Harbour Partners LP purchased a new position in shares of Five9 in the 1st quarter valued at about $5,520,000. Advisors Asset Management Inc. grew its holdings in Five9 by 44.0% in the first quarter. Advisors Asset Management Inc. now owns 1,369 shares of the software maker’s stock valued at $151,000 after purchasing an additional 418 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Five9 in the first quarter valued at approximately $22,299,000. Sylebra Capital Ltd increased its position in shares of Five9 by 16.2% in the first quarter. Sylebra Capital Ltd now owns 1,499,718 shares of the software maker’s stock valued at $165,569,000 after buying an additional 208,604 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its stake in shares of Five9 by 6,965.2% during the 1st quarter. Point72 Hong Kong Ltd now owns 4,875 shares of the software maker’s stock worth $538,000 after buying an additional 4,806 shares during the period. Institutional investors own 97.89% of the company’s stock.

FIVN has been the topic of several analyst reports. Morgan Stanley cut their price target on shares of Five9 from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Tuesday, February 22nd. TheStreet lowered Five9 from a “c-” rating to a “d+” rating in a research report on Wednesday, May 11th. Barclays decreased their price target on Five9 from $215.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, February 24th. Truist Financial cut their price objective on shares of Five9 from $210.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. Finally, Canaccord Genuity Group decreased their price objective on shares of Five9 from $200.00 to $125.00 in a research report on Thursday, February 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Five9 currently has an average rating of “Buy” and an average target price of $160.90.

Five9 Company Profile (Get Rating)

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.

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