Five9 (NASDAQ:FIVN) CEO Sells $366,137.20 in Stock

Five9, Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 17,992 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $20.35, for a total value of $366,137.20. Following the sale, the chief executive officer directly owned 349,570 shares of the company’s stock, valued at $7,113,749.50. The trade was a 4.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Five9 Stock Performance

Five9 stock traded down $0.09 on Friday, reaching $20.65. 1,991,535 shares of the stock were exchanged, compared to its average volume of 1,962,961. The stock has a market cap of $1.62 billion, a PE ratio of 57.36, a PEG ratio of 1.27 and a beta of 1.35. The firm has a fifty day moving average price of $21.62 and a two-hundred day moving average price of $25.00. Five9, Inc. has a twelve month low of $17.71 and a twelve month high of $49.90. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.96.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $283.27 million for the quarter. Five9 had a net margin of 2.77% and a return on equity of 10.59%. Sell-side analysts anticipate that Five9, Inc. will post 0.28 EPS for the current year.

Five9 declared that its Board of Directors has approved a share repurchase program on Tuesday, November 11th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the software maker to buy up to 3.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley set a $30.00 price target on shares of Five9 in a research report on Tuesday, October 21st. Cantor Fitzgerald decreased their price objective on shares of Five9 from $36.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Five9 in a research note on Monday. Zacks Research downgraded Five9 from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, Wells Fargo & Company cut their price target on Five9 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Voss Capital LP boosted its position in Five9 by 40.0% during the third quarter. Voss Capital LP now owns 4,550,000 shares of the software maker’s stock worth $110,110,000 after purchasing an additional 1,300,000 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Five9 by 14.8% during the first quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker’s stock worth $74,649,000 after acquiring an additional 353,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Five9 by 292.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock worth $72,745,000 after purchasing an additional 1,996,628 shares during the period. Armistice Capital LLC boosted its stake in Five9 by 6.5% in the 1st quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker’s stock valued at $56,961,000 after purchasing an additional 127,793 shares during the period. Finally, Geode Capital Management LLC increased its position in Five9 by 36.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,863,081 shares of the software maker’s stock worth $49,341,000 after buying an additional 497,344 shares during the period. 96.64% of the stock is currently owned by institutional investors.

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.