Five9, Inc. (NASDAQ:FIVN – Get Free Report) CAO Leena Mansharamani sold 2,706 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $33.35, for a total value of $90,245.10. Following the transaction, the chief accounting officer directly owned 53,670 shares in the company, valued at $1,789,894.50. The trade was a 4.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Leena Mansharamani also recently made the following trade(s):
- On Tuesday, September 8th, Leena Mansharamani sold 1,253 shares of Five9 stock. The shares were sold at an average price of $31.53, for a total value of $39,507.09.
- On Thursday, September 3rd, Leena Mansharamani sold 2,658 shares of Five9 stock. The stock was sold at an average price of $34.22, for a total transaction of $90,956.76.
Five9 Stock Down 6.1%
Five9 stock traded down $2.04 during midday trading on Tuesday, hitting $31.23. 1,828,543 shares of the company’s stock were exchanged, compared to its average volume of 1,624,458. The company has a debt-to-equity ratio of 0.94, a quick ratio of 4.15 and a current ratio of 4.15. Five9, Inc. has a 12 month low of $13.29 and a 12 month high of $35.18. The firm has a 50-day moving average of $29.04 and a two-hundred day moving average of $22.33. The company has a market cap of $2.39 billion, a PE ratio of 45.26 and a beta of 1.48.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its position in Five9 by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 69,189 shares of the software maker’s stock valued at $1,832,000 after buying an additional 549 shares in the last quarter. Franklin Resources Inc. raised its stake in Five9 by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 56,303 shares of the software maker’s stock valued at $1,129,000 after buying an additional 807 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Five9 by 378.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock worth $26,000 after acquiring an additional 1,367 shares in the last quarter. Quarry LP purchased a new stake in shares of Five9 during the third quarter worth about $33,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Five9 during the third quarter worth about $38,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have issued reports on FIVN. UBS Group reaffirmed a “positive” rating on shares of Five9 in a research report on Monday, August 31st. Robert W. Baird lifted their target price on Five9 from $22.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Truist Financial boosted their target price on shares of Five9 from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Wells Fargo & Company raised their price target on shares of Five9 from $24.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, August 25th. Finally, Piper Sandler lifted their price objective on shares of Five9 from $24.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.14.
Read Our Latest Stock Report on FIVN
Five9 Company Profile
Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.
Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.
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