Five9, Inc. (NASDAQ:FIVN - Get Free Report) CAO Leena Mansharamani sold 1,517 shares of the business'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 value of $50,409.91. Following the sale, the chief accounting officer now owns 48,300 shares of the company's stock, valued at approximately $1,605,009. The trade was a 3.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Five9 Trading Down 4.2 %
Shares of Five9 stock opened at $32.89 on Friday. Five9, Inc. has a fifty-two week low of $26.60 and a fifty-two week high of $63.79. The business's fifty day moving average is $39.49 and its two-hundred day moving average is $35.97. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a market cap of $2.49 billion, a PE ratio of -164.44, a P/E/G ratio of 9.41 and a beta of 0.93.
Five9 (NASDAQ:FIVN - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.44). The business had revenue of $278.66 million during the quarter, compared to analysts' expectations of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities boosted their price target on shares of Five9 from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Wells Fargo & Company cut Five9 from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $55.00 to $40.00 in a research note on Tuesday, November 12th. William Blair reiterated an "outperform" rating on shares of Five9 in a research note on Friday, February 21st. Piper Sandler upped their target price on shares of Five9 from $46.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Morgan Stanley upped their target price on shares of Five9 from $40.00 to $46.00 and gave the company an "equal weight" rating in a 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $57.65.
Get Our Latest Analysis on FIVN
Institutional Investors Weigh In On Five9
Institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC lifted its stake in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after acquiring an additional 520 shares during the period. Banque Transatlantique SA purchased a new stake in shares of Five9 in the fourth quarter valued at $36,000. Johnson Financial Group Inc. purchased a new stake in shares of Five9 in the fourth quarter valued at $47,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Five9 in the third quarter valued at $95,000. Institutional investors own 96.64% of the company's stock.
Five9 Company Profile
(
Get Free Report)
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.
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