Five9 Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $14.14, for a total transaction of $339,360.00. Following the transaction, the chief executive officer now directly owns 953,000 shares of the company’s stock, valued at approximately $13,475,420. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Michael Burkland also recently made the following trade(s):
- On Thursday, September 15th, Michael Burkland sold 24,000 shares of Five9 stock. The shares were sold at an average price of $14.40, for a total transaction of $345,600.00.
- On Friday, August 19th, Michael Burkland sold 12,000 shares of Five9 stock. The shares were sold at an average price of $14.01, for a total transaction of $168,120.00.
- On Thursday, August 4th, Michael Burkland sold 8,000 shares of Five9 stock. The shares were sold at an average price of $13.22, for a total transaction of $105,760.00.
Shares of Five9 Inc. (NASDAQ:FIVN) opened at 14.02 on Wednesday. Five9 Inc. has a one year low of $3.94 and a one year high of $16.40. The company has a 50-day moving average of $14.89 and a 200 day moving average of $12.18. The stock’s market cap is $736.81 million.
Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.05. The company earned $38.90 million during the quarter, compared to analysts’ expectations of $36.86 million. Five9 had a negative net margin of 12.36% and a negative return on equity of 65.04%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.10) EPS. On average, analysts predict that Five9 Inc. will post ($0.14) earnings per share for the current year.
A number of equities analysts have weighed in on FIVN shares. Bank of America Corp. downgraded shares of Five9 from a “neutral” rating to an “underperform” rating in a research note on Tuesday, September 20th. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Tuesday, October 4th. Barclays PLC raised their target price on shares of Five9 from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, July 15th. Finally, Needham & Company LLC raised their target price on shares of Five9 from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $14.56.
Large investors have recently added to or reduced their stakes in the stock. Bogle Investment Management L P DE boosted its stake in Five9 by 1.0% in the first quarter. Bogle Investment Management L P DE now owns 247,213 shares of the company’s stock valued at $2,197,000 after buying an additional 2,482 shares during the period. Harvest Capital Strategies LLC bought a new stake in Five9 during the first quarter valued at about $667,000. Metropolitan Life Insurance Co. NY bought a new stake in Five9 during the first quarter valued at about $164,000. Hamilton Lane Advisors LLC bought a new stake in Five9 during the second quarter valued at about $292,000. Finally, Bollard Group LLC bought a new stake in Five9 during the second quarter valued at about $254,000. 83.84% of the stock is owned by institutional investors.
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. It facilitates over three billion interactions between its 2,000 clients and clients’ customers per year.
Receive News & Ratings for Five9 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 Inc. and related companies with MarketBeat.com's FREE daily email newsletter.