Five9 (NASDAQ:FIVN) EVP Panos Kozanian Sells 10,858 Shares of Stock

Five9, Inc. (NASDAQ:FIVN) EVP Panos Kozanian sold 10,858 shares of Five9 stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $20.42, for a total transaction of $221,720.36. Following the completion of the transaction, the executive vice president directly owned 94,457 shares of the company’s stock, valued at $1,928,811.94. This trade represents a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Five9 Price Performance

FIVN opened at $20.65 on Friday. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.96. The company’s 50-day moving average price is $21.53 and its 200 day moving average price is $24.95. Five9, Inc. has a fifty-two week low of $17.71 and a fifty-two week high of $49.90. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 57.36, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35.

Five9 (NASDAQ:FIVN) last issued its earnings results on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. The company had revenue of $283.27 million during the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%. As a group, sell-side analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.

Five9 declared that its board has initiated a share buyback plan on Tuesday, November 11th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 3.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages recently commented on FIVN. Wells Fargo & Company lowered their price objective on Five9 from $28.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Morgan Stanley set a $30.00 price target on shares of Five9 in a research report on Tuesday, October 21st. Barclays dropped their price objective on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Zacks Research lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Piper Sandler decreased their target price on shares of Five9 from $31.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.19.

Institutional Investors Weigh In On Five9

Institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC raised its position in shares of Five9 by 81.7% during the 3rd quarter. Global Retirement Partners LLC now owns 1,228 shares of the software maker’s stock worth $30,000 after buying an additional 552 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in shares of Five9 in the second quarter valued at approximately $32,000. Quarry LP acquired a new position in shares of Five9 during the third quarter valued at approximately $33,000. Advisory Services Network LLC bought a new stake in Five9 during the third quarter worth approximately $38,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Five9 during the third quarter worth approximately $45,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Five9 Company Profile

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.