Five9, Inc. (NASDAQ:FIVN – Get Free Report) CAO Leena Mansharamani sold 1,253 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $31.53, for a total transaction of $39,507.09. Following the completion of the transaction, the chief accounting officer directly owned 52,417 shares of the company’s stock, valued at approximately $1,652,708.01. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 Friday, September 4th, Leena Mansharamani sold 2,706 shares of Five9 stock. The shares were sold at an average price of $33.35, for a total transaction of $90,245.10.
- 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 value of $90,956.76.
Five9 Price Performance
Shares of NASDAQ FIVN opened at $31.23 on Wednesday. The stock has a market cap of $2.39 billion, a PE ratio of 45.26 and a beta of 1.48. Five9, Inc. has a fifty-two week low of $13.29 and a fifty-two week high of $35.18. The company has a debt-to-equity ratio of 0.94, a quick ratio of 4.15 and a current ratio of 4.15. The stock has a fifty day moving average of $29.04 and a 200-day moving average of $22.33.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on FIVN shares. Wells Fargo & Company raised their price objective on shares of Five9 from $24.00 to $32.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 25th. UBS Group reaffirmed a “positive” rating on shares of Five9 in a report on Monday, August 31st. Barclays increased their target price on shares of Five9 from $25.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Robert W. Baird boosted their price target on shares of Five9 from $22.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, DA Davidson upped their price target on shares of Five9 from $22.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Five9 presently has an average rating of “Moderate Buy” and a consensus price target of $33.14.
Get Our Latest Research Report on FIVN
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its stake in Five9 by 1,972.7% in the second quarter. California State Teachers Retirement System now owns 1,879,593 shares of the software maker’s stock valued at $40,073,000 after purchasing an additional 1,788,909 shares in the last quarter. Anson Funds Management LP grew its stake in Five9 by 35.6% in the 1st quarter. Anson Funds Management LP now owns 2,086,675 shares of the software maker’s stock worth $31,655,000 after buying an additional 547,304 shares in the last quarter. S Squared Technology LLC purchased a new position in Five9 in the 2nd quarter worth approximately $10,983,957. Deutsche Bank AG bought a new position in shares of Five9 in the 2nd quarter worth $10,432,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Five9 in the 2nd quarter worth $10,429,000. 96.64% of the stock is currently owned by institutional investors.
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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