Daniel P. Burkland Sells 15,000 Shares of Five9 Inc (FIVN) Stock

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Five9 Inc (NASDAQ:FIVN) President Daniel P. Burkland sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $49.44, for a total value of $741,600.00. Following the sale, the president now directly owns 190,461 shares of the company’s stock, valued at $9,416,391.84. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of FIVN stock traded down $0.22 during trading on Monday, reaching $49.70. The company had a trading volume of 367,063 shares, compared to its average volume of 813,079. The company has a debt-to-equity ratio of 1.37, a quick ratio of 6.12 and a current ratio of 6.12. Five9 Inc has a one year low of $31.64 and a one year high of $57.90. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 331.33 and a beta of 0.59.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. Five9 had a positive return on equity of 8.35% and a negative net margin of 0.56%. The business had revenue of $74.54 million for the quarter, compared to the consensus estimate of $70.81 million. During the same period last year, the business earned $0.08 EPS. The firm’s revenue was up 26.5% compared to the same quarter last year. On average, analysts forecast that Five9 Inc will post -0.03 EPS for the current fiscal year.

FIVN has been the subject of a number of recent research reports. Needham & Company LLC raised their price target on Five9 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Bank of America reaffirmed an “underperform” rating and set a $33.00 price target (up from $28.00) on shares of Five9 in a research note on Wednesday, February 20th. KeyCorp reaffirmed a “hold” rating on shares of Five9 in a research note on Tuesday, February 19th. Canaccord Genuity raised their price target on Five9 from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. They noted that the move was a valuation call. Finally, Craig Hallum cut their price target on Five9 from $64.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $53.54.

Several hedge funds have recently modified their holdings of FIVN. Flinton Capital Management LLC bought a new position in Five9 in the 4th quarter worth approximately $30,000. Winslow Evans & Crocker Inc. bought a new position in Five9 in the 1st quarter worth approximately $30,000. Pearl River Capital LLC bought a new position in Five9 in the 1st quarter worth approximately $32,000. Mckinley Capital Management LLC Delaware bought a new position in Five9 in the 4th quarter worth approximately $34,000. Finally, Private Capital Group LLC increased its position in Five9 by 263.4% in the 4th quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock worth $46,000 after buying an additional 769 shares during the period. 99.57% of the stock is currently owned by institutional investors and hedge funds.

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About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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