Michael Burkland Sells 13,600 Shares of Five9 Inc (FIVN) Stock

Five9 Inc (NASDAQ:FIVN) Director Michael Burkland sold 13,600 shares of Five9 stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $49.09, for a total value of $667,624.00. Following the completion of the transaction, the director now owns 90,671 shares in the company, valued at $4,451,039.39. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Michael Burkland also recently made the following trade(s):

  • On Wednesday, May 8th, Michael Burkland sold 30,660 shares of Five9 stock. The shares were sold at an average price of $50.35, for a total value of $1,543,731.00.
  • On Friday, May 10th, Michael Burkland sold 300,000 shares of Five9 stock. The shares were sold at an average price of $49.98, for a total value of $14,994,000.00.
  • On Tuesday, April 30th, Michael Burkland sold 3,400 shares of Five9 stock. The shares were sold at an average price of $53.56, for a total value of $182,104.00.
  • On Monday, April 15th, Michael Burkland sold 15,300 shares of Five9 stock. The shares were sold at an average price of $52.02, for a total value of $795,906.00.
  • On Thursday, March 21st, Michael Burkland sold 1,700 shares of Five9 stock. The shares were sold at an average price of $56.01, for a total value of $95,217.00.
  • On Friday, March 15th, Michael Burkland sold 18,700 shares of Five9 stock. The shares were sold at an average price of $54.15, for a total value of $1,012,605.00.
  • On Monday, March 18th, Michael Burkland sold 20,400 shares of Five9 stock. The stock was sold at an average price of $54.22, for a total value of $1,106,088.00.

FIVN traded down $0.93 on Friday, reaching $49.92. 264,620 shares of the stock were exchanged, compared to its average volume of 817,726. Five9 Inc has a fifty-two week low of $31.06 and a fifty-two week high of $57.90. The company has a debt-to-equity ratio of 1.37, a quick ratio of 6.12 and a current ratio of 6.12. The stock has a market cap of $2.98 billion, a P/E ratio of 332.80 and a beta of 0.59.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $0.03 EPS for the quarter, topping 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 company had revenue of $74.54 million during the quarter, compared to analysts’ expectations of $70.81 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm’s revenue was up 26.5% compared to the same quarter last year. Analysts predict that Five9 Inc will post -0.03 EPS for the current fiscal year.

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

A number of research firms have recently weighed in on FIVN. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Tuesday, March 19th. BidaskClub raised Five9 from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 16th. Needham & Company LLC raised their price objective on Five9 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Craig Hallum lowered their price objective on Five9 from $64.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, February 20th. Finally, Canaccord Genuity raised their price objective on Five9 from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.54.

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Five9 Company Profile

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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Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

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