Five9 (NASDAQ:FIVN) CEO Sells $366,137.20 in Stock

Five9, Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 17,992 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $20.35, for a total transaction of $366,137.20. Following the sale, the chief executive officer directly owned 349,570 shares in the company, valued at $7,113,749.50. This represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Five9 Trading Down 0.4%

Five9 stock traded down $0.09 during trading on Friday, hitting $20.65. The company’s stock had a trading volume of 1,991,535 shares, compared to its average volume of 1,962,961. The stock’s fifty day moving average is $21.62 and its 200 day moving average is $25.00. Five9, Inc. has a 1-year low of $17.71 and a 1-year high of $49.90. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 57.36, a P/E/G ratio of 1.27 and a beta of 1.35. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.61 and a current ratio of 4.61.

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

Five9 declared that its board has approved a stock buyback plan on Tuesday, November 11th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the software maker to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FIVN. Voss Capital LP increased its holdings in Five9 by 40.0% in the third quarter. Voss Capital LP now owns 4,550,000 shares of the software maker’s stock worth $110,110,000 after buying an additional 1,300,000 shares during the last quarter. Danske Bank A S bought a new stake in Five9 in the third quarter worth approximately $799,000. Advisory Services Network LLC acquired a new position in shares of Five9 during the 3rd quarter worth $38,000. CANADA LIFE ASSURANCE Co increased its stake in shares of Five9 by 26.2% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 163,522 shares of the software maker’s stock worth $4,164,000 after purchasing an additional 33,898 shares during the last quarter. Finally, Woodline Partners LP raised its holdings in shares of Five9 by 99.2% during the 3rd quarter. Woodline Partners LP now owns 19,877 shares of the software maker’s stock valued at $481,000 after purchasing an additional 9,897 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on FIVN. Wells Fargo & Company cut their price target on Five9 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Five9 in a report on Monday. Wall Street Zen downgraded shares of Five9 from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Zacks Research lowered shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Morgan Stanley set a $30.00 price target on Five9 in a research report on Tuesday, October 21st. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Five9 presently has a consensus rating of “Moderate Buy” and an average price target of $35.19.

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.