Five9 (NASDAQ:FIVN) CAO Leena Mansharamani Sells 2,951 Shares of Stock

Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani sold 2,951 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $20.41, for a total value of $60,229.91. Following the completion of the transaction, the chief accounting officer directly owned 38,571 shares in the company, valued at $787,234.11. This represents a 7.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Five9 Stock Down 0.4%

Shares of Five9 stock opened at $20.65 on Friday. Five9, Inc. has a 12-month low of $17.71 and a 12-month high of $49.90. The firm has a market capitalization of $1.62 billion, a PE ratio of 57.36, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35. 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 stock’s fifty day moving average is $21.53 and its 200-day moving average is $24.95.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share 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 for the quarter. Equities analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current year.

Five9 announced that its Board of Directors has approved a share buyback program on Tuesday, November 11th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the software maker to purchase up to 3.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Five9 in a report on Monday. Morgan Stanley set a $30.00 price objective on shares of Five9 in a research report on Tuesday, October 21st. Zacks Research downgraded shares of Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Wall Street Zen raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $28.00 price target on shares of Five9 in a research note on Friday, September 12th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.