Five9, Inc. (NASDAQ:FIVN – Get Free Report) CAO Leena Mansharamani sold 2,658 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $34.22, for a total transaction of $90,956.76. Following the sale, the chief accounting officer owned 56,376 shares in the company, valued at $1,929,186.72. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 Tuesday, September 8th, Leena Mansharamani sold 1,253 shares of Five9 stock. The shares were sold at an average price of $31.53, for a total transaction of $39,507.09.
- On Friday, September 4th, Leena Mansharamani sold 2,706 shares of Five9 stock. The stock was sold at an average price of $33.35, for a total transaction of $90,245.10.
Five9 Stock Down 6.1%
Shares of FIVN stock traded down $2.04 during trading hours on Tuesday, hitting $31.23. 1,828,543 shares of the company were exchanged, compared to its average volume of 1,624,458. Five9, Inc. has a 52 week low of $13.29 and a 52 week high of $35.18. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average of $29.04 and a two-hundred day moving average of $22.33. The company has a market capitalization of $2.39 billion, a PE ratio of 45.26 and a beta of 1.48.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on FIVN shares. Weiss Ratings raised Five9 from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. UBS Group reaffirmed a “positive” rating on shares of Five9 in a research note on Monday, August 31st. Canaccord Genuity Group increased their target price on shares of Five9 from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Zacks Research upgraded shares of Five9 from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 28th. Finally, DA Davidson boosted their price target on shares of Five9 from $22.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.14.
Check Out Our Latest Stock Analysis on Five9
Hedge Funds Weigh In On Five9
A number of hedge funds have recently bought and sold shares of FIVN. Quarry LP acquired a new stake in Five9 in the 3rd quarter worth about $33,000. Advisory Services Network LLC bought a new position in shares of Five9 during the third quarter worth approximately $38,000. EverSource Wealth Advisors LLC increased its holdings in shares of Five9 by 378.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock worth $26,000 after purchasing an additional 1,367 shares during the period. Rothschild Investment LLC raised its position in shares of Five9 by 3,572.0% in the fourth quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker’s stock valued at $37,000 after buying an additional 1,786 shares in the last quarter. Finally, Nykredit A S acquired a new stake in shares of Five9 in the second quarter valued at approximately $39,000. 96.64% of the stock is owned by institutional investors.
About Five9
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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