Five9, Inc. (NASDAQ:FIVN – Get Free Report) CAO Leena Mansharamani sold 1,253 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $31.53, for a total transaction of $39,507.09. Following the sale, the chief accounting officer owned 52,417 shares of the company’s stock, valued at approximately $1,652,708.01. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 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.
- On Thursday, September 3rd, Leena Mansharamani sold 2,658 shares of Five9 stock. The shares were sold at an average price of $34.22, for a total transaction of $90,956.76.
Five9 Trading Down 6.1%
FIVN traded down $2.04 during trading on Tuesday, reaching $31.23. 1,828,543 shares of the stock traded hands, compared to its average volume of 1,624,458. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $2.39 billion, a PE ratio of 45.26 and a beta of 1.48. The stock’s 50-day moving average is $29.04 and its 200 day moving average is $22.33. Five9, Inc. has a 12 month low of $13.29 and a 12 month high of $35.18.
Institutional Trading of Five9
Several hedge funds have recently bought and sold shares of FIVN. California State Teachers Retirement System increased its stake in Five9 by 1,972.7% during the 2nd quarter. California State Teachers Retirement System now owns 1,879,593 shares of the software maker’s stock valued at $40,073,000 after purchasing an additional 1,788,909 shares in the last quarter. Anson Funds Management LP grew its holdings in shares of Five9 by 35.6% during the first quarter. Anson Funds Management LP now owns 2,086,675 shares of the software maker’s stock valued at $31,655,000 after buying an additional 547,304 shares during the last quarter. S Squared Technology LLC acquired a new position in shares of Five9 during the second quarter valued at about $10,983,957. Deutsche Bank AG bought a new stake in shares of Five9 during the second quarter worth about $10,432,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Five9 during the second quarter worth about $10,429,000. Institutional investors and hedge funds own 96.64% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lifted their target price on Five9 from $25.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Wall Street Zen lowered shares of Five9 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Piper Sandler boosted their target price on shares of Five9 from $24.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. UBS Group reissued a “positive” rating on shares of Five9 in a research note on Monday, August 31st. Finally, Rosenblatt Securities raised their price target on shares of Five9 from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, August 7th. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.14.
Check Out Our Latest Analysis on FIVN
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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