Five9, Inc. (FIVN) CEO Michael Burkland Sells 600,000 Shares

Five9, Inc. (NASDAQ:FIVN) CEO Michael Burkland sold 600,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $24.05, for a total value of $14,430,000.00. Following the sale, the chief executive officer now owns 1,194,161 shares of the company’s stock, valued at approximately $28,719,572.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, September 5th, Michael Burkland sold 12,590 shares of Five9 stock. The shares were sold at an average price of $21.00, for a total value of $264,390.00.

Shares of Five9, Inc. (NASDAQ FIVN) traded down $0.06 on Wednesday, reaching $25.31. The company’s stock had a trading volume of 316,500 shares, compared to its average volume of 471,912. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.17. Five9, Inc. has a fifty-two week low of $12.58 and a fifty-two week high of $27.81.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $50.08 million during the quarter, compared to analysts’ expectations of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The company’s revenue was up 22.2% on a year-over-year basis. research analysts anticipate that Five9, Inc. will post -0.19 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AXA boosted its stake in shares of Five9 by 12.7% in the second quarter. AXA now owns 248,293 shares of the software maker’s stock worth $5,344,000 after acquiring an additional 28,000 shares during the period. Aperio Group LLC bought a new position in shares of Five9 in the second quarter worth about $765,000. Wasatch Advisors Inc. bought a new position in Five9 during the second quarter valued at approximately $3,159,000. Swiss National Bank boosted its stake in Five9 by 9.0% during the second quarter. Swiss National Bank now owns 70,600 shares of the software maker’s stock valued at $1,519,000 after buying an additional 5,800 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in Five9 during the second quarter valued at approximately $1,752,000. 91.67% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $26.00 price objective (up previously from $21.00) on shares of Five9 in a research report on Wednesday, August 9th. Canaccord Genuity reiterated a “buy” rating and set a $28.00 price objective on shares of Five9 in a research report on Thursday, November 9th. KeyCorp reiterated an “overweight” rating and set a $29.00 price objective (up previously from $27.00) on shares of Five9 in a research report on Wednesday, November 8th. Morgan Stanley upped their price objective on Five9 from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Finally, ValuEngine upgraded Five9 from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $24.75.

Five9 Company Profile

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

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

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