Five9, Inc. (NASDAQ:FIVN – Get Free Report) CEO Michael Burkland sold 12,594 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $41.40, for a total transaction of $521,391.60. Following the sale, the chief executive officer now directly owns 240,894 shares in the company, valued at $9,973,011.60. This trade represents a 4.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Five9 Trading Down 1.6 %
Shares of NASDAQ:FIVN opened at $41.77 on Friday. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $85.00. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The company’s fifty day simple moving average is $33.84 and its 200 day simple moving average is $37.25. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of -83.54, a PEG ratio of 25.02 and a beta of 0.92.
Institutional Investors Weigh In On Five9
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC raised its holdings in shares of Five9 by 1,892.3% during the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock worth $30,000 after acquiring an additional 984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Five9 during the second quarter worth $57,000. Quest Partners LLC acquired a new stake in shares of Five9 during the third quarter worth $95,000. nVerses Capital LLC acquired a new stake in shares of Five9 during the third quarter worth $141,000. Finally, Sanctuary Advisors LLC acquired a new stake in Five9 in the 3rd quarter valued at $145,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
View Our Latest Research Report on FIVN
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.
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