Five9, Inc. (NASDAQ:FIVN) EVP Panos Kozanian Sells 7,617 Shares

Five9, Inc. (NASDAQ:FIVN) EVP Panos Kozanian sold 7,617 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.02, for a total value of $228,662.34. Following the completion of the sale, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at $2,300,372.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Five9 Stock Down 3.3 %

FIVN opened at $28.61 on Friday. Five9, Inc. has a twelve month low of $28.59 and a twelve month high of $92.40. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -33.66 and a beta of 0.82. The firm’s 50-day simple moving average is $38.71 and its 200-day simple moving average is $49.22. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.15.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.14. Five9 had a negative net margin of 5.44% and a negative return on equity of 6.59%. The firm had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $244.54 million. Equities research analysts anticipate that Five9, Inc. will post -0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Five9

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI increased its stake in shares of Five9 by 46.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 452 shares of the software maker’s stock valued at $36,000 after buying an additional 144 shares in the last quarter. Quent Capital LLC raised its stake in shares of Five9 by 8.7% in the second quarter. Quent Capital LLC now owns 4,379 shares of the software maker’s stock worth $193,000 after acquiring an additional 352 shares during the last quarter. Inceptionr LLC acquired a new position in shares of Five9 during the fourth quarter worth approximately $215,000. Cetera Advisors LLC bought a new stake in shares of Five9 during the first quarter valued at approximately $226,000. Finally, KLR Investment Advisors LLC acquired a new stake in shares of Five9 in the fourth quarter valued at approximately $244,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Robert W. Baird downgraded shares of Five9 from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $90.00 to $40.00 in a report on Friday, August 9th. Baird R W downgraded Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 price target on shares of Five9 in a report on Wednesday, August 21st. Morgan Stanley reduced their price objective on Five9 from $70.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, June 14th. Finally, Northland Securities lowered their price objective on Five9 from $95.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.35.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.