Five9, Inc. (NASDAQ:FIVN) EVP Panos Kozanian Sells 7,619 Shares

Five9, Inc. (NASDAQ:FIVN) EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total transaction of $320,683.71. Following the completion of the transaction, the executive vice president now directly owns 69,009 shares in the company, valued at $2,904,588.81. This represents a 9.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Five9 Stock Up 1.7 %

FIVN opened at $42.48 on Friday. The firm has a market cap of $3.19 billion, a P/E ratio of -84.96, a price-to-earnings-growth ratio of 25.63 and a beta of 0.92. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The business has a 50 day moving average price of $34.11 and a 200 day moving average price of $37.07. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $85.00.

Institutional Trading of Five9

A number of institutional investors and hedge funds have recently modified their holdings of FIVN. Sylebra Capital LLC raised its holdings in Five9 by 28.4% in the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock worth $132,908,000 after acquiring an additional 666,681 shares during the period. Point72 Asset Management L.P. grew its position in shares of Five9 by 347.4% in the second quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock valued at $33,213,000 after purchasing an additional 584,800 shares during the last quarter. Potrero Capital Research LLC acquired a new stake in shares of Five9 in the third quarter valued at about $15,610,000. Van Berkom & Associates Inc. increased its stake in shares of Five9 by 52.3% in the second quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after purchasing an additional 446,151 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Five9 by 38.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock worth $64,257,000 after purchasing an additional 406,188 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Morgan Stanley cut their target price on Five9 from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. DA Davidson increased their price target on Five9 from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Truist Financial restated a “buy” rating and set a $65.00 price objective on shares of Five9 in a report on Tuesday, August 27th. Finally, Rosenblatt Securities raised their target price on shares of Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Five9 has an average rating of “Moderate Buy” and a consensus price target of $59.22.

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.