1 week Ago By ABMN Staff
Shares of Five9, Inc. ( NASDAQ:FIVN – Get Free Report ) reached a new 52-week low during mid-day trading on Friday following insider selling activity. The stock traded as low as $28.
68 and last traded at $28.71, with a volume of 1101268 shares changing hands. The stock had previously closed at $29.
58. Specifically, EVP Panos Kozanian sold 7,617 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.
02, for a total transaction of $228,662.34. Following the completion of the transaction, the executive vice president now directly owns 76,628 shares of the company’s stock, valued at approximately $2,300,372.
56. The sale was disclosed in a filing with the SEC, which is available at the SEC website . Also, CRO Daniel P.
Burkland sold 3,628 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $30.57, for a total value of $110,907.
96. Following the completion of the sale, the executive now directly owns 128,926 shares in the company, valued at approximately $3,941,267.82.
The disclosure for this sale can be found here . In other news, COO Andy Dignan sold 4,245 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $30.
26, for a total value of $128,453.70. Following the completion of the transaction, the chief operating officer now directly owns 119,927 shares of the company’s stock, valued at $3,628,991.
02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Wall Street Analyst Weigh In A number of analysts recently commented on the company.
Truist Financial reiterated a “buy” rating and set a $65.00 price objective on shares of Five9 in a research report on Tuesday, August 27th. Piper Sandler reiterated an “overweight” rating and set a $47.
00 price target on shares of Five9 in a report on Wednesday, August 21st. Baird R W downgraded shares of Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Roth Mkm lowered their target price on shares of Five9 from $90.
00 to $67.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Morgan Stanley reduced their price target on Five9 from $70.
00 to $50.00 and set an “equal weight” rating on the stock in a research note on Friday, June 14th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock.
Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.35. Five9 Price Performance The stock has a market cap of $2.
11 billion, a PE ratio of -33.66 and a beta of 0.86.
The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.
39. The company’s fifty day moving average is $38.71 and its 200 day moving average is $49.
07. Five9 ( NASDAQ:FIVN – Get Free Report ) last posted its earnings results on Thursday, August 8th. The software maker reported ($0.
06) earnings per share for the quarter, beating 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 business had revenue of $252.09 million for the quarter, compared to analyst estimates of $244.54 million.
As a group, sell-side analysts anticipate that Five9, Inc. will post -0.09 earnings per share for the current fiscal year.
Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sylebra Capital LLC raised its holdings in shares of Five9 by 28.4% during the 2nd quarter.
Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after buying an additional 666,681 shares during the period. Clearline Capital LP acquired a new stake in Five9 in the second quarter valued at approximately $1,606,000. Dark Forest Capital Management LP purchased a new stake in shares of Five9 during the second quarter valued at approximately $336,000.
Armistice Capital LLC lifted its position in shares of Five9 by 56.7% during the second quarter. Armistice Capital LLC now owns 722,582 shares of the software maker’s stock worth $31,866,000 after purchasing an additional 261,476 shares in the last quarter.
Finally, Point72 Hong Kong Ltd purchased a new position in shares of Five9 in the second quarter valued at $411,000. Institutional investors and hedge funds own 96.64% of the company’s stock.
About Five9 ( Get Free Report ) 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. Further Reading Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.
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