Five9, Inc. (NASDAQ:FIVN - Get Free Report) CFO Barry Zwarenstein sold 2,468 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.23, for a total value of $82,011.64. Following the completion of the sale, the chief financial officer now directly owns 92,583 shares of the company's stock, valued at approximately $3,076,533.09. This trade represents a 2.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of FIVN stock traded down $1.45 during trading hours on Thursday, hitting $32.89. The company had a trading volume of 1,462,493 shares, compared to its average volume of 1,649,888. Five9, Inc. has a 12 month low of $26.60 and a 12 month high of $63.79. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of -164.44, a PEG ratio of 9.41 and a beta of 0.93. The firm's fifty day moving average is $39.49 and its 200 day moving average is $35.97. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.
Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The company had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. On average, sell-side analysts predict that Five9, Inc. will post 0.28 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Lindbrook Capital LLC grew its stake in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after purchasing an additional 520 shares during the period. Banque Transatlantique SA acquired a new position in shares of Five9 in the 4th quarter worth approximately $36,000. Johnson Financial Group Inc. acquired a new position in shares of Five9 in the 4th quarter worth approximately $47,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Five9 by 3,955.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker's stock worth $107,000 after acquiring an additional 2,571 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.
FIVN has been the subject of several recent analyst reports. Barclays raised their target price on Five9 from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Needham & Company LLC reissued a "buy" rating and set a $52.00 price objective on shares of Five9 in a research report on Friday, February 21st. Truist Financial reissued a "buy" rating and set a $65.00 price objective on shares of Five9 in a research report on Tuesday, December 17th. Rosenblatt Securities boosted their price target on Five9 from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Cantor Fitzgerald boosted their price target on Five9 from $46.00 to $57.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $57.65.
View Our Latest Analysis on FIVN
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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