Leena Mansharamani Sells 1,135 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) CAO Leena Mansharamani sold 1,135 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $30.20, for a total transaction of $34,277.00. Following the completion of the sale, the chief accounting officer now owns 47,165 shares of the company’s stock, valued at $1,424,383. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Leena Mansharamani also recently made the following trade(s):

• On Tuesday, March 4th, Leena Mansharamani sold 1,517 shares of Five9 stock. The shares were sold at an average price of $33.23, for a total transaction of $50,409.91.

Five9 Stock Performance

Shares of FIVN opened at $29.48 on Friday. 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, Inc. has a twelve month low of $26.60 and a twelve month high of $63.79. The firm’s 50 day moving average price is $38.19 and its two-hundred day moving average price is $35.80. The firm has a market cap of $2.23 billion, a P/E ratio of -147.39, a PEG ratio of 9.41 and a beta of 1.01.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The company had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. On average, analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Analyst Ratings Changes

FIVN has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and issued a $52.00 price objective on shares of Five9 in a research report on Friday, February 21st. Rosenblatt Securities lifted their price target on shares of Five9 from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Truist Financial reiterated a “buy” rating and set a $65.00 price target on shares of Five9 in a research report on Tuesday, December 17th. Barclays lifted their price target on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Piper Sandler lifted their price target on shares of Five9 from $46.00 to $53.00 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 issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.65.

Institutional Trading of Five9

Institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC lifted its position in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after purchasing an additional 520 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of Five9 in the fourth quarter worth $36,000. Johnson Financial Group Inc. bought a new stake in shares of Five9 in the fourth quarter worth $47,000. Steward Partners Investment Advisory LLC lifted its position in shares of Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after purchasing an additional 2,571 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

About Five9

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.