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

Five9, Inc. (NASDAQ:FIVNGet Free Report) 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:FIVNGet Free Report) 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.

Get Our Latest Stock Report on Five9

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

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

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