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Insider Selling: Five9 Inc (NASDAQ:FIVN) CMO Sells 3,007 Shares of Stock

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Five9 Inc (NASDAQ:FIVN) CMO Ryan Kam sold 3,007 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $67.33, for a total transaction of $202,461.31. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ryan Kam also recently made the following trade(s):

Shares of Five9 stock traded up $0.25 during trading hours on Monday, hitting $66.38. The company’s stock had a trading volume of 10,549 shares, compared to its average volume of 537,886. Five9 Inc has a 1-year low of $38.61 and a 1-year high of $69.86. The business has a fifty day moving average of $61.16 and a 200 day moving average of $56.30. The company has a market capitalization of $4.04 billion, a PE ratio of 442.22, a P/E/G ratio of 62.98 and a beta of 0.73. The company has a quick ratio of 6.09, a current ratio of 6.09 and a debt-to-equity ratio of 1.19.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. Five9 had a negative net margin of 0.54% and a positive return on equity of 7.91%. The company had revenue of $83.77 million during the quarter, compared to analyst estimates of $78.69 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Five9 Inc will post 0.11 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on FIVN shares. ValuEngine downgraded shares of Five9 from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. BidaskClub raised shares of Five9 from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Roth Capital increased their price target on shares of Five9 from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $70.00 price target (up previously from $65.00) on shares of Five9 in a research note on Wednesday, November 6th. Finally, Guggenheim increased their price target on shares of Five9 from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. Five9 has a consensus rating of “Buy” and a consensus price target of $65.23.

Several institutional investors have recently added to or reduced their stakes in FIVN. Millennium Management LLC increased its position in shares of Five9 by 126.4% in the third quarter. Millennium Management LLC now owns 268,441 shares of the software maker’s stock worth $14,426,000 after acquiring an additional 1,287,141 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Five9 in the second quarter worth $44,653,000. First Trust Advisors LP grew its holdings in Five9 by 435.6% during the 2nd quarter. First Trust Advisors LP now owns 438,698 shares of the software maker’s stock valued at $22,501,000 after purchasing an additional 356,792 shares in the last quarter. Voya Investment Management LLC grew its holdings in Five9 by 49.2% during the 3rd quarter. Voya Investment Management LLC now owns 1,009,543 shares of the software maker’s stock valued at $54,253,000 after purchasing an additional 332,721 shares in the last quarter. Finally, Eventide Asset Management LLC grew its holdings in Five9 by 25.0% during the 3rd quarter. Eventide Asset Management LLC now owns 1,250,000 shares of the software maker’s stock valued at $67,175,000 after purchasing an additional 250,000 shares in the last quarter.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers 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; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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