Five9, Inc. (FIVN) EVP Daniel P. Burkland Sells 10,000 Shares
Five9, Inc. (NASDAQ:FIVN) EVP Daniel P. Burkland sold 10,000 shares of Five9 stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $22.12, for a total transaction of $221,200.00. Following the completion of the sale, the executive vice president now directly owns 146,436 shares of the company’s stock, valued at approximately $3,239,164.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Daniel P. Burkland also recently made the following trade(s):
- On Monday, August 21st, Daniel P. Burkland sold 10,000 shares of Five9 stock. The stock was sold at an average price of $20.41, for a total transaction of $204,100.00.
Shares of Five9, Inc. (NASDAQ:FIVN) traded up 1.27% on Friday, reaching $22.29. 173,344 shares of the company traded hands. The company has a 50-day moving average of $21.30 and a 200-day moving average of $20.44. The stock’s market capitalization is $1.23 billion. Five9, Inc. has a 1-year low of $12.58 and a 1-year high of $24.80.
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Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its position in Five9 by 4,389.5% during the second quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after acquiring an additional 5,443 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Five9 during the second quarter worth about $202,000. Principal Financial Group Inc. acquired a new position in Five9 during the second quarter worth about $219,000. Oxford Asset Management acquired a new position in Five9 during the first quarter worth about $174,000. Finally, D.A. Davidson & CO. boosted its position in Five9 by 20.8% during the second quarter. D.A. Davidson & CO. now owns 11,476 shares of the software maker’s stock worth $246,000 after acquiring an additional 1,976 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.
A number of equities research analysts have commented on the stock. Canaccord Genuity lifted their target price on shares of Five9 from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. BidaskClub downgraded shares of Five9 from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Northland Securities reissued a “buy” rating and set a $25.00 price objective on shares of Five9 in a research report on Friday, September 1st. Needham & Company LLC reissued a “buy” rating and set a $26.00 price objective (up previously from $21.00) on shares of Five9 in a research report on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.88.
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).
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