Michael J. Burdiek Sells 7,000 Shares of Five9 Inc (FIVN) Stock
Five9 Inc (NASDAQ:FIVN) Director Michael J. Burdiek sold 7,000 shares of Five9 stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $30.07, for a total value of $210,490.00. Following the completion of the transaction, the director now owns 41,964 shares in the company, valued at approximately $1,261,857.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Five9 Inc (FIVN) opened at $31.38 on Friday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.04. Five9 Inc has a twelve month low of $15.80 and a twelve month high of $32.00.
Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The company had revenue of $55.40 million for the quarter, compared to analysts’ expectations of $52.31 million. Five9 had a negative return on equity of 27.57% and a negative net margin of 4.48%. Five9’s revenue for the quarter was up 25.3% on a year-over-year basis. equities research analysts predict that Five9 Inc will post -0.15 earnings per share for the current year.
FIVN has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on Five9 from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price on shares of Five9 in a research report on Friday, November 10th. SunTrust Banks initiated coverage on Five9 in a research report on Wednesday, January 31st. They issued a “buy” rating and a $30.00 target price on the stock. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Monday, November 13th. Finally, Barclays cut Five9 from an “overweight” rating to an “equal weight” rating and set a $27.00 target price on the stock. in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Five9 presently has an average rating of “Buy” and an average price target of $26.60.
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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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