Kimberly Alexy Sells 7,155 Shares of Five9 Inc (NASDAQ:FIVN) Stock
Five9 Inc (NASDAQ:FIVN) Director Kimberly Alexy sold 7,155 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $50.50, for a total value of $361,327.50. Following the transaction, the director now owns 3,407 shares of the company’s stock, valued at $172,053.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:FIVN traded up $2.16 during midday trading on Wednesday, reaching $50.04. The company had a trading volume of 687,800 shares, compared to its average volume of 819,540. The firm has a market cap of $2.88 billion, a PE ratio of 333.60 and a beta of 0.62. Five9 Inc has a 12-month low of $31.64 and a 12-month high of $57.90. The company has a current ratio of 6.12, a quick ratio of 6.12 and a debt-to-equity ratio of 1.37.
Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, May 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. The firm had revenue of $74.54 million during the quarter, compared to analyst estimates of $70.81 million. Five9 had a positive return on equity of 8.35% and a negative net margin of 0.56%. Five9’s revenue was up 26.5% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. Equities analysts forecast that Five9 Inc will post -0.03 EPS for the current year.
FIVN has been the subject of several research analyst reports. Morgan Stanley set a $58.00 price target on Five9 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Needham & Company LLC raised their price target on Five9 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Craig Hallum lowered their price target on Five9 from $64.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, February 20th. Canaccord Genuity raised their price target on Five9 from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. They noted that the move was a valuation call. Finally, SunTrust Banks raised their price target on Five9 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Five9 presently has an average rating of “Buy” and a consensus target price of $53.54.
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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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