Panos Kozanian Sells 7,619 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) EVP Panos Kozanian sold 7,619 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.40, for a total transaction of $254,474.60. Following the completion of the sale, the executive vice president now owns 126,359 shares in the company, valued at $4,220,390.60. This represents a 5.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Panos Kozanian also recently made the following trade(s):

• On Wednesday, December 4th, Panos Kozanian sold 7,619 shares of Five9 stock. The stock was sold at an average price of $42.09, for a total transaction of $320,683.71.

Five9 Stock Performance

FIVN stock opened at $32.89 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The business has a 50-day moving average price of $39.49 and a 200 day moving average price of $35.97. The company has a market capitalization of $2.49 billion, a P/E ratio of -164.44, a PEG ratio of 9.41 and a beta of 0.93. Five9, Inc. has a 1-year low of $26.60 and a 1-year high of $63.79.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The firm had revenue of $278.66 million during the quarter, compared to the consensus estimate of $267.70 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. As a group, equities research analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FIVN has been the subject of several recent analyst reports. Truist Financial reaffirmed a “buy” rating and set a $65.00 price objective on shares of Five9 in a research note on Tuesday, December 17th. Barclays lifted their price objective on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Morgan Stanley lifted their price objective on shares of Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. William Blair reaffirmed an “outperform” rating on shares of Five9 in a research note on Friday, February 21st. Finally, Wells Fargo & Company lowered shares of Five9 from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $55.00 to $40.00 in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Five9 has a consensus rating of “Moderate Buy” and an average price target of $57.65.

Hedge Funds Weigh In On Five9

A number of large investors have recently added to or reduced their stakes in the company. Menard Financial Group LLC bought a new position in Five9 in the fourth quarter worth about $206,000. Jefferies Financial Group Inc. bought a new position in Five9 in the fourth quarter worth about $1,048,000. Sylebra Capital LLC raised its holdings in Five9 by 59.4% in the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock worth $152,228,000 after purchasing an additional 1,396,496 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Five9 by 261.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 682,728 shares of the software maker’s stock worth $27,746,000 after purchasing an additional 493,709 shares in the last quarter. Finally, Tremblant Capital Group raised its holdings in Five9 by 24.3% in the fourth quarter. Tremblant Capital Group now owns 654,174 shares of the software maker’s stock worth $26,586,000 after purchasing an additional 127,979 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

Five9 Company Profile

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.