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 firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.40, for a total value of $254,474.60. Following the completion of the transaction, the executive vice president now directly owns 126,359 shares of the company’s stock, valued at $4,220,390.60. The trade was a 5.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $42.09, for a total value of $320,683.71.

Five9 Trading Down 3.3 %

Five9 stock traded down $1.13 during midday trading on Tuesday, reaching $33.35. The stock had a trading volume of 2,895,343 shares, compared to its average volume of 1,645,916. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $63.79. The stock has a market capitalization of $2.53 billion, a PE ratio of -166.74, a price-to-earnings-growth ratio of 9.41 and a beta of 0.93. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The stock’s 50-day simple moving average is $39.84 and its 200 day simple moving average is $36.00.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The company had revenue of $278.66 million during the quarter, compared to analysts’ expectations of $267.70 million. Analysts expect that Five9, Inc. will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FIVN. Lindbrook Capital LLC raised its position in Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares during the period. Banque Transatlantique SA acquired a new position in shares of Five9 in the fourth quarter worth about $36,000. Johnson Financial Group Inc. acquired a new position in shares of Five9 in the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Five9 in the third quarter worth about $95,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company downgraded Five9 from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $55.00 to $40.00 in a research report on Tuesday, November 12th. DA Davidson raised their price target on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Morgan Stanley raised their price target on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Needham & Company LLC reissued a “buy” rating and set a $52.00 price target on shares of Five9 in a research report on Friday, February 21st. Finally, Barclays raised their price target on Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.65.

About Five9

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.