Leena Mansharamani Sells Shares of Five9, Inc. (NASDAQ:FIVN)

On December 4th, Leena Mansharamani, the Chief Accounting Officer (CAO) of Five9, Inc. (NASDAQ:FIVN), performed a stock transaction where she sold 1,346 shares of the company. The sale price averaged $41.33 per share, resulting in a total value of $55,630.18. After the sale, Mansharamani holds 35,526 shares of Five9, with a net worth of approximately $1,468,289.58. This transaction represents a 3.65% reduction in her overall position in the company. The details of this transaction were reported to the Securities and Exchange Commission (SEC) and can be viewed on the SEC's official site.

Five9 Stock Performance

As of midday trading on Friday, the stock price for Five9 increased by $0.71, bringing its value to $42.48. A total of 945,420 shares exchanged hands during this time, which is lower than the average volume of 1,519,590 shares. The company's fifty-day moving average is $34.11, while the two-hundred-day moving average stands at $37.17. Over the past year, Five9's stock has seen a low of $26.60 and a high of $85.00. The company has a market capitalization of $3.19 billion. Financially, it has a PE ratio of -84.96, a price-to-earnings-growth ratio of 25.02, and a beta of 0.92. The debt-to-equity ratio is at 1.32, indicating a moderate level of leverage, while both the quick and current ratios are recorded at 1.85.

Institutional Investor Activity

Recently, several hedge funds and institutional investors have adjusted their stakes in Five9. For instance, Signaturefd LLC boosted its holdings by an impressive 1,892.3% in the third quarter, now owning 1,036 shares valued at around $30,000 after acquiring an additional 984 shares. Additionally, the Healthcare of Ontario Pension Plan Trust Fund initiated a new position in the second quarter worth about $57,000. Quest Partners LLC also entered a new investment during the third quarter valued at $95,000, while Cetera Advisors LLC made an investment worth approximately $226,000 in the first quarter. Overall, institutional and hedge fund ownership of Five9 stands at a significant 96.64%.

Analysts' Insights on Five9

Several analysts have provided recent insights on Five9's stock. On November 12th, Wells Fargo & Company downgraded its rating from "overweight" to "equal weight," lowering the price target from $55.00 to $40.00. StockNews.com upgraded Five9 from a "sell" to a "hold" rating on August 8th. Roth Mkm also decreased its price target from $90.00 to $67.00 while maintaining a "buy" rating. Needham & Company reaffirmed its "buy" rating and set a price objective of $48.00 on November 8th. Meanwhile, Morgan Stanley reduced its price objective from $45.00 to $37.00 and retained its "equal weight" rating on the stock. In summary, out of the analysts covering Five9, six have rated it as a hold, with fourteen recommending it as a buy. According to MarketBeat, the average rating for the stock is "Moderate Buy" with a consensus price target of $59.22.

Overview of Five9, Inc.

Five9, Inc. operates in the contact center industry, providing cloud-based software solutions for businesses both in the United States and internationally. Its intelligent cloud platform offers various applications designed to streamline customer service, sales, and marketing functions within contact centers.

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