Michael Burkland Sells 24,000 Shares of Five9 Inc (FIVN) Stock

Five9 Inc (NASDAQ:FIVN) Director Michael Burkland sold 24,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $26.54, for a total value of $636,960.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Michael Burkland also recently made the following trade(s):

  • On Tuesday, January 16th, Michael Burkland sold 24,000 shares of Five9 stock. The stock was sold at an average price of $23.78, for a total value of $570,720.00.
  • On Friday, December 15th, Michael Burkland sold 24,000 shares of Five9 stock. The stock was sold at an average price of $23.86, for a total value of $572,640.00.
  • On Monday, November 20th, Michael Burkland sold 24,000 shares of Five9 stock. The stock was sold at an average price of $24.78, for a total value of $594,720.00.

Five9 Inc (FIVN) opened at $26.78 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.17. Five9 Inc has a twelve month low of $15.77 and a twelve month high of $27.81.

Several equities analysts recently weighed in on FIVN shares. SunTrust Banks started coverage on Five9 in a research report on Wednesday, January 31st. They set a “buy” rating and a $30.00 price objective for the company. KeyCorp reissued a “buy” rating and set a $27.00 price objective on shares of Five9 in a research report on Friday, October 27th. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Monday, November 13th. BidaskClub cut Five9 from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, ValuEngine raised Five9 from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $26.89.

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its holdings in Five9 by 31.4% in the 3rd quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock valued at $36,598,000 after acquiring an additional 366,166 shares in the last quarter. Sei Investments Co. raised its holdings in Five9 by 44.7% in the 3rd quarter. Sei Investments Co. now owns 19,283 shares of the software maker’s stock valued at $461,000 after acquiring an additional 5,961 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in Five9 in the 3rd quarter valued at approximately $1,087,000. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Five9 by 173.2% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 101,052 shares of the software maker’s stock valued at $2,415,000 after acquiring an additional 64,070 shares in the last quarter. Finally, Mutual of America Capital Management LLC acquired a new position in Five9 in the 3rd quarter valued at approximately $2,813,000. 92.88% of the stock is owned by hedge funds and other institutional investors.

WARNING: “Michael Burkland Sells 24,000 Shares of Five9 Inc (FIVN) Stock” was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://stocknewstimes.com/2018/02/19/michael-burkland-sells-24000-shares-of-five9-inc-fivn-stock-2.html.

Five9 Company Profile

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).

Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply