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SAN RAMON, CA—Michael Burkland, Chief Executive Officer of Five9, Inc. (NASDAQ:FIVN), a $2.18 billion market cap company that has shown strong momentum with a 5.7% gain last week, recently executed a series of stock transactions involving the sale of 18,069 shares of common stock. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimate. The transactions, conducted on June 3 and June 4, were carried out under a pre-established Rule 10b5-1 trading plan. The sales were primarily to cover tax obligations associated with the vesting of restricted stock units. With 17 analysts recently revising their earnings estimates upward and a consensus recommendation of 1.78 (Strong Buy), the market maintains a positive outlook on Five9’s prospects.
The shares were sold at prices ranging from $27.01 to $28.28 per share, resulting in a total transaction value of approximately $497,027. Following these transactions, Burkland holds 385,987 shares directly and an additional 133,026 shares indirectly by trust.
These sales are part of a planned strategy and do not indicate any discretionary trading by Burkland. Investors and interested parties can request further details regarding the specific prices and number of shares sold at each price from Five9, Inc. For deeper insights into insider trading patterns and 11 additional ProTips about Five9, including detailed financial health metrics and comprehensive valuation analysis, visit InvestingPro.
In other recent news, Five9, Inc. reported its first-quarter results for fiscal year 2025, surpassing expectations in both revenue and earnings. The company achieved a 13% year-over-year increase in revenue and reaffirmed its full-year revenue growth guidance of 10%. Despite these positive results, UBS adjusted its price target for Five9 from $55.00 to $35.00, maintaining a Buy rating, due to a more conservative valuation following mixed earnings outcomes. DA Davidson also held a Neutral rating on Five9, citing limited visibility into top-line growth, while maintaining a price target of $25.00. Meanwhile, Cantor Fitzgerald reaffirmed its Overweight rating with a $36.00 price target, highlighting Five9’s strong performance in operating income and free cash flow.
Five9 held its 2025 annual meeting, where stockholders elected three Class II directors and approved executive compensation. KPMG LLP was ratified as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. Additionally, Five9’s management has set financial goals for 2027, aiming to achieve the Rule of 40, with expectations of 10-15% revenue growth and 25-30% profit margins. The company also plans to present at the William Blair Growth Stock Conference in June, offering insights into its market approach and future plans. These developments indicate Five9’s strategic efforts to navigate market conditions and focus on long-term growth objectives.
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