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SAN RAMON, Calif.—Leena Mansharamani, Senior Vice President and Chief Accounting Officer at Five9, Inc. (NASDAQ:FIVN), recently sold shares of the company’s common stock. According to a filing with the Securities and Exchange Commission, Mansharamani sold a total of 1,517 shares on March 4, 2025, at an average price of $33.23 per share, amounting to approximately $50,409. The transaction comes as Five9’s stock, currently valued at $2.5 billion by market capitalization, trades near its 52-week low of $26.60, having declined over 43% in the past year.
The transaction was made to cover tax withholding obligations related to the vesting and settlement of restricted stock units, as mandated by Five9, Inc. This sale was not a discretionary trade by Mansharamani. Following this transaction, Mansharamani retains ownership of 48,300 shares of Five9 stock. According to InvestingPro analysis, the stock appears undervalued, with analysts maintaining a bullish consensus and 8 analysts recently revising earnings estimates upward.
The sale was part of a broader transaction that involved other employees of Five9, Inc. The price applied to the shares was a weighted average, reflecting sales made to cover taxes upon the vesting of restricted stock units for all employees on the specified date. While the company currently operates with moderate debt levels, InvestingPro data reveals strong liquidity with current assets exceeding short-term obligations. For deeper insights into Five9’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Five9, Inc. reported fourth-quarter 2024 earnings that exceeded analyst expectations, with an earnings per share (EPS) of $0.79, surpassing the forecast of $0.70. The company’s revenue reached $278.7 million, exceeding the expected $267.67 million, driven by a 17% year-over-year growth in revenue and a 19% increase in subscription revenue. Following the earnings announcement, analysts at Rosenblatt Securities and Cantor Fitzgerald raised their price targets for Five9 to $58 and $57, respectively, maintaining positive ratings on the stock due to the company’s strong performance and AI momentum.
The integration of artificial intelligence (AI) into Five9’s platform has been a significant contributor to its success, with AI revenue growing 46% year-over-year. AI bookings accounted for over 20% of new enterprise logo bookings, and the company achieved a 100% attach rate on deals with annual recurring revenue (ARR) exceeding $1 million. Analysts at Needham maintained their Buy rating and $52 price target, expressing confidence in Five9’s potential in the next-generation contact center market.
Five9 also announced executive changes, with CFO Barry Zwarenstein retiring and Bryan Lee stepping in as interim CFO. The company provided a positive outlook for 2025, projecting revenue of $1.14 billion, which represents an 11.5% increase from previous guidance. As Five9 continues to expand its AI capabilities and strategic partnerships, its focus on subscription services and AI-driven innovations positions it well for sustained growth.
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