Five9, Inc. (FIVN) EVP Scott Welch Sells 3,902 Shares
Five9, Inc. (NASDAQ:FIVN) EVP Scott Welch sold 3,902 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $25.30, for a total value of $98,720.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Five9, Inc. (NASDAQ:FIVN) traded down $0.09 during trading on Friday, reaching $24.80. The company’s stock had a trading volume of 388,547 shares, compared to its average volume of 470,656. Five9, Inc. has a 1 year low of $12.58 and a 1 year high of $27.81. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.04.
Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. Five9 had a return on equity of 10.60% and a net margin of 1.85%. The firm had revenue of $50.08 million for the quarter, compared to analysts’ expectations of $48.20 million. The business’s quarterly revenue was up 22.2% on a year-over-year basis. equities analysts anticipate that Five9, Inc. will post -0.19 earnings per share for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in FIVN. American International Group Inc. grew its position in Five9 by 7.1% in the first quarter. American International Group Inc. now owns 20,344 shares of the software maker’s stock valued at $335,000 after acquiring an additional 1,349 shares during the last quarter. FMR LLC boosted its stake in shares of Five9 by 60.0% during the first quarter. FMR LLC now owns 800,000 shares of the software maker’s stock valued at $13,168,000 after purchasing an additional 300,000 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Five9 by 9.6% during the first quarter. Teachers Advisors LLC now owns 178,564 shares of the software maker’s stock valued at $2,939,000 after purchasing an additional 15,582 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Five9 by 10.1% during the first quarter. TIAA CREF Investment Management LLC now owns 237,889 shares of the software maker’s stock valued at $3,916,000 after purchasing an additional 21,849 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Five9 by 28.2% during the first quarter. Vanguard Group Inc. now owns 2,626,988 shares of the software maker’s stock valued at $43,240,000 after purchasing an additional 577,738 shares in the last quarter. Hedge funds and other institutional investors own 91.67% of the company’s stock.
A number of research analysts recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $26.00 price target (up previously from $21.00) on shares of Five9 in a research report on Wednesday, August 9th. KeyCorp restated an “overweight” rating and issued a $29.00 price target (up previously from $27.00) on shares of Five9 in a research report on Wednesday, November 8th. Morgan Stanley raised their price target on Five9 from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. Canaccord Genuity restated a “buy” rating and issued a $28.00 price target on shares of Five9 in a research report on Thursday, November 9th. Finally, ValuEngine upgraded Five9 from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.43.
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).
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