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.

COPYRIGHT VIOLATION NOTICE: “Five9, Inc. (FIVN) EVP Scott Welch Sells 3,902 Shares” was originally posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/five9-inc-fivn-evp-scott-welch-sells-3902-shares/1710607.html.

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.

About Five9

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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.