Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 1,031 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $43.47, for a total transaction of $44,817.57. Following the sale, the executive vice president now owns 77,992 shares in the company, valued at approximately $3,390,312.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Scott Welch also recently made the following trade(s):

  • On Tuesday, September 18th, Scott Welch sold 1,412 shares of Five9 stock. The stock was sold at an average price of $46.32, for a total transaction of $65,403.84.
  • On Wednesday, September 5th, Scott Welch sold 15,912 shares of Five9 stock. The stock was sold at an average price of $47.25, for a total transaction of $751,842.00.
  • On Thursday, August 23rd, Scott Welch sold 1,032 shares of Five9 stock. The stock was sold at an average price of $45.97, for a total transaction of $47,441.04.
  • On Monday, August 20th, Scott Welch sold 1,411 shares of Five9 stock. The stock was sold at an average price of $44.19, for a total transaction of $62,352.09.
  • On Monday, July 23rd, Scott Welch sold 1,031 shares of Five9 stock. The stock was sold at an average price of $35.94, for a total transaction of $37,054.14.
  • On Thursday, July 5th, Scott Welch sold 1,750 shares of Five9 stock. The stock was sold at an average price of $35.14, for a total transaction of $61,495.00.

Shares of FIVN opened at $44.02 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.96 and a quick ratio of 6.96. Five9 Inc has a 1 year low of $21.57 and a 1 year high of $49.50.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Monday, August 6th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Five9 had a negative net margin of 1.04% and a negative return on equity of 3.56%. The business had revenue of $61.12 million during the quarter, compared to analyst estimates of $56.42 million. Five9’s revenue for the quarter was up 28.1% on a year-over-year basis. sell-side analysts expect that Five9 Inc will post -0.06 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Brown Advisory Inc. grew its holdings in shares of Five9 by 34.3% in the first quarter. Brown Advisory Inc. now owns 24,153 shares of the software maker’s stock valued at $720,000 after purchasing an additional 6,172 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Five9 by 32.3% in the second quarter. First Trust Advisors LP now owns 104,440 shares of the software maker’s stock valued at $3,610,000 after purchasing an additional 25,497 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Five9 by 29.9% in the second quarter. Mutual of America Capital Management LLC now owns 263,499 shares of the software maker’s stock valued at $9,109,000 after purchasing an additional 60,659 shares in the last quarter. Algert Global LLC grew its holdings in shares of Five9 by 296.4% in the second quarter. Algert Global LLC now owns 74,677 shares of the software maker’s stock valued at $2,582,000 after purchasing an additional 55,837 shares in the last quarter. Finally, Pitcairn Co. purchased a new position in shares of Five9 in the second quarter valued at $316,000. 96.28% of the stock is owned by hedge funds and other institutional investors.

FIVN has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective for the company in a report on Thursday, August 9th. Bank of America increased their price objective on shares of Five9 from $21.00 to $25.00 and gave the company an “underperform” rating in a report on Tuesday, August 7th. BidaskClub raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a report on Friday, August 24th. JPMorgan Chase & Co. increased their price objective on shares of Five9 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, August 7th. Finally, Stifel Nicolaus initiated coverage on shares of Five9 in a report on Wednesday, July 11th. They set a “hold” rating and a $36.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Five9 currently has an average rating of “Buy” and a consensus price target of $39.36.

About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers virtual contact center cloud platform that delivers a suite of applications which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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