Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 1,411 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $44.19, for a total transaction of $62,352.09. Following the transaction, the executive vice president now directly owns 92,534 shares of the company’s stock, valued at approximately $4,089,077.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • 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, 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.
  • On Tuesday, June 5th, Scott Welch sold 32,397 shares of Five9 stock. The stock was sold at an average price of $37.06, for a total transaction of $1,200,632.82.

Five9 stock traded up $1.17 during mid-day trading on Friday, reaching $47.46. 636,143 shares of the company’s stock were exchanged, compared to its average volume of 881,201. The firm has a market cap of $2.62 billion, a PE ratio of -279.18 and a beta of 0.12. Five9 Inc has a twelve month low of $20.42 and a twelve month high of $47.50. The company has a quick ratio of 6.96, a current ratio of 6.96 and a debt-to-equity ratio of 1.66.

Five9 (NASDAQ:FIVN) last released its earnings results on Monday, August 6th. The software maker reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.07. The company had revenue of $61.12 million for the quarter, compared to analyst estimates of $56.42 million. Five9 had a negative net margin of 1.04% and a negative return on equity of 3.56%. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. equities research analysts anticipate that Five9 Inc will post -0.05 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Five9 by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 403,875 shares of the software maker’s stock valued at $13,963,000 after purchasing an additional 18,430 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of Five9 in the 2nd quarter valued at $110,000. Verition Fund Management LLC acquired a new stake in shares of Five9 in the 2nd quarter valued at $423,000. Jane Street Group LLC raised its holdings in shares of Five9 by 128.9% in the 2nd quarter. Jane Street Group LLC now owns 13,711 shares of the software maker’s stock valued at $474,000 after purchasing an additional 61,133 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Five9 by 84.4% in the 2nd quarter. California Public Employees Retirement System now owns 69,980 shares of the software maker’s stock valued at $2,419,000 after purchasing an additional 32,036 shares in the last quarter. Institutional investors and hedge funds own 93.82% of the company’s stock.

A number of equities analysts recently weighed in on the stock. 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 research report on Thursday, August 9th. BidaskClub upgraded shares of Five9 from a “buy” rating to a “strong-buy” rating in a report on Friday. Northland Securities reiterated a “buy” rating and set a $48.00 target price on shares of Five9 in a report on Tuesday, August 7th. Bank of America increased their target price on shares of Five9 from $21.00 to $25.00 and gave the stock an “underperform” rating in a report on Tuesday, August 7th. Finally, Stifel Nicolaus assumed coverage on shares of Five9 in a report on Wednesday, July 11th. They set a “hold” rating and a $36.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.00.

Five9 Company Profile

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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