Five9 Inc (NASDAQ:FIVN) CFO Barry Zwarenstein sold 4,372 shares of Five9 stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $56.93, for a total transaction of $248,897.96. Following the completion of the sale, the chief financial officer now directly owns 108,392 shares in the company, valued at approximately $6,170,756.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Barry Zwarenstein also recently made the following trade(s):

  • On Wednesday, August 14th, Barry Zwarenstein sold 7,663 shares of Five9 stock. The shares were sold at an average price of $61.47, for a total transaction of $471,044.61.
  • On Monday, July 15th, Barry Zwarenstein sold 7,663 shares of Five9 stock. The shares were sold at an average price of $52.05, for a total transaction of $398,859.15.

FIVN traded down $1.21 on Friday, hitting $53.93. 405,440 shares of the company’s stock were exchanged, compared to its average volume of 549,352. Five9 Inc has a fifty-two week low of $34.66 and a fifty-two week high of $65.45. The company has a current ratio of 6.41, a quick ratio of 6.41 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $59.31 and a 200-day moving average price of $53.41. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 359.53, a P/E/G ratio of 173.17 and a beta of 0.58.

Five9 (NASDAQ:FIVN) last announced its earnings results on Wednesday, July 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.07. Five9 had a negative net margin of 0.47% and a positive return on equity of 8.90%. The company had revenue of $77.44 million for the quarter, compared to analysts’ expectations of $72.42 million. During the same quarter in the previous year, the company posted $0.11 EPS. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. On average, equities analysts predict that Five9 Inc will post 0.03 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Atria Investments LLC raised its holdings in shares of Five9 by 43.1% during the 2nd quarter. Atria Investments LLC now owns 6,159 shares of the software maker’s stock worth $387,000 after acquiring an additional 1,854 shares during the period. Natixis purchased a new position in shares of Five9 during the 2nd quarter worth $1,808,000. Chartwell Investment Partners LLC raised its holdings in shares of Five9 by 1.0% during the 2nd quarter. Chartwell Investment Partners LLC now owns 118,033 shares of the software maker’s stock worth $6,054,000 after acquiring an additional 1,147 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Five9 by 4.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,213 shares of the software maker’s stock worth $426,000 after acquiring an additional 348 shares during the period. Finally, Private Capital Group LLC raised its holdings in shares of Five9 by 27.5% during the 2nd quarter. Private Capital Group LLC now owns 1,283 shares of the software maker’s stock worth $44,000 after acquiring an additional 277 shares during the period.

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity lifted their price target on shares of Five9 from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. KeyCorp reaffirmed a “hold” rating on shares of Five9 in a research note on Wednesday, July 31st. Rosenblatt Securities started coverage on shares of Five9 in a research note on Wednesday, September 4th. They set a “neutral” rating and a $73.00 target price on the stock. BidaskClub cut shares of Five9 from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Finally, Zacks Investment Research cut shares of Five9 from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Five9 presently has an average rating of “Buy” and a consensus target price of $58.83.

About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company 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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Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

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