Scott Welch Sells 89,989 Shares of Five9, Inc. (FIVN) Stock
Five9, Inc. (NASDAQ:FIVN) EVP Scott Welch sold 89,989 shares of Five9 stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $24.66, for a total transaction of $2,219,128.74. Following the transaction, the executive vice president now directly owns 169,158 shares in the company, valued at approximately $4,171,436.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Scott Welch also recently made the following trade(s):
- On Thursday, November 16th, Scott Welch sold 3,902 shares of Five9 stock. The shares were sold at an average price of $25.30, for a total transaction of $98,720.60.
Five9, Inc. (NASDAQ:FIVN) opened at $24.81 on Friday. Five9, Inc. has a 1-year low of $12.58 and a 1-year high of $27.81. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.17 and a current ratio of 2.17.
Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The firm had revenue of $50.08 million for the quarter, compared to the consensus estimate of $48.20 million. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. analysts expect that Five9, Inc. will post -0.18 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its position in Five9 by 4,389.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after purchasing an additional 5,443 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in Five9 in the third quarter worth $195,000. Tudor Investment Corp ET AL bought a new stake in Five9 in the second quarter worth $202,000. Janney Montgomery Scott LLC bought a new stake in Five9 in the third quarter worth $211,000. Finally, Principal Financial Group Inc. bought a new stake in Five9 in the second quarter worth $219,000. 91.61% of the stock is currently owned by hedge funds and other institutional investors.
FIVN has been the topic of several analyst reports. Northland Securities reaffirmed a “buy” rating and set a $25.00 price target on shares of Five9 in a report on Friday, September 1st. Morgan Stanley lifted their price target on shares of Five9 from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. Canaccord Genuity lifted their price target on shares of Five9 from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, September 27th. Zacks Investment Research downgraded shares of Five9 from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Finally, KeyCorp reaffirmed a “buy” rating and set a $27.00 price target on shares of Five9 in a report on Friday, October 27th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $26.43.
Five9 Company Profile
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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