Five9 Inc (NASDAQ:FIVN) CFO Sells $471,044.61 in Stock

Five9 Inc (NASDAQ:FIVN) CFO Barry Zwarenstein sold 7,663 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $61.47, for a total transaction of $471,044.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Monday, July 15th, Barry Zwarenstein sold 7,663 shares of Five9 stock. The stock was sold at an average price of $52.05, for a total transaction of $398,859.15.
  • On Friday, June 14th, Barry Zwarenstein sold 7,663 shares of Five9 stock. The stock was sold at an average price of $50.31, for a total transaction of $385,525.53.
  • On Tuesday, June 4th, Barry Zwarenstein sold 3,118 shares of Five9 stock. The stock was sold at an average price of $46.41, for a total transaction of $144,706.38.

Shares of Five9 stock traded up $1.49 during midday trading on Friday, reaching $63.54. The company had a trading volume of 441,484 shares, compared to its average volume of 860,676. 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 company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 424.00, a price-to-earnings-growth ratio of 149.33 and a beta of 0.56. The stock has a fifty day simple moving average of $53.28 and a 200 day simple moving average of $52.12. Five9 Inc has a 1-year low of $34.66 and a 1-year high of $64.14.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.07. The business had revenue of $77.44 million during the quarter, compared to analyst estimates of $72.42 million. Five9 had a negative net margin of 0.47% and a positive return on equity of 8.90%. Five9’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. Sell-side analysts expect that Five9 Inc will post 0.04 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the stock. Capital Investment Advisory Services LLC boosted its stake in Five9 by 1,008.0% in the second quarter. Capital Investment Advisory Services LLC now owns 554 shares of the software maker’s stock valued at $27,000 after acquiring an additional 504 shares during the last quarter. Winslow Evans & Crocker Inc. bought a new position in Five9 in the first quarter valued at approximately $30,000. Pearl River Capital LLC bought a new position in Five9 in the first quarter valued at approximately $32,000. NEXT Financial Group Inc bought a new position in Five9 in the second quarter valued at approximately $39,000. Finally, Dorsey Wright & Associates boosted its stake in Five9 by 33.3% in the second quarter. Dorsey Wright & Associates now owns 788 shares of the software maker’s stock valued at $40,000 after acquiring an additional 197 shares during the last quarter. 99.90% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on FIVN. Summit Insights raised shares of Five9 from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. KeyCorp reaffirmed a “hold” rating on shares of Five9 in a report on Wednesday, July 31st. Dougherty & Co raised shares of Five9 from a “neutral” rating to a “buy” rating in a report on Thursday, August 1st. BidaskClub raised shares of Five9 from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. Finally, Stephens reaffirmed a “hold” rating and set a $53.00 price objective on shares of Five9 in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $57.55.

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.

Read More: What does a hold rating mean?

Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

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