Insider Selling: Five9 Inc (FIVN) EVP Sells 1,412 Shares of Stock

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Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 1,412 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $49.07, for a total transaction of $69,286.84. Following the completion of the sale, the executive vice president now directly owns 76,329 shares in the company, valued at $3,745,464.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, March 25th, Scott Welch sold 1,031 shares of Five9 stock. The shares were sold at an average price of $53.11, for a total transaction of $54,756.41.
  • On Monday, March 18th, Scott Welch sold 1,411 shares of Five9 stock. The shares were sold at an average price of $55.09, for a total transaction of $77,731.99.
  • On Tuesday, March 5th, Scott Welch sold 11,351 shares of Five9 stock. The shares were sold at an average price of $51.68, for a total transaction of $586,619.68.
  • On Monday, February 25th, Scott Welch sold 1,031 shares of Five9 stock. The shares were sold at an average price of $53.30, for a total transaction of $54,952.30.
  • On Tuesday, February 19th, Scott Welch sold 1,411 shares of Five9 stock. The shares were sold at an average price of $54.41, for a total transaction of $76,772.51.
  • On Wednesday, January 23rd, Scott Welch sold 1,032 shares of Five9 stock. The stock was sold at an average price of $46.17, for a total transaction of $47,647.44.
  • On Friday, January 18th, Scott Welch sold 1,412 shares of Five9 stock. The stock was sold at an average price of $47.65, for a total transaction of $67,281.80.

FIVN stock opened at $49.55 on Friday. The company has a current ratio of 6.96, a quick ratio of 6.96 and a debt-to-equity ratio of 1.41. Five9 Inc has a one year low of $26.92 and a one year high of $57.90. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 353.93 and a beta of 0.62.

Five9 (NASDAQ:FIVN) last issued its earnings results on Tuesday, February 19th. The software maker reported $0.11 EPS for the quarter, topping the consensus estimate of $0.01 by $0.10. Five9 had a negative net margin of 0.09% and a positive return on equity of 7.20%. The company had revenue of $72.34 million for the quarter, compared to the consensus estimate of $66.53 million. On average, analysts anticipate that Five9 Inc will post -0.05 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Flinton Capital Management LLC purchased a new position in shares of Five9 in the fourth quarter worth $30,000. Mckinley Capital Management LLC Delaware purchased a new position in shares of Five9 in the fourth quarter worth $34,000. Private Capital Group LLC increased its stake in shares of Five9 by 263.4% in the fourth quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock worth $46,000 after buying an additional 769 shares during the period. Bank of Montreal Can increased its stake in shares of Five9 by 58.3% in the fourth quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock worth $49,000 after buying an additional 418 shares during the period. Finally, Strs Ohio increased its stake in shares of Five9 by 112.5% in the fourth quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock worth $148,000 after buying an additional 1,800 shares during the period.

Several research analysts have commented on FIVN shares. Morgan Stanley raised shares of Five9 from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $37.00 to $54.00 in a research note on Monday, January 7th. Needham & Company LLC lifted their price target on shares of Five9 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Bank of America reissued an “underperform” rating and set a $33.00 price target (up from $28.00) on shares of Five9 in a research note on Wednesday, February 20th. KeyCorp reissued a “hold” rating on shares of Five9 in a research note on Tuesday, February 19th. Finally, Canaccord Genuity lifted their price target on shares of Five9 from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $52.38.

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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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