Insider Selling: Five9 Inc (FIVN) EVP Sells $85,141.64 in Stock

Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 3,902 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $21.82, for a total transaction of $85,141.64. Following the completion of the transaction, the executive vice president now owns 150,719 shares of the company’s stock, valued at approximately $3,288,688.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, March 6th, Scott Welch sold 9,062 shares of Five9 stock. The shares were sold at an average price of $16.36, for a total transaction of $148,254.32.
  • On Friday, February 17th, Scott Welch sold 3,902 shares of Five9 stock. The shares were sold at an average price of $16.55, for a total transaction of $64,578.10.

Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, May 3rd. The software maker reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. Five9 had a negative net margin of 10.26% and a negative return on equity of 53.47%. The business had revenue of $47.01 million for the quarter, compared to the consensus estimate of $44.67 million. During the same period in the previous year, the firm earned ($0.05) EPS. The business’s revenue for the quarter was up 23.6% on a year-over-year basis.

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

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Several hedge funds have recently added to or reduced their stakes in FIVN. Bogle Investment Management L P DE increased its stake in Five9 by 0.3% in the first quarter. Bogle Investment Management L P DE now owns 277,551 shares of the software maker’s stock worth $4,568,000 after buying an additional 800 shares during the last quarter. American International Group Inc. increased its stake in Five9 by 7.1% in the first quarter. American International Group Inc. now owns 20,344 shares of the software maker’s stock worth $335,000 after buying an additional 1,349 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Five9 by 6.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 24,172 shares of the software maker’s stock worth $343,000 after buying an additional 1,488 shares during the last quarter. Highbridge Capital Management LLC increased its stake in Five9 by 3.7% in the fourth quarter. Highbridge Capital Management LLC now owns 53,497 shares of the software maker’s stock worth $759,000 after buying an additional 1,919 shares during the last quarter. Finally, State Street Corp increased its stake in Five9 by 0.7% in the fourth quarter. State Street Corp now owns 565,302 shares of the software maker’s stock worth $8,020,000 after buying an additional 4,208 shares during the last quarter. Institutional investors and hedge funds own 93.40% of the company’s stock.

FIVN has been the subject of several recent research reports. Morgan Stanley initiated coverage on shares of Five9 in a research note on Tuesday, April 11th. They set an “equal weight” rating and a $18.00 target price for the company. Pacific Crest upgraded shares of Five9 from a “sector weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research note on Friday, March 17th. Needham & Company LLC increased their price target on shares of Five9 from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, February 17th. Canaccord Genuity reissued a “buy” rating and set a $20.00 price target on shares of Five9 in a report on Monday, May 1st. Finally, Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Monday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Five9 has a consensus rating of “Buy” and an average target price of $18.50.

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).

5 Day Chart for NASDAQ:FIVN

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