Barry Zwarenstein Sells 7,663 Shares of Five9 Inc (NASDAQ:FIVN) Stock

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Five9 Inc (NASDAQ:FIVN) CFO Barry Zwarenstein sold 7,663 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $52.05, for a total transaction of $398,859.15. Following the completion of the sale, the chief financial officer now directly owns 112,764 shares of the company’s stock, valued at $5,869,366.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • 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.
  • On Wednesday, May 1st, Barry Zwarenstein sold 7,483 shares of Five9 stock. The stock was sold at an average price of $52.83, for a total transaction of $395,326.89.

NASDAQ:FIVN opened at $47.47 on Friday. The stock has a 50 day moving average price of $51.08. Five9 Inc has a 52 week low of $31.64 and a 52 week high of $57.90. The firm has a market capitalization of $2.83 billion, a P/E ratio of 316.47 and a beta of 0.57. The company has a quick ratio of 6.12, a current ratio of 6.12 and a debt-to-equity ratio of 1.37.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. Five9 had a positive return on equity of 8.35% and a negative net margin of 0.56%. The firm had revenue of $74.54 million for the quarter, compared to the consensus estimate of $70.81 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The firm’s revenue was up 26.5% on a year-over-year basis. On average, equities analysts predict that Five9 Inc will post -0.03 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Five9 by 3.9% in the fourth quarter. BlackRock Inc. now owns 4,271,831 shares of the software maker’s stock worth $186,762,000 after buying an additional 160,680 shares during the last quarter. Wasatch Advisors Inc. increased its holdings in Five9 by 39.1% in the first quarter. Wasatch Advisors Inc. now owns 2,468,724 shares of the software maker’s stock worth $130,423,000 after buying an additional 694,494 shares during the last quarter. Sylebra HK Co Ltd increased its holdings in Five9 by 32.9% in the fourth quarter. Sylebra HK Co Ltd now owns 1,947,933 shares of the software maker’s stock worth $85,164,000 after buying an additional 482,346 shares during the last quarter. Northern Trust Corp increased its holdings in Five9 by 0.9% in the fourth quarter. Northern Trust Corp now owns 840,429 shares of the software maker’s stock worth $36,744,000 after buying an additional 7,512 shares during the last quarter. Finally, Granite Investment Partners LLC increased its holdings in Five9 by 14.9% in the first quarter. Granite Investment Partners LLC now owns 774,838 shares of the software maker’s stock worth $40,935,000 after buying an additional 100,234 shares during the last quarter.

FIVN has been the subject of a number of research analyst reports. Stephens reissued a “hold” rating and issued a $36.00 price target on shares of Allegiance Bancshares in a research report on Monday, April 29th. Bank of America set a $54.00 price target on shares of Fortis and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Northland Securities reissued a “buy” rating and issued a $280.00 price target on shares of ServiceNow in a research report on Thursday, May 2nd. BidaskClub lowered shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Finally, Zacks Investment Research lowered shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Five9 currently has a consensus rating of “Buy” and a consensus target price of $53.54.

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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