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 business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $56.03, for a total transaction of $429,357.89. Following the transaction, the chief financial officer now owns 116,055 shares in the company, valued at $6,502,561.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, September 16th, Barry Zwarenstein sold 7,663 shares of Five9 stock. The stock was sold at an average price of $54.24, for a total transaction of $415,641.12.
  • On Wednesday, September 11th, Barry Zwarenstein sold 4,372 shares of Five9 stock. The stock was sold at an average price of $56.93, for a total transaction of $248,897.96.
  • On Wednesday, August 14th, Barry Zwarenstein sold 7,663 shares of Five9 stock. The stock was sold at an average price of $61.47, for a total transaction of $471,044.61.

FIVN traded up $0.91 during midday trading on Tuesday, reaching $56.86. The company had a trading volume of 336,134 shares, compared to its average volume of 813,723. The company has a debt-to-equity ratio of 1.27, a quick ratio of 6.41 and a current ratio of 6.41. The stock has a market cap of $3.45 billion, a PE ratio of 379.07, a P/E/G ratio of 138.95 and a beta of 0.58. Five9 Inc has a 12-month low of $34.66 and a 12-month high of $65.45. The business has a 50-day moving average price of $57.60 and a two-hundred day moving average price of $53.68.

Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, July 31st. The software maker reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.07. The firm had revenue of $77.44 million for the quarter, compared to analysts’ expectations of $72.42 million. Five9 had a negative net margin of 0.47% and a positive return on equity of 8.90%. The company’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 earnings per share. On average, research analysts anticipate that Five9 Inc will post 0.04 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 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. NEXT Financial Group Inc purchased a new position in Five9 in the second quarter valued at about $39,000. 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. Private Capital Group LLC raised its position in shares of Five9 by 27.5% in the second quarter. Private Capital Group LLC now owns 1,283 shares of the software maker’s stock valued at $44,000 after purchasing an additional 277 shares during the period. Finally, James Investment Research Inc. bought a new stake in shares of Five9 in the second quarter valued at approximately $70,000.

FIVN has been the topic of several analyst reports. Guggenheim initiated coverage on shares of Five9 in a report on Thursday, September 26th. They set a “buy” rating and a $70.00 price target on the stock. BidaskClub cut shares of Five9 from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Morgan Stanley cut shares of Five9 from an “overweight” rating to an “equal” rating and set a $58.00 price target on the stock. in a report on Thursday, September 19th. JPMorgan Chase & Co. upgraded shares of Five9 from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $59.00 to $70.00 in a report on Thursday, August 1st. Finally, Rosenblatt Securities initiated coverage on shares of Five9 in a report on Wednesday, September 4th. They set a “neutral” rating and a $73.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $59.92.

Five9 Company Profile

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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