Scott Welch Sells 14,273 Shares of Five9 Inc (NASDAQ:FIVN) Stock

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Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 14,273 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $67.30, for a total value of $960,572.90. Following the sale, the executive vice president now owns 46,041 shares of the company’s stock, valued at $3,098,559.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of FIVN stock traded up $0.21 during trading hours on Monday, reaching $66.34. The company had a trading volume of 9,833 shares, compared to its average volume of 537,886. The company has a debt-to-equity ratio of 1.19, a quick ratio of 6.09 and a current ratio of 6.09. The stock has a fifty day moving average of $61.16 and a 200-day moving average of $56.30. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 441.58, a PEG ratio of 62.98 and a beta of 0.73. Five9 Inc has a 12-month low of $38.61 and a 12-month high of $69.86.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. Five9 had a positive return on equity of 7.91% and a negative net margin of 0.54%. The firm had revenue of $83.77 million for the quarter, compared to analysts’ expectations of $78.69 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. On average, analysts forecast that Five9 Inc will post 0.11 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D acquired a new position in Five9 in the third quarter valued at approximately $3,090,000. First Trust Advisors LP lifted its holdings in Five9 by 435.6% in the second quarter. First Trust Advisors LP now owns 438,698 shares of the software maker’s stock valued at $22,501,000 after acquiring an additional 356,792 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Five9 by 27.0% in the second quarter. Canada Pension Plan Investment Board now owns 111,000 shares of the software maker’s stock valued at $5,693,000 after acquiring an additional 23,600 shares during the last quarter. ARP Americas LP acquired a new position in Five9 in the second quarter valued at approximately $297,000. Finally, Foundry Partners LLC acquired a new position in Five9 in the third quarter valued at approximately $1,288,000.

FIVN has been the subject of several research reports. Guggenheim boosted their price objective on Five9 from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Monday, November 11th. Rosenblatt Securities upgraded Five9 from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $75.00 in a research note on Wednesday, November 13th. Craig Hallum restated a “buy” rating and issued a $72.00 price target (up from $68.00) on shares of Five9 in a research report on Wednesday, November 6th. Finally, BidaskClub upgraded Five9 from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $65.23.

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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