Five9, Inc. (NASDAQ:FIVN) CFO Sells $1,087,400.00 in Stock

Five9, Inc. (NASDAQ:FIVNGet Rating) CFO Barry Zwarenstein sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $108.74, for a total transaction of $1,087,400.00. Following the transaction, the chief financial officer now directly owns 79,088 shares in the company, valued at $8,600,029.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, March 4th, Barry Zwarenstein sold 6,610 shares of Five9 stock. The stock was sold at an average price of $102.36, for a total transaction of $676,599.60.

Shares of FIVN stock traded up $2.40 during mid-day trading on Tuesday, reaching $111.29. The company’s stock had a trading volume of 1,044,041 shares, compared to its average volume of 1,300,634. Five9, Inc. has a 1-year low of $80.52 and a 1-year high of $211.68. The company has a market cap of $7.74 billion, a P/E ratio of -142.68 and a beta of 0.51. The company has a debt-to-equity ratio of 3.64, a quick ratio of 3.92 and a current ratio of 3.92. The firm’s 50-day moving average is $109.61 and its two-hundred day moving average is $130.36.

Five9 (NASDAQ:FIVNGet Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The software maker reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Five9 had a negative net margin of 8.69% and a negative return on equity of 15.45%. The business had revenue of $173.60 million during the quarter, compared to analyst estimates of $165.41 million. During the same quarter in the prior year, the company posted $0.10 EPS. The company’s quarterly revenue was up 35.7% compared to the same quarter last year. Sell-side analysts anticipate that Five9, Inc. will post -0.66 EPS for the current year.

Several hedge funds have recently made changes to their positions in FIVN. Oppenheimer & Co. Inc. grew its holdings in shares of Five9 by 6.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,605 shares of the software maker’s stock worth $256,000 after purchasing an additional 93 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Five9 by 3.7% in the 4th quarter. CIBC Asset Management Inc now owns 2,762 shares of the software maker’s stock worth $379,000 after purchasing an additional 99 shares during the last quarter. Huntington National Bank grew its holdings in shares of Five9 by 56.5% in the 4th quarter. Huntington National Bank now owns 313 shares of the software maker’s stock worth $43,000 after purchasing an additional 113 shares during the last quarter. Eaton Vance Management grew its holdings in shares of Five9 by 1.0% in the 4th quarter. Eaton Vance Management now owns 12,767 shares of the software maker’s stock worth $1,710,000 after purchasing an additional 125 shares during the last quarter. Finally, Xponance Inc. grew its holdings in shares of Five9 by 1.7% in the 4th quarter. Xponance Inc. now owns 7,633 shares of the software maker’s stock worth $1,048,000 after purchasing an additional 128 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

FIVN has been the subject of several recent research reports. Bank of America initiated coverage on shares of Five9 in a research report on Friday, January 28th. They issued an “underperform” rating for the company. Piper Sandler decreased their target price on shares of Five9 from $200.00 to $163.00 and set an “overweight” rating for the company in a research report on Thursday, February 24th. Canaccord Genuity Group decreased their target price on shares of Five9 from $200.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, February 24th. Wells Fargo & Company decreased their target price on shares of Five9 from $160.00 to $145.00 and set an “overweight” rating for the company in a research report on Tuesday, March 15th. Finally, KeyCorp decreased their target price on shares of Five9 from $208.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, February 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Five9 has a consensus rating of “Buy” and a consensus price target of $165.05.

About Five9 (Get Rating)

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.

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