Five9, Inc. (NASDAQ:FIVN) CFO Sells $137,550.00 in Stock

Five9, Inc. (NASDAQ:FIVN – Get Rating) CFO Barry Zwarenstein sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $55.02, for a total value of $137,550.00. Following the transaction, the chief financial officer now directly owns 94,803 shares in the company, valued at $5,216,061.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, April 17th, Barry Zwarenstein sold 10,000 shares of Five9 stock. The shares were sold at an average price of $71.23, for a total value of $712,300.00.
• On Friday, March 31st, Barry Zwarenstein sold 2,500 shares of Five9 stock. The shares were sold at an average price of $70.08, for a total value of $175,200.00.
• On Wednesday, March 29th, Barry Zwarenstein sold 2,500 shares of Five9 stock. The shares were sold at an average price of $65.06, for a total value of $162,650.00.
• On Wednesday, March 15th, Barry Zwarenstein sold 5,000 shares of Five9 stock. The shares were sold at an average price of $61.84, for a total value of $309,200.00.
• On Monday, March 6th, Barry Zwarenstein sold 1,992 shares of Five9 stock. The shares were sold at an average price of $68.70, for a total value of $136,850.40.
• On Tuesday, February 28th, Barry Zwarenstein sold 497 shares of Five9 stock. The shares were sold at an average price of $68.05, for a total value of $33,820.85.

Five9 Stock Up 1.3 %

FIVN opened at $61.53 on Friday. Five9, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $120.39. The business has a 50-day moving average of $63.67 and a 200-day moving average of $67.05. The company has a debt-to-equity ratio of 2.18, a current ratio of 5.00 and a quick ratio of 5.00. The company has a market capitalization of $4.38 billion, a PE ratio of -49.62 and a beta of 0.72.

Five9 (NASDAQ:FIVN – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The software maker reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.16. Five9 had a negative return on equity of 21.77% and a negative net margin of 10.78%. The company had revenue of $208.35 million during the quarter, compared to the consensus estimate of $204.47 million. Equities research analysts forecast that Five9, Inc. will post -1.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Five9

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Five9 by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,551,197 shares of the software maker’s stock worth $491,209,000 after purchasing an additional 85,252 shares during the last quarter. Pictet Asset Management SA lifted its holdings in Five9 by 64.4% in the 1st quarter. Pictet Asset Management SA now owns 3,855,573 shares of the software maker’s stock worth $278,719,000 after purchasing an additional 1,509,878 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Five9 by 22.9% in the 1st quarter. Wellington Management Group LLP now owns 3,775,202 shares of the software maker’s stock worth $416,783,000 after purchasing an additional 703,002 shares during the last quarter. Wasatch Advisors LP lifted its holdings in Five9 by 0.9% in the 1st quarter. Wasatch Advisors LP now owns 3,588,897 shares of the software maker’s stock worth $259,441,000 after purchasing an additional 31,098 shares during the last quarter. Finally, Sylebra Capital Ltd lifted its holdings in Five9 by 3.3% in the 1st quarter. Sylebra Capital Ltd now owns 2,576,950 shares of the software maker’s stock worth $186,288,000 after purchasing an additional 81,652 shares during the last quarter.

Analyst Ratings Changes

Several research analysts recently weighed in on FIVN shares. StockNews.com started coverage on Five9 in a research note on Thursday. They set a “hold” rating for the company. KeyCorp increased their price target on Five9 from $86.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, February 23rd. Truist Financial increased their price target on Five9 from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. Morgan Stanley increased their price target on Five9 from $65.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, February 23rd. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $70.00 price target on shares of Five9 in a research report on Thursday, February 23rd. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.57.

Five9 Company Profile

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Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.