Barry Zwarenstein Sells 3,388 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 3,388 shares of the company’s stock in a transaction that occurred on Friday, June 4th. The shares were sold at an average price of $157.53, for a total value of $533,711.64. Following the sale, the chief financial officer now directly owns 84,273 shares of the company’s stock, valued at $13,275,525.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, May 17th, Barry Zwarenstein sold 12,500 shares of Five9 stock. The shares were sold at an average price of $162.80, for a total value of $2,035,000.00.
  • On Tuesday, March 16th, Barry Zwarenstein sold 12,500 shares of Five9 stock. The shares were sold at an average price of $168.97, for a total value of $2,112,125.00.

FIVN opened at $165.36 on Friday. The firm has a market cap of $11.09 billion, a PE ratio of -232.90 and a beta of 0.49. The company has a current ratio of 6.50, a quick ratio of 6.50 and a debt-to-equity ratio of 5.42. The stock has a 50 day moving average price of $170.76. Five9, Inc. has a 1-year low of $98.00 and a 1-year high of $201.75.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Thursday, April 29th. The software maker reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.35. The business had revenue of $137.88 million for the quarter, compared to analysts’ expectations of $122.55 million. Five9 had a positive return on equity of 0.23% and a negative net margin of 9.84%. As a group, equities analysts expect that Five9, Inc. will post -0.41 earnings per share for the current fiscal year.

FIVN has been the subject of several analyst reports. Canaccord Genuity upped their price objective on Five9 from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, April 30th. Truist upped their price objective on Five9 from $165.00 to $215.00 in a research note on Tuesday, February 23rd. Needham & Company LLC reissued a “buy” rating and set a $200.00 target price on shares of Five9 in a research note on Friday, April 30th. Bank of America started coverage on Five9 in a research note on Tuesday, April 20th. They set an “underperform” rating for the company. Finally, Barclays increased their target price on Five9 from $182.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. Five9 currently has an average rating of “Buy” and a consensus price target of $198.44.

A number of large investors have recently made changes to their positions in the business. Wetherby Asset Management Inc. grew its holdings in Five9 by 1.5% during the 4th quarter. Wetherby Asset Management Inc. now owns 4,483 shares of the software maker’s stock valued at $782,000 after buying an additional 68 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Five9 by 45.2% during the 1st quarter. State of Alaska Department of Revenue now owns 257 shares of the software maker’s stock valued at $40,000 after buying an additional 80 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Five9 by 0.4% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,710 shares of the software maker’s stock valued at $4,135,000 after buying an additional 90 shares during the last quarter. HighPoint Advisor Group LLC grew its holdings in Five9 by 1.5% during the 1st quarter. HighPoint Advisor Group LLC now owns 6,295 shares of the software maker’s stock valued at $1,087,000 after buying an additional 90 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Five9 by 0.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 10,487 shares of the software maker’s stock valued at $1,829,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

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.

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Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

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