Barry Zwarenstein Sells 12,500 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 12,500 shares of the stock in a transaction on Friday, September 17th. The shares were sold at an average price of $173.87, for a total value of $2,173,375.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, August 26th, Barry Zwarenstein sold 550 shares of Five9 stock. The stock was sold at an average price of $189.83, for a total transaction of $104,406.50.
  • On Monday, August 23rd, Barry Zwarenstein sold 1,044 shares of Five9 stock. The stock was sold at an average price of $182.14, for a total transaction of $190,154.16.
  • On Tuesday, August 17th, Barry Zwarenstein sold 12,500 shares of Five9 stock. The stock was sold at an average price of $182.52, for a total transaction of $2,281,500.00.
  • On Monday, July 19th, Barry Zwarenstein sold 12,500 shares of Five9 stock. The stock was sold at an average price of $186.75, for a total transaction of $2,334,375.00.

Shares of FIVN stock traded down $3.47 on Monday, hitting $171.59. The stock had a trading volume of 2,369,175 shares, compared to its average volume of 1,118,109. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of -241.67 and a beta of 0.48. The stock’s 50 day moving average is $184.00 and its 200-day moving average is $175.82. The company has a debt-to-equity ratio of 4.75, a quick ratio of 4.80 and a current ratio of 4.80. Five9, Inc. has a 52-week low of $120.66 and a 52-week high of $211.68.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Tuesday, July 27th. The software maker reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.09. Five9 had a negative net margin of 9.11% and a negative return on equity of 2.67%. The business had revenue of $143.78 million for the quarter, compared to analysts’ expectations of $132.46 million. During the same quarter last year, the company earned $0.21 EPS. The company’s revenue for the quarter was up 44.1% compared to the same quarter last year. Equities analysts expect that Five9, Inc. will post -0.22 earnings per share for the current year.

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut shares of Five9 to a “hold” rating and set a $213.00 target price for the company. in a research report on Thursday, August 5th. Roth Capital reissued a “hold” rating on shares of Five9 in a research report on Friday, May 28th. UBS Group lowered shares of Five9 from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 18th. Needham & Company LLC upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Tuesday, September 7th. Finally, Truist Securities cut their price target on shares of Five9 from $212.00 to $190.00 and set a “hold” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $198.30.

Institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC increased its stake in Five9 by 645.1% during the 1st quarter. Squarepoint Ops LLC now owns 59,819 shares of the software maker’s stock valued at $9,352,000 after buying an additional 51,791 shares during the period. Alpha DNA Investment Management LLC increased its stake in Five9 by 89.7% during the 2nd quarter. Alpha DNA Investment Management LLC now owns 8,085 shares of the software maker’s stock valued at $1,481,000 after buying an additional 3,824 shares during the period. Granite Investment Partners LLC increased its stake in Five9 by 2.2% during the 1st quarter. Granite Investment Partners LLC now owns 21,786 shares of the software maker’s stock valued at $3,406,000 after buying an additional 462 shares during the period. MUFG Securities EMEA plc increased its stake in Five9 by 214.3% during the 2nd quarter. MUFG Securities EMEA plc now owns 22,000 shares of the software maker’s stock valued at $4,035,000 after buying an additional 15,000 shares during the period. Finally, Rafferty Asset Management LLC acquired a new position in Five9 during the 1st quarter valued at about $404,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

About Five9

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.

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

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