Barry Zwarenstein Sells 8,000 Shares of Five9 Inc. (FIVN) Stock
Five9 Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $15.67, for a total value of $125,360.00. Following the completion of the transaction, the chief financial officer now owns 422,508 shares in the company, valued at approximately $6,620,700.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Barry Zwarenstein also recently made the following trade(s):
- On Thursday, September 1st, Barry Zwarenstein sold 8,000 shares of Five9 stock. The shares were sold at an average price of $15.32, for a total value of $122,560.00.
- On Monday, August 1st, Barry Zwarenstein sold 8,000 shares of Five9 stock. The shares were sold at an average price of $12.62, for a total value of $100,960.00.
Shares of Five9 Inc. (NASDAQ:FIVN) opened at 15.94 on Wednesday. The firm’s 50 day moving average price is $14.77 and its 200 day moving average price is $11.78. Five9 Inc. has a 52-week low of $3.63 and a 52-week high of $16.40. The stock’s market cap is $837.71 million.
Five9 (NASDAQ:FIVN) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.05. Five9 had a negative net margin of 12.36% and a negative return on equity of 65.04%. The business earned $38.90 million during the quarter, compared to the consensus estimate of $36.86 million. During the same quarter last year, the firm earned ($0.10) earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, analysts expect that Five9 Inc. will post ($0.14) EPS for the current year.
FIVN has been the topic of several research analyst reports. Needham & Company LLC upped their price objective on Five9 from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Barclays PLC reiterated a “buy” rating on shares of Five9 in a research note on Sunday, July 17th. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday. Bank of America Corp. downgraded Five9 from a “neutral” rating to an “underperform” rating in a research note on Tuesday, September 20th. Finally, Craig Hallum initiated coverage on Five9 in a research note on Thursday, June 9th. They issued a “buy” rating and a $16.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $14.56.
Several institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC increased its position in shares of Five9 by 211.2% in the second quarter. Lord Abbett & CO. LLC now owns 2,048,284 shares of the company’s stock worth $24,375,000 after buying an additional 1,390,071 shares in the last quarter. Allianz Asset Management AG increased its stake in shares of Five9 by 300.1% in the second quarter. Allianz Asset Management AG now owns 1,576,487 shares of the company’s stock valued at $18,760,000 after buying an additional 1,182,481 shares during the period. Vanguard Group Inc. increased its stake in shares of Five9 by 24.6% in the second quarter. Vanguard Group Inc. now owns 1,325,197 shares of the company’s stock valued at $15,769,000 after buying an additional 261,298 shares during the period. Polar Capital LLP purchased a new stake in shares of Five9 during the second quarter valued at $14,496,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Five9 by 246.5% in the second quarter. JPMorgan Chase & Co. now owns 983,339 shares of the company’s stock valued at $11,702,000 after buying an additional 699,539 shares during the period. 83.84% of the stock is owned by institutional investors and hedge funds.
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. It facilitates over three billion interactions between its 2,000 clients and clients’ customers per year.
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