Five9, Inc. (NASDAQ:FIVN) EVP Scott Welch sold 3,903 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $20.88, for a total transaction of $81,494.64. Following the sale, the executive vice president now directly owns 136,799 shares in the company, valued at $2,856,363.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Scott Welch also recently made the following trade(s):

  • On Wednesday, August 9th, Scott Welch sold 784 shares of Five9 stock. The stock was sold at an average price of $20.99, for a total transaction of $16,456.16.
  • On Tuesday, May 23rd, Scott Welch sold 45,671 shares of Five9 stock. The stock was sold at an average price of $21.61, for a total transaction of $986,950.31.

Shares of Five9, Inc. (NASDAQ FIVN) traded up 2.46% during trading on Friday, hitting $20.42. 538,054 shares of the stock traded hands. Five9, Inc. has a 1-year low of $12.58 and a 1-year high of $24.80. The stock has a 50 day moving average price of $21.61 and a 200-day moving average price of $19.59. The stock’s market cap is $1.13 billion.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Five9 by 25.5% in the second quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock valued at $70,972,000 after buying an additional 670,939 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Five9 by 6.7% in the second quarter. Renaissance Technologies LLC now owns 2,113,600 shares of the software maker’s stock valued at $45,485,000 after buying an additional 132,100 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Five9 by 69.4% in the second quarter. Russell Investments Group Ltd. now owns 1,703,148 shares of the software maker’s stock valued at $36,650,000 after buying an additional 697,949 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Five9 by 124.1% in the first quarter. Wells Fargo & Company MN now owns 1,400,229 shares of the software maker’s stock valued at $23,048,000 after buying an additional 775,345 shares during the last quarter. Finally, Hood River Capital Management LLC raised its position in shares of Five9 by 39.6% in the first quarter. Hood River Capital Management LLC now owns 1,191,705 shares of the software maker’s stock valued at $19,615,000 after buying an additional 338,104 shares during the last quarter. 90.15% of the stock is owned by institutional investors.

FIVN has been the topic of several analyst reports. Zacks Investment Research lowered shares of Five9 from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 price target (up from $18.00) on shares of Five9 in a research report on Thursday, July 20th. Northland Securities set a $25.00 price target on shares of Five9 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Needham & Company LLC reissued a “buy” rating and issued a $26.00 price objective (up from $21.00) on shares of Five9 in a research report on Wednesday, August 9th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $20.00 price objective on shares of Five9 in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $22.29.

About Five9

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. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

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

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