Five9, Inc. (FIVN) CFO Barry Zwarenstein Sells 13,024 Shares of Stock
Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 13,024 shares of Five9 stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $21.25, for a total transaction of $276,760.00. Following the sale, the chief financial officer now directly owns 123,698 shares of the company’s stock, valued at approximately $2,628,582.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Barry Zwarenstein also recently made the following trade(s):
- On Wednesday, August 9th, Barry Zwarenstein sold 3,020 shares of Five9 stock. The stock was sold at an average price of $21.01, for a total transaction of $63,450.20.
- On Tuesday, August 1st, Barry Zwarenstein sold 10,378 shares of Five9 stock. The stock was sold at an average price of $22.22, for a total transaction of $230,599.16.
- On Wednesday, July 12th, Barry Zwarenstein sold 12,622 shares of Five9 stock. The stock was sold at an average price of $22.44, for a total transaction of $283,237.68.
- On Thursday, June 15th, Barry Zwarenstein sold 11,000 shares of Five9 stock. The stock was sold at an average price of $21.97, for a total transaction of $241,670.00.
Shares of Five9, Inc. (NASDAQ FIVN) traded down 0.74% during trading on Friday, hitting $21.53. 597,803 shares of the stock traded hands. The firm has a 50-day moving average of $21.39 and a 200-day moving average of $20.09. The firm’s market capitalization is $1.19 billion. Five9, Inc. has a 1-year low of $12.58 and a 1-year high of $24.80.
Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its position in shares of Five9 by 4,389.5% during the second quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after buying an additional 5,443 shares during the period. Oxford Asset Management acquired a new stake in shares of Five9 during the first quarter worth $174,000. Tudor Investment Corp ET AL acquired a new stake in shares of Five9 during the second quarter worth $202,000. Principal Financial Group Inc. acquired a new stake in shares of Five9 during the second quarter worth $219,000. Finally, potrero capital research llc acquired a new stake in shares of Five9 during the first quarter worth $227,000. Institutional investors own 91.88% of the company’s stock.
FIVN has been the subject of a number of analyst reports. Northland Securities set a $25.00 target price on shares of Five9 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, July 4th. BidaskClub lowered shares of Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $26.00 target price (up previously from $21.00) on shares of Five9 in a report on Wednesday, August 9th. Finally, Canaccord Genuity boosted their price target on shares of Five9 from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.29.
Five9 Company Profile
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).
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