Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $24.89, for a total transaction of $273,790.00. Following the completion of the transaction, the chief financial officer now directly owns 123,698 shares of the company’s stock, valued at approximately $3,078,843.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, September 5th, Barry Zwarenstein sold 13,024 shares of Five9 stock. The stock was sold at an average price of $21.25, for a total transaction of $276,760.00.
  • 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.

Five9, Inc. (NASDAQ FIVN) traded up 0.12% during midday trading on Thursday, reaching $25.31. 292,229 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $21.93 and its 200 day moving average is $20.94. The stock’s market cap is $1.39 billion. Five9, Inc. has a 1-year low of $12.58 and a 1-year high of $25.67.

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A number of equities research analysts have issued reports on the stock. Northland Securities reiterated a “buy” rating and issued a $25.00 target price on shares of Five9 in a research report on Wednesday. Morgan Stanley reiterated an “equal weight” rating and issued a $21.00 target price (up previously from $18.00) on shares of Five9 in a research report on Thursday, July 20th. Canaccord Genuity increased their target price on shares of Five9 from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, September 27th. KeyCorp reiterated a “buy” rating and issued a $27.00 target price on shares of Five9 in a research report on Friday, September 22nd. Finally, Zacks Investment Research downgraded shares of Five9 from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Five9 presently has an average rating of “Buy” and a consensus target price of $23.00.

Hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its position in shares of Five9 by 4,389.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after purchasing an additional 5,443 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Five9 in the second quarter worth $202,000. Principal Financial Group Inc. bought a new stake in shares of Five9 in the second quarter worth $219,000. Oxford Asset Management bought a new stake in shares of Five9 in the first quarter worth $174,000. Finally, D.A. Davidson & CO. lifted its position in shares of Five9 by 20.8% in the second quarter. D.A. Davidson & CO. now owns 11,476 shares of the software maker’s stock worth $246,000 after purchasing an additional 1,976 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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).

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

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