Five9, Inc. (NASDAQ:FIVN) CEO Barry Zwarenstein sold 3,073 shares of Five9 stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $23.79, for a total transaction of $73,106.67. Following the transaction, the chief executive officer now owns 121,368 shares of the company’s stock, valued at $2,887,344.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, November 27th, Barry Zwarenstein sold 5,000 shares of Five9 stock. The shares were sold at an average price of $24.42, for a total transaction of $122,100.00.
  • On Tuesday, October 3rd, Barry Zwarenstein sold 11,000 shares of Five9 stock. The shares were sold at an average price of $24.89, for a total transaction of $273,790.00.

Five9, Inc. (NASDAQ FIVN) traded down $0.12 on Tuesday, hitting $22.96. 648,153 shares of the company were exchanged, compared to its average volume of 470,843. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.17 and a current ratio of 2.17. Five9, Inc. has a one year low of $12.58 and a one year high of $27.81.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $50.08 million for the quarter, compared to analyst estimates of $48.20 million. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The firm’s revenue was up 22.2% compared to the same quarter last year. equities research analysts predict that Five9, Inc. will post -0.18 EPS for the current fiscal year.

A number of research firms recently weighed in on FIVN. Needham & Company LLC reissued a “buy” rating and set a $26.00 price target (up from $21.00) on shares of Five9 in a research report on Wednesday, August 9th. TheStreet raised shares of Five9 from a “d” rating to a “c-” rating in a research report on Tuesday, November 21st. KeyCorp reissued an “overweight” rating and set a $29.00 price target (up from $27.00) on shares of Five9 in a research report on Wednesday, November 8th. Northland Securities reissued a “buy” rating and set a $25.00 price target on shares of Five9 in a research report on Wednesday, October 4th. Finally, Morgan Stanley raised their price target on shares of Five9 from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $26.43.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Five9 by 25.5% in the second quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock worth $70,972,000 after acquiring an additional 670,939 shares during the period. Renaissance Technologies LLC raised its position in Five9 by 6.7% in the second quarter. Renaissance Technologies LLC now owns 2,113,600 shares of the software maker’s stock worth $45,485,000 after acquiring an additional 132,100 shares during the period. Wells Fargo & Company MN raised its position in Five9 by 31.4% in the third quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock worth $36,598,000 after acquiring an additional 366,166 shares during the period. Whale Rock Capital Management LLC bought a new stake in Five9 in the second quarter worth about $21,296,000. Finally, FMR LLC raised its position in Five9 by 19.6% in the second quarter. FMR LLC now owns 956,737 shares of the software maker’s stock worth $20,589,000 after acquiring an additional 156,737 shares during the period. 93.55% of the stock is currently owned by institutional investors and hedge funds.

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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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