Five9, Inc. (FIVN) EVP Sells $280,413.36 in Stock
Five9, Inc. (NASDAQ:FIVN) EVP Scott Welch sold 11,892 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $23.58, for a total value of $280,413.36. Following the completion of the sale, the executive vice president now owns 112,484 shares in the company, valued at $2,652,372.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Scott Welch also recently made the following trade(s):
- On Wednesday, November 22nd, Scott Welch sold 89,989 shares of Five9 stock. The stock was sold at an average price of $24.66, for a total value of $2,219,128.74.
- On Thursday, November 16th, Scott Welch sold 3,902 shares of Five9 stock. The stock was sold at an average price of $25.30, for a total value of $98,720.60.
Five9, Inc. (FIVN) opened at $23.55 on Friday. Five9, Inc. has a fifty-two week low of $12.58 and a fifty-two week high of $27.81. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA increased its holdings in Five9 by 4,389.5% during the 2nd 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 during the period. Envestnet Asset Management Inc. purchased a new position in Five9 during the 3rd quarter worth $195,000. Janney Montgomery Scott LLC purchased a new position in Five9 during the 3rd quarter worth $211,000. Tudor Investment Corp ET AL purchased a new position in Five9 during the 2nd quarter worth $202,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Five9 in the 2nd quarter valued at $219,000. Institutional investors own 93.55% of the company’s stock.
Several equities research analysts have recently weighed in on the company. KeyCorp reiterated an “overweight” rating and issued a $29.00 price target (up from $27.00) on shares of Five9 in a report on Wednesday, November 8th. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Monday, November 13th. BidaskClub downgraded Five9 from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Northland Securities reiterated a “buy” rating and issued a $25.00 price target on shares of Five9 in a report on Wednesday, October 4th. Finally, ValuEngine upgraded Five9 from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.43.
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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).
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