Five9 Inc (FIVN) CEO Sells $122,600.00 in Stock
Five9 Inc (NASDAQ:FIVN) CEO Barry Zwarenstein sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $24.52, for a total transaction of $122,600.00. Following the completion of the sale, the chief executive officer now directly owns 141,778 shares in the company, valued at $3,476,396.56. 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 Monday, December 4th, Barry Zwarenstein sold 3,073 shares of Five9 stock. The shares were sold at an average price of $23.79, for a total transaction of $73,106.67.
- 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.
Shares of Five9 Inc (NASDAQ:FIVN) traded down $0.03 during mid-day trading on Thursday, hitting $24.65. 435,500 shares of the company were exchanged, compared to its average volume of 460,859. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $1,370.00, a PE ratio of -164.33 and a beta of 0.27. Five9 Inc has a 52-week low of $13.95 and a 52-week high of $27.81.
Several hedge funds have recently made changes to their positions in FIVN. Sei Investments Co. grew its holdings in shares of Five9 by 41.0% in the second quarter. Sei Investments Co. now owns 13,322 shares of the software maker’s stock valued at $287,000 after purchasing an additional 3,871 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Five9 by 14.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 292,296 shares of the software maker’s stock valued at $6,291,000 after purchasing an additional 38,012 shares in the last quarter. First Trust Advisors LP acquired a new position in Five9 during the 2nd quarter worth approximately $2,411,000. Rhumbline Advisers grew its holdings in Five9 by 61.3% during the 2nd quarter. Rhumbline Advisers now owns 57,879 shares of the software maker’s stock worth $1,246,000 after acquiring an additional 21,991 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Five9 by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 250,186 shares of the software maker’s stock worth $5,383,000 after acquiring an additional 9,114 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.
A number of research firms have recently issued reports on FIVN. KeyCorp reissued an “overweight” rating and issued a $29.00 price target (up from $27.00) on shares of Five9 in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Monday, November 13th. BidaskClub downgraded shares of Five9 from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Northland Securities reissued a “buy” rating and issued a $25.00 price target on shares of Five9 in a research note on Wednesday, October 4th. Finally, ValuEngine raised shares of Five9 from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Five9 presently has a consensus rating of “Buy” and a consensus target price 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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