Five9 Inc (FIVN) CFO Barry Zwarenstein Sells 12,913 Shares

Five9 Inc (NASDAQ:FIVN) CFO Barry Zwarenstein sold 12,913 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $42.35, for a total value of $546,865.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, October 25th, Barry Zwarenstein sold 10,000 shares of Five9 stock. The shares were sold at an average price of $36.39, for a total value of $363,900.00.
  • On Tuesday, September 25th, Barry Zwarenstein sold 10,000 shares of Five9 stock. The shares were sold at an average price of $44.79, for a total value of $447,900.00.

Shares of FIVN traded up $0.94 during mid-day trading on Thursday, reaching $41.32. The company’s stock had a trading volume of 390,500 shares, compared to its average volume of 593,683. Five9 Inc has a 1-year low of $22.51 and a 1-year high of $49.50. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of -243.06, a PEG ratio of 104.21 and a beta of 0.60. The company has a quick ratio of 6.95, a current ratio of 6.95 and a debt-to-equity ratio of 1.56.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Tuesday, November 6th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.09. Five9 had a positive return on equity of 0.88% and a negative net margin of 1.90%. The company had revenue of $65.30 million during the quarter, compared to analysts’ expectations of $61.70 million. During the same period last year, the firm posted $0.04 earnings per share. The business’s revenue was up 30.3% on a year-over-year basis. As a group, analysts expect that Five9 Inc will post 0.04 earnings per share for the current year.

A number of research analysts have weighed in on FIVN shares. BidaskClub upgraded Five9 from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded Five9 from a “hold” rating to a “strong-buy” rating and set a $49.00 price target for the company in a research note on Thursday, August 9th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Five9 in a research note on Thursday, August 23rd. Barclays raised their price target on Five9 from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, September 7th. Finally, Dougherty & Co began coverage on Five9 in a research report on Tuesday, October 16th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.92.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIVN. Vanguard Group Inc. lifted its holdings in Five9 by 19.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,338,262 shares of the software maker’s stock worth $276,920,000 after purchasing an additional 1,026,191 shares during the last quarter. BlackRock Inc. lifted its holdings in Five9 by 0.9% during the 3rd quarter. BlackRock Inc. now owns 4,111,151 shares of the software maker’s stock worth $179,617,000 after purchasing an additional 38,488 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Five9 by 4.7% during the 3rd quarter. Renaissance Technologies LLC now owns 2,628,700 shares of the software maker’s stock worth $114,848,000 after purchasing an additional 117,800 shares during the last quarter. Sylebra HK Co Ltd lifted its holdings in Five9 by 107.9% during the 3rd quarter. Sylebra HK Co Ltd now owns 1,465,587 shares of the software maker’s stock worth $64,031,000 after purchasing an additional 760,804 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Five9 by 14.8% during the 3rd quarter. Wells Fargo & Company MN now owns 1,003,790 shares of the software maker’s stock worth $43,856,000 after purchasing an additional 129,297 shares during the last quarter. 97.76% of the stock is owned by institutional investors.

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Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It offers virtual contact center cloud platform that delivers a suite of applications which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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

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