Scott Welch Sells 14,162 Shares of Five9 Inc (FIVN) Stock

Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 14,162 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $41.36, for a total transaction of $585,740.32. Following the transaction, the executive vice president now directly owns 69,796 shares of the company’s stock, valued at $2,886,762.56. The sale was disclosed in a document filed with the SEC, which is available through this link.

Scott Welch also recently made the following trade(s):

  • On Tuesday, December 4th, Scott Welch sold 7,165 shares of Five9 stock. The stock was sold at an average price of $41.92, for a total transaction of $300,356.80.
  • On Friday, November 23rd, Scott Welch sold 1,032 shares of Five9 stock. The stock was sold at an average price of $37.74, for a total transaction of $38,947.68.
  • On Monday, November 19th, Scott Welch sold 1,412 shares of Five9 stock. The stock was sold at an average price of $39.82, for a total transaction of $56,225.84.
  • On Monday, November 5th, Scott Welch sold 1,750 shares of Five9 stock. The stock was sold at an average price of $37.99, for a total transaction of $66,482.50.
  • On Tuesday, October 23rd, Scott Welch sold 1,031 shares of Five9 stock. The stock was sold at an average price of $37.47, for a total transaction of $38,631.57.
  • On Thursday, October 18th, Scott Welch sold 1,411 shares of Five9 stock. The stock was sold at an average price of $39.10, for a total transaction of $55,170.10.
  • On Friday, October 5th, Scott Welch sold 1,750 shares of Five9 stock. The stock was sold at an average price of $40.51, for a total transaction of $70,892.50.
  • On Monday, September 24th, Scott Welch sold 1,031 shares of Five9 stock. The stock was sold at an average price of $43.47, for a total transaction of $44,817.57.
  • On Tuesday, September 18th, Scott Welch sold 1,412 shares of Five9 stock. The stock was sold at an average price of $46.32, for a total transaction of $65,403.84.

Shares of NASDAQ FIVN traded down $1.10 during midday trading on Friday, hitting $40.22. The company’s stock had a trading volume of 594,119 shares, compared to its average volume of 473,681. Five9 Inc has a 1-year low of $22.55 and a 1-year high of $49.50. The company has a debt-to-equity ratio of 1.56, a quick ratio of 6.95 and a current ratio of 6.95. The firm has a market capitalization of $2.43 billion, a PE ratio of -236.59, a price-to-earnings-growth ratio of 106.63 and a beta of 0.60.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP acquired a new position in shares of Five9 in the 3rd quarter valued at about $8,156,000. Clearbridge Investments LLC boosted its holdings in shares of Five9 by 12.5% in the 3rd quarter. Clearbridge Investments LLC now owns 849,980 shares of the software maker’s stock valued at $37,136,000 after buying an additional 94,540 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Five9 by 19.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,338,262 shares of the software maker’s stock valued at $276,920,000 after buying an additional 1,026,191 shares during the period. Legal & General Group Plc boosted its holdings in shares of Five9 by 142.3% in the 3rd quarter. Legal & General Group Plc now owns 21,532 shares of the software maker’s stock valued at $941,000 after buying an additional 12,647 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of Five9 by 21.9% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 424,373 shares of the software maker’s stock valued at $18,541,000 after buying an additional 76,112 shares during the period. 97.76% of the stock is owned by institutional investors and hedge funds.

FIVN has been the subject of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Five9 in a report on Thursday, August 23rd. BidaskClub raised shares of Five9 from a “hold” rating to a “buy” rating in a report on Wednesday, November 28th. Roth Capital raised their price objective on shares of Five9 from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, November 7th. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Friday, September 28th. Finally, Barclays raised their price objective on shares of Five9 from $38.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, September 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Five9 currently has an average rating of “Buy” and a consensus target price of $40.92.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.chaffeybreeze.com/2018/12/08/scott-welch-sells-14162-shares-of-five9-inc-fivn-stock.html.

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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