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

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Five9 Inc (NASDAQ:FIVN) CFO Barry Zwarenstein sold 12,913 shares of the stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $42.35, for a total value of $546,865.55. 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 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 opened at $40.22 on Friday. Five9 Inc has a 52 week low of $22.55 and a 52 week high of $49.50. The company has a current ratio of 6.95, a quick ratio of 6.95 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $2.43 billion, a PE ratio of 2,066.00, a P/E/G ratio of 106.63 and a beta of 0.60.

Five9 (NASDAQ:FIVN) last issued its earnings results on Tuesday, November 6th. The software maker reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. The firm had revenue of $65.30 million for the quarter, compared to the consensus estimate of $61.70 million. Five9 had a positive return on equity of 0.88% and a negative net margin of 1.90%. The company’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 earnings per share. On average, research analysts predict that Five9 Inc will post 0.04 EPS for the current fiscal year.

A number of research analysts have recently weighed in on FIVN shares. Dougherty & Co started coverage on Five9 in a report on Tuesday, October 16th. They issued a “hold” rating on the stock. Zacks Investment Research lowered Five9 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 25th. BidaskClub lowered Five9 from a “buy” rating to a “hold” rating in a report on Saturday, September 22nd. Bank of America increased their price objective on Five9 from $25.00 to $28.00 and gave the company an “underperform” rating in a report on Wednesday, November 7th. Finally, Roth Capital increased their price objective on Five9 from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Five9 currently has a consensus rating of “Buy” and an average target price of $40.92.

A number of hedge funds have recently modified their holdings of FIVN. Mount Yale Investment Advisors LLC purchased a new position in Five9 during the second quarter worth approximately $110,000. Great West Life Assurance Co. Can boosted its position in Five9 by 81.0% during the second quarter. Great West Life Assurance Co. Can now owns 5,407 shares of the software maker’s stock worth $187,000 after purchasing an additional 2,419 shares in the last quarter. Concentric Wealth Management LLC purchased a new position in Five9 during the third quarter worth approximately $208,000. Oppenheimer Asset Management Inc. purchased a new position in Five9 during the second quarter worth approximately $214,000. Finally, Mirador Capital Partners LP purchased a new position in Five9 during the second quarter worth approximately $234,000. Institutional investors own 97.76% of the company’s stock.

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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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