Barry Zwarenstein Sells 4,408 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 4,408 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the sale, the chief financial officer now owns 101,732 shares of the company’s stock, valued at $2,743,712.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, July 16th, Barry Zwarenstein sold 6,207 shares of Five9 stock. The shares were sold at an average price of $45.01, for a total transaction of $279,377.07.

Five9 Stock Up 1.8 %

FIVN stock traded up $0.50 on Thursday, reaching $27.83. 1,747,930 shares of the company traded hands, compared to its average volume of 1,444,913. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15. The firm has a fifty day simple moving average of $37.77 and a 200-day simple moving average of $48.27. Five9, Inc. has a one year low of $26.60 and a one year high of $92.40. The company has a market cap of $2.06 billion, a P/E ratio of -32.15 and a beta of 0.86.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.14. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. The firm had revenue of $252.09 million during the quarter, compared to analyst estimates of $244.54 million. Research analysts anticipate that Five9, Inc. will post -0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FIVN has been the topic of several recent analyst reports. Baird R W cut Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Morgan Stanley cut their price objective on Five9 from $70.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, June 14th. Bank of America upgraded Five9 from an “underperform” rating to a “buy” rating and set a $63.00 target price for the company in a report on Monday, August 5th. StockNews.com upgraded shares of Five9 from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Robert W. Baird lowered shares of Five9 from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $90.00 to $40.00 in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Inceptionr LLC bought a new stake in shares of Five9 during the fourth quarter valued at approximately $215,000. KLR Investment Advisors LLC bought a new position in shares of Five9 during the fourth quarter valued at $244,000. Cetera Advisors LLC purchased a new stake in shares of Five9 during the first quarter valued at $226,000. ProShare Advisors LLC bought a new stake in Five9 in the 1st quarter worth about $247,000. Finally, Edgestream Partners L.P. purchased a new position in Five9 in the 1st quarter worth about $264,000. Institutional investors own 96.64% of the company’s stock.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers a 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.