Five9, Inc. (FIVN) EVP Scott Welch Sells 11,892 Shares

Five9, Inc. (NASDAQ:FIVN) EVP Scott Welch sold 11,892 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $23.58, for a total value of $280,413.36. Following the completion of the transaction, the executive vice president now owns 112,484 shares of the company’s stock, valued at $2,652,372.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, November 22nd, Scott Welch sold 89,989 shares of Five9 stock. The shares were sold at an average price of $24.66, for a total value of $2,219,128.74.
  • On Thursday, November 16th, Scott Welch sold 3,902 shares of Five9 stock. The shares were sold at an average price of $25.30, for a total value of $98,720.60.

Shares of Five9, Inc. (NASDAQ FIVN) traded down $0.12 during midday trading on Wednesday, hitting $22.96. 648,100 shares of the stock traded hands, compared to its average volume of 470,843. Five9, Inc. has a one year low of $12.58 and a one year high of $27.81. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.17.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The firm had revenue of $50.08 million during the quarter, compared to analysts’ expectations of $48.20 million. Five9’s revenue for the quarter was up 22.2% on a year-over-year basis. sell-side analysts expect that Five9, Inc. will post -0.18 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in FIVN. Whale Rock Capital Management LLC purchased a new stake in Five9 during the 2nd quarter worth $21,296,000. Tremblant Capital Group purchased a new stake in Five9 during the 3rd quarter worth $19,544,000. Vanguard Group Inc. boosted its position in Five9 by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock worth $70,972,000 after purchasing an additional 670,939 shares during the period. Wells Fargo & Company MN boosted its position in Five9 by 31.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock worth $36,598,000 after purchasing an additional 366,166 shares during the period. Finally, State Street Corp boosted its position in Five9 by 49.3% during the 2nd quarter. State Street Corp now owns 887,639 shares of the software maker’s stock worth $19,103,000 after purchasing an additional 293,067 shares during the period. 93.55% of the stock is owned by hedge funds and other institutional investors.

FIVN has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and set a $26.00 price objective (up from $21.00) on shares of Five9 in a research note on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating and set a $28.00 price objective on shares of Five9 in a research note on Thursday, November 9th. KeyCorp reissued a “buy” rating and set a $27.00 price objective on shares of Five9 in a research note on Friday, October 27th. Northland Securities reissued a “buy” rating and set a $25.00 price objective on shares of Five9 in a research note on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.43.

TRADEMARK VIOLATION NOTICE: This piece was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://ledgergazette.com/2017/12/06/five9-inc-fivn-evp-scott-welch-sells-11892-shares.html.

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).

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

Receive News & Ratings for Five9 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply