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.
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).
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