Barry Zwarenstein Sells 10,000 Shares of Five9 Inc (FIVN) Stock

Five9 Inc (NASDAQ:FIVN) CFO Barry Zwarenstein sold 10,000 shares of the stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $44.79, for a total transaction of $447,900.00. Following the completion of the sale, the chief financial officer now directly owns 121,714 shares in the company, valued at approximately $5,451,570.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, September 4th, Barry Zwarenstein sold 6,384 shares of Five9 stock. The shares were sold at an average price of $47.62, for a total transaction of $304,006.08.
  • On Monday, August 27th, Barry Zwarenstein sold 10,000 shares of Five9 stock. The shares were sold at an average price of $47.25, for a total transaction of $472,500.00.
  • On Wednesday, July 25th, Barry Zwarenstein sold 10,000 shares of Five9 stock. The shares were sold at an average price of $35.55, for a total transaction of $355,500.00.

FIVN stock traded down $0.44 during trading on Thursday, hitting $43.58. The company had a trading volume of 523,600 shares, compared to its average volume of 584,912. The company has a market capitalization of $2.60 billion, a PE ratio of -262.06 and a beta of 0.38. Five9 Inc has a 52-week low of $22.51 and a 52-week high of $49.50. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.96 and a quick ratio of 6.96.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings results on Monday, August 6th. The software maker reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.07. The company had revenue of $61.12 million for the quarter, compared to the consensus estimate of $56.42 million. Five9 had a negative net margin of 1.04% and a negative return on equity of 3.56%. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. sell-side analysts forecast that Five9 Inc will post -0.06 EPS for the current fiscal year.

FIVN has been the topic of several recent analyst reports. BidaskClub raised shares of Five9 from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Five9 in a research note on Thursday, August 23rd. Northland Securities reissued a “buy” rating and issued a $48.00 target price on shares of Five9 in a research note on Tuesday, August 7th. Canaccord Genuity reissued a “buy” rating and issued a $42.00 target price (up previously from $34.00) on shares of Five9 in a research note on Tuesday, August 7th. Finally, Barclays increased their target price on shares of Five9 from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Five9 presently has an average rating of “Buy” and a consensus price target of $39.36.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Five9 by 11.1% in the 2nd quarter. BlackRock Inc. now owns 4,072,663 shares of the software maker’s stock worth $140,794,000 after buying an additional 406,173 shares during the period. Tremblant Capital Group increased its position in Five9 by 7.5% during the 1st quarter. Tremblant Capital Group now owns 1,214,591 shares of the software maker’s stock valued at $36,183,000 after purchasing an additional 84,629 shares during the period. Loomis Sayles & Co. L P increased its position in Five9 by 43.6% during the 1st quarter. Loomis Sayles & Co. L P now owns 1,130,995 shares of the software maker’s stock valued at $33,692,000 after purchasing an additional 343,399 shares during the period. Royal Bank of Canada increased its position in Five9 by 20.6% during the 1st quarter. Royal Bank of Canada now owns 924,924 shares of the software maker’s stock valued at $27,553,000 after purchasing an additional 157,812 shares during the period. Finally, Eventide Asset Management LLC increased its position in Five9 by 55.2% during the 1st quarter. Eventide Asset Management LLC now owns 894,000 shares of the software maker’s stock valued at $26,632,000 after purchasing an additional 318,000 shares during the period. 96.28% of the stock is currently owned by institutional investors.

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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