Scott Welch Sells 3,903 Shares of Five9, Inc. (FIVN) Stock
Five9, Inc. (NASDAQ:FIVN) EVP Scott Welch sold 3,903 shares of Five9 stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $20.88, for a total value of $81,494.64. Following the completion of the sale, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,856,363.12. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Scott Welch also recently made the following trade(s):
- On Wednesday, August 9th, Scott Welch sold 784 shares of Five9 stock. The shares were sold at an average price of $20.99, for a total value of $16,456.16.
- On Tuesday, May 23rd, Scott Welch sold 45,671 shares of Five9 stock. The shares were sold at an average price of $21.61, for a total value of $986,950.31.
Shares of Five9, Inc. (FIVN) traded down 3.25% during midday trading on Thursday, hitting $19.93. The stock had a trading volume of 285,215 shares. The firm has a 50 day moving average of $21.63 and a 200-day moving average of $19.56. The company’s market cap is $1.10 billion. Five9, Inc. has a one year low of $12.58 and a one year high of $24.80.
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Several brokerages have recently commented on FIVN. Northland Securities set a $25.00 price target on Five9 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, July 4th. BidaskClub lowered Five9 from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Pacific Crest reissued a “buy” rating and set a $22.00 price target on shares of Five9 in a research note on Thursday, May 4th. Finally, Canaccord Genuity reissued a “buy” rating and set a $20.00 price target on shares of Five9 in a research note on Monday, May 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Five9 currently has a consensus rating of “Buy” and a consensus price target of $22.29.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its position in Five9 by 4,389.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock valued at $120,000 after buying an additional 5,443 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Five9 during the second quarter worth $202,000. Principal Financial Group Inc. acquired a new stake in shares of Five9 during the second quarter worth $219,000. Oxford Asset Management acquired a new stake in shares of Five9 during the first quarter worth $174,000. Finally, D.A. Davidson & CO. boosted its stake in shares of Five9 by 20.8% in the second quarter. D.A. Davidson & CO. now owns 11,476 shares of the software maker’s stock worth $246,000 after buying an additional 1,976 shares during the last quarter. Institutional investors and hedge funds own 90.15% of the company’s stock.
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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