Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 13,024 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $21.25, for a total value of $276,760.00. Following the completion of the transaction, the chief financial officer now owns 123,698 shares in the company, valued at $2,628,582.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Wednesday, August 9th, Barry Zwarenstein sold 3,020 shares of Five9 stock. The shares were sold at an average price of $21.01, for a total value of $63,450.20.
  • On Tuesday, August 1st, Barry Zwarenstein sold 10,378 shares of Five9 stock. The shares were sold at an average price of $22.22, for a total value of $230,599.16.
  • On Wednesday, July 12th, Barry Zwarenstein sold 12,622 shares of Five9 stock. The shares were sold at an average price of $22.44, for a total value of $283,237.68.
  • On Thursday, June 15th, Barry Zwarenstein sold 11,000 shares of Five9 stock. The shares were sold at an average price of $21.97, for a total value of $241,670.00.

Five9, Inc. (NASDAQ FIVN) traded up 2.12% during midday trading on Thursday, reaching $21.69. The company’s stock had a trading volume of 692,067 shares. The firm’s market capitalization is $1.20 billion. Five9, Inc. has a 52 week low of $12.58 and a 52 week high of $24.80. The stock has a 50 day moving average of $21.41 and a 200 day moving average of $20.08.

ILLEGAL ACTIVITY WARNING: “Five9, Inc. (FIVN) CFO Barry Zwarenstein Sells 13,024 Shares” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/09/07/five9-inc-fivn-cfo-barry-zwarenstein-sells-13024-shares.html.

Several hedge funds and other institutional investors have recently bought and sold shares of FIVN. BNP Paribas Arbitrage SA lifted its position in shares of Five9 by 4,389.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after purchasing an additional 5,443 shares during the last quarter. Oxford Asset Management acquired a new position in shares of Five9 during the 1st quarter worth about $174,000. Tudor Investment Corp ET AL acquired a new position in shares of Five9 during the 2nd quarter worth about $202,000. Principal Financial Group Inc. acquired a new position in shares of Five9 during the 2nd quarter worth about $219,000. Finally, potrero capital research llc acquired a new position in shares of Five9 during the 1st quarter worth about $227,000. 91.88% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the company. Northland Securities set a $25.00 target price on Five9 and gave the company a “buy” rating in a report on Wednesday, July 19th. Morgan Stanley reiterated an “equal weight” rating and set a $21.00 target price (up from $18.00) on shares of Five9 in a report on Thursday, July 20th. Zacks Investment Research downgraded Five9 from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Canaccord Genuity raised their target price on Five9 from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, BidaskClub downgraded Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $22.29.

About Five9

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.