Five9, Inc. (FIVN) CFO Barry Zwarenstein Sells 13,024 Shares
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.
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.
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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