Five9, Inc. (NASDAQ:FIVN) EVP Gaurav Passi sold 29,398 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $24.99, for a total transaction of $734,656.02. Following the transaction, the executive vice president now owns 106,185 shares of the company’s stock, valued at approximately $2,653,563.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Five9, Inc. (FIVN) traded up $0.19 during midday trading on Thursday, reaching $24.51. 656,642 shares of the company traded hands, compared to its average volume of 468,847. 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 posted its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $50.08 million during the quarter, compared to analysts’ expectations of $48.20 million. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. equities analysts forecast that Five9, Inc. will post -0.18 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its stake in shares of Five9 by 4,389.5% in the 2nd 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. Envestnet Asset Management Inc. purchased a new stake in shares of Five9 in the 3rd quarter valued at approximately $195,000. Tudor Investment Corp ET AL purchased a new stake in shares of Five9 in the 2nd quarter valued at approximately $202,000. Janney Montgomery Scott LLC purchased a new stake in shares of Five9 in the 3rd quarter valued at approximately $211,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Five9 in the 2nd quarter valued at approximately $219,000. 93.55% of the stock is owned by institutional investors and hedge funds.
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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