Five9, Inc. (FIVN) EVP Sells $734,656.02 in Stock

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.

Several research firms recently weighed in on FIVN. Morgan Stanley upped their price target on shares of Five9 from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $28.00 price objective on shares of Five9 in a research note on Thursday, November 9th. KeyCorp reaffirmed an “overweight” rating and set a $29.00 price objective (up previously from $27.00) on shares of Five9 in a research note on Wednesday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of Five9 in a research note on Friday, November 10th. Finally, ValuEngine raised shares of Five9 from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $26.43.

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.

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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).

Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

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