Five9 Inc. (FIVN) CFO Barry Zwarenstein Sells 8,000 Shares of Stock
Five9 Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 8,000 shares of Five9 stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $15.67, for a total value of $125,360.00. Following the completion of the sale, the chief financial officer now owns 422,508 shares in the company, valued at $6,620,700.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Barry Zwarenstein also recently made the following trade(s):
- On Thursday, September 1st, Barry Zwarenstein sold 8,000 shares of Five9 stock. The stock was sold at an average price of $15.32, for a total value of $122,560.00.
- On Monday, August 1st, Barry Zwarenstein sold 8,000 shares of Five9 stock. The stock was sold at an average price of $12.62, for a total value of $100,960.00.
Five9 Inc. (NASDAQ:FIVN) opened at 15.38 on Thursday. Five9 Inc. has a 1-year low of $3.63 and a 1-year high of $16.40. The firm’s market capitalization is $808.28 million. The company has a 50-day moving average price of $14.82 and a 200 day moving average price of $11.81.
Five9 (NASDAQ:FIVN) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.05. Five9 had a negative return on equity of 65.04% and a negative net margin of 12.36%. The firm had revenue of $38.90 million for the quarter, compared to analysts’ expectations of $36.86 million. During the same period last year, the firm earned ($0.10) EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. Equities analysts anticipate that Five9 Inc. will post ($0.14) earnings per share for the current year.
Several institutional investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Five9 during the second quarter valued at about $115,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Five9 during the second quarter valued at about $130,000. BlackRock Inc. boosted its position in shares of Five9 by 721.3% in the second quarter. BlackRock Inc. now owns 11,941 shares of the company’s stock valued at $142,000 after buying an additional 10,487 shares during the period. Metropolitan Life Insurance Co. NY purchased a new position in shares of Five9 during the first quarter valued at about $164,000. Finally, TFS Capital LLC purchased a new position in shares of Five9 during the second quarter valued at about $174,000. Institutional investors own 83.84% of the company’s stock.
A number of analysts have commented on the company. Craig Hallum assumed coverage on Five9 in a research report on Thursday, June 9th. They set a “buy” rating and a $16.00 target price on the stock. Bank of America Corp. downgraded Five9 from a “neutral” rating to an “underperform” rating in a research report on Tuesday, September 20th. Barclays PLC boosted their target price on Five9 from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, August 4th. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday. Finally, Needham & Company LLC upped their price objective on Five9 from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $14.56.
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. It facilitates over three billion interactions between its 2,000 clients and clients’ customers per year.
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