Insider Selling: Five9 Inc. (FIVN) Director Sells 500,000 Shares of Stock
Five9 Inc. (NASDAQ:FIVN) Director Jayendra Das sold 500,000 shares of the firm’s stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $15.40, for a total value of $7,700,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Jayendra Das also recently made the following trade(s):
- On Tuesday, September 6th, Jayendra Das sold 167,920 shares of Five9 stock. The stock was sold at an average price of $15.58, for a total value of $2,616,193.60.
Five9 Inc. (NASDAQ:FIVN) traded down 0.25% during mid-day trading on Wednesday, hitting $15.83. The company had a trading volume of 518,708 shares. The firm’s market capitalization is $838.48 million. Five9 Inc. has a 12-month low of $6.14 and a 12-month high of $16.40. The company’s 50 day moving average price is $14.50 and its 200-day moving average price is $13.29.
Several analysts recently commented on the company. Zacks Investment Research downgraded Five9 from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America Corp. reissued a “sell” rating and issued a $13.00 price target on shares of Five9 in a research note on Wednesday, November 16th. Needham & Company LLC lifted their price target on Five9 from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 2nd. Finally, Barclays PLC lifted their price target on Five9 from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $15.13.
A number of hedge funds have recently modified their holdings of the stock. Hamilton Lane Advisors LLC purchased a new stake in shares of Five9 during the second quarter worth approximately $292,000. Bollard Group LLC purchased a new stake in shares of Five9 during the second quarter worth approximately $254,000. American Century Companies Inc. purchased a new stake in shares of Five9 during the second quarter worth approximately $589,000. Hood River Capital Management LLC boosted its stake in shares of Five9 by 62.1% in the second quarter. Hood River Capital Management LLC now owns 439,715 shares of the company’s stock worth $5,233,000 after buying an additional 168,372 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Five9 by 13.4% in the second quarter. Bank of New York Mellon Corp now owns 192,223 shares of the company’s stock worth $2,288,000 after buying an additional 22,674 shares during the period. 89.72% of the stock is currently owned by institutional investors and hedge funds.
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.
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.