Five9, Inc. (NASDAQ:FIVN) EVP Scott Welch sold 784 shares of Five9 stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $20.99, for a total transaction of $16,456.16. Following the completion of the transaction, the executive vice president now directly owns 138,841 shares in the company, valued at approximately $2,914,272.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Scott Welch also recently made the following trade(s):

  • On Tuesday, May 23rd, Scott Welch sold 45,671 shares of Five9 stock. The shares were sold at an average price of $21.61, for a total transaction of $986,950.31.
  • On Tuesday, May 16th, Scott Welch sold 3,902 shares of Five9 stock. The shares were sold at an average price of $21.82, for a total transaction of $85,141.64.

Shares of Five9, Inc. (NASDAQ:FIVN) traded down 6.31% during mid-day trading on Thursday, hitting $20.50. 548,267 shares of the stock were exchanged. Five9, Inc. has a 12-month low of $12.58 and a 12-month high of $24.80. The stock’s market capitalization is $1.13 billion. The stock’s 50 day moving average price is $21.95 and its 200-day moving average price is $19.39.

TRADEMARK VIOLATION WARNING: This story was first reported by Daily Political and is owned by of Daily Political. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/08/10/five9-inc-nasdaqfivn-evp-scott-welch-sells-784-shares.html.

Several hedge funds have recently made changes to their positions in FIVN. Bogle Investment Management L P DE increased its stake in Five9 by 0.3% in the first quarter. Bogle Investment Management L P DE now owns 277,551 shares of the software maker’s stock valued at $4,568,000 after buying an additional 800 shares during the last quarter. American International Group Inc. increased its stake in Five9 by 7.1% in the first quarter. American International Group Inc. now owns 20,344 shares of the software maker’s stock valued at $335,000 after buying an additional 1,349 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Five9 by 6.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 24,172 shares of the software maker’s stock valued at $343,000 after buying an additional 1,488 shares during the last quarter. Federated Investors Inc. PA increased its stake in Five9 by 2.9% in the second quarter. Federated Investors Inc. PA now owns 62,034 shares of the software maker’s stock valued at $1,335,000 after buying an additional 1,750 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Five9 by 41.0% in the second quarter. Sei Investments Co. now owns 13,322 shares of the software maker’s stock valued at $287,000 after buying an additional 3,871 shares during the last quarter. 92.81% of the stock is owned by institutional investors.

A number of research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $26.00 price target (up previously from $21.00) on shares of Five9 in a research note on Wednesday. Canaccord Genuity lifted their price target on shares of Five9 from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research lowered shares of Five9 from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 price target (up previously from $18.00) on shares of Five9 in a research note on Thursday, July 20th. Finally, BidaskClub lowered shares of Five9 from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $22.29.

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)

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.