Five9, Inc. (FIVN) EVP Scott Welch Sells 11,892 Shares
Five9, Inc. (NASDAQ:FIVN) EVP Scott Welch sold 11,892 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $23.58, for a total value of $280,413.36. Following the completion of the sale, the executive vice president now owns 112,484 shares in the company, valued at $2,652,372.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Scott Welch also recently made the following trade(s):
- On Wednesday, November 22nd, Scott Welch sold 89,989 shares of Five9 stock. The shares were sold at an average price of $24.66, for a total value of $2,219,128.74.
- On Thursday, November 16th, Scott Welch sold 3,902 shares of Five9 stock. The shares were sold at an average price of $25.30, for a total value of $98,720.60.
Shares of Five9, Inc. (NASDAQ FIVN) traded down $0.12 during midday trading on Tuesday, hitting $22.96. The stock had a trading volume of 648,153 shares, compared to its average volume of 470,843. Five9, Inc. has a 52 week low of $12.58 and a 52 week high of $27.81. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04.
Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The company had revenue of $50.08 million during the quarter, compared to analyst estimates of $48.20 million. The business’s revenue was up 22.2% compared to the same quarter last year. sell-side analysts anticipate that Five9, Inc. will post -0.18 EPS for the current year.
A number of equities research analysts recently issued reports on the company. TheStreet upgraded Five9 from a “d” rating to a “c-” rating in a research note on Tuesday, November 21st. Needham & Company LLC restated a “buy” rating and issued a $26.00 price objective (up from $21.00) on shares of Five9 in a research note on Wednesday, August 9th. BidaskClub lowered Five9 from a “buy” rating to a “hold” rating in a report on Saturday. Northland Securities reaffirmed a “buy” rating and set a $25.00 target price on shares of Five9 in a report on Wednesday, October 4th. Finally, KeyCorp reaffirmed a “buy” rating and set a $27.00 target price on shares of Five9 in a report on Friday, September 22nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $26.43.
A number of institutional investors and hedge funds have recently modified their holdings of FIVN. BNP Paribas Arbitrage SA boosted its stake in Five9 by 4,389.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after buying an additional 5,443 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in Five9 in the third quarter worth approximately $195,000. Tudor Investment Corp ET AL purchased a new stake in Five9 in the second quarter worth approximately $202,000. Janney Montgomery Scott LLC purchased a new stake in Five9 in the third quarter worth approximately $211,000. Finally, Principal Financial Group Inc. purchased a new stake in Five9 in the second quarter worth approximately $219,000. 93.55% of the stock is owned by institutional investors and hedge funds.
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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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