Five9 Inc (NASDAQ:FIVN) EVP Gaurav Passi sold 1,347 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $31.35, for a total value of $42,228.45. Following the sale, the executive vice president now owns 95,894 shares of the company’s stock, valued at approximately $3,006,276.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Five9 Inc (NASDAQ FIVN) traded up $0.04 during midday trading on Wednesday, reaching $30.74. The company’s stock had a trading volume of 40,007 shares, compared to its average volume of 427,306. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.35 and a quick ratio of 2.35. Five9 Inc has a fifty-two week low of $15.91 and a fifty-two week high of $32.47.

How to Become a New Pot Stock Millionaire

Five9 (NASDAQ:FIVN) last announced its earnings results on Wednesday, February 21st. The software maker reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The firm had revenue of $55.40 million during the quarter, compared to analysts’ expectations of $52.31 million. Five9 had a negative return on equity of 24.94% and a negative net margin of 4.48%. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. research analysts forecast that Five9 Inc will post -0.15 EPS for the current fiscal year.

FIVN has been the subject of several research analyst reports. SunTrust Banks initiated coverage on Five9 in a report on Wednesday, January 31st. They set a “buy” rating and a $30.00 price target for the company. Barclays cut Five9 from an “overweight” rating to an “equal weight” rating and set a $27.00 price target for the company. in a report on Monday, January 8th. Zacks Investment Research cut Five9 from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. BidaskClub cut Five9 from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Bank of America raised their price target on Five9 from $16.00 to $19.00 and gave the company an “underperform” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Five9 currently has an average rating of “Buy” and a consensus target price of $26.60.

Several institutional investors have recently made changes to their positions in FIVN. California Public Employees Retirement System boosted its holdings in shares of Five9 by 4.7% in the 2nd quarter. California Public Employees Retirement System now owns 39,700 shares of the software maker’s stock worth $854,000 after purchasing an additional 1,800 shares during the period. State Street Corp boosted its holdings in shares of Five9 by 49.3% in the 2nd quarter. State Street Corp now owns 887,639 shares of the software maker’s stock worth $19,103,000 after purchasing an additional 293,067 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Five9 by 42.0% in the 2nd quarter. California State Teachers Retirement System now owns 92,400 shares of the software maker’s stock worth $1,988,000 after purchasing an additional 27,334 shares during the period. American Century Companies Inc. boosted its holdings in shares of Five9 by 16.3% in the 3rd quarter. American Century Companies Inc. now owns 289,341 shares of the software maker’s stock worth $6,915,000 after purchasing an additional 40,482 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Five9 by 44.7% in the 3rd quarter. Sei Investments Co. now owns 19,283 shares of the software maker’s stock worth $461,000 after purchasing an additional 5,961 shares during the period. Hedge funds and other institutional investors own 92.66% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Gaurav Passi Sells 1,347 Shares of Five9 Inc (FIVN) Stock” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2018/03/14/gaurav-passi-sells-1347-shares-of-five9-inc-fivn-stock.html.

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.