Gaurav Passi Sells 1,347 Shares of Five9 Inc (FIVN) Stock
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.
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.
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.
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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).
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