Five9 Inc (NASDAQ:FIVN) CFO Barry Zwarenstein sold 4,372 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $56.93, for a total transaction of $248,897.96. Following the transaction, the chief financial officer now owns 108,392 shares in the company, valued at $6,170,756.56. The sale was disclosed in a filing with the SEC, which is available through this link.

Barry Zwarenstein also recently made the following trade(s):

  • On Wednesday, August 14th, Barry Zwarenstein sold 7,663 shares of Five9 stock. The stock was sold at an average price of $61.47, for a total transaction of $471,044.61.
  • On Monday, July 15th, Barry Zwarenstein sold 7,663 shares of Five9 stock. The stock was sold at an average price of $52.05, for a total transaction of $398,859.15.

Shares of NASDAQ:FIVN traded down $1.21 during trading on Friday, reaching $53.93. The stock had a trading volume of 405,440 shares, compared to its average volume of 549,352. Five9 Inc has a one year low of $34.66 and a one year high of $65.45. The company has a market capitalization of $3.30 billion, a P/E ratio of 359.53, a PEG ratio of 173.17 and a beta of 0.58. The company has a current ratio of 6.41, a quick ratio of 6.41 and a debt-to-equity ratio of 1.27. The firm’s 50-day simple moving average is $59.31 and its 200 day simple moving average is $53.41.

Five9 (NASDAQ:FIVN) last released its quarterly earnings results on Wednesday, July 31st. The software maker reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.07. Five9 had a negative net margin of 0.47% and a positive return on equity of 8.90%. The business had revenue of $77.44 million for the quarter, compared to analysts’ expectations of $72.42 million. During the same period last year, the business earned $0.11 EPS. The company’s revenue was up 26.7% compared to the same quarter last year. Equities research analysts forecast that Five9 Inc will post 0.03 earnings per share for the current fiscal year.

Several research analysts have issued reports on the stock. BidaskClub cut shares of Five9 from a “buy” rating to a “hold” rating in a report on Friday, September 6th. KeyCorp reiterated a “hold” rating on shares of Five9 in a report on Wednesday, July 31st. Rosenblatt Securities assumed coverage on shares of Five9 in a report on Wednesday, September 4th. They set a “neutral” rating and a $73.00 target price on the stock. Zacks Investment Research cut shares of Five9 from a “buy” rating to a “hold” rating in a report on Monday, August 12th. Finally, SunTrust Banks increased their target price on shares of Five9 to $66.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $58.83.

Several large investors have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC purchased a new position in shares of Five9 in the 2nd quarter valued at approximately $44,653,000. Wasatch Advisors Inc. raised its position in shares of Five9 by 39.1% in the 1st quarter. Wasatch Advisors Inc. now owns 2,468,724 shares of the software maker’s stock valued at $130,423,000 after purchasing an additional 694,494 shares during the last quarter. Riverbridge Partners LLC purchased a new position in shares of Five9 in the 2nd quarter valued at approximately $28,158,000. First Trust Advisors LP raised its position in shares of Five9 by 435.6% in the 2nd quarter. First Trust Advisors LP now owns 438,698 shares of the software maker’s stock valued at $22,501,000 after purchasing an additional 356,792 shares during the last quarter. Finally, Federated Investors Inc. PA raised its position in shares of Five9 by 300.2% in the 1st quarter. Federated Investors Inc. PA now owns 369,543 shares of the software maker’s stock valued at $19,523,000 after purchasing an additional 277,198 shares during the last quarter.

About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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