Five9 Inc (FIVN) EVP Scott Welch Sells 1,412 Shares

Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 1,412 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of $39.82, for a total transaction of $56,225.84. Following the transaction, the executive vice president now owns 78,373 shares of the company’s stock, valued at approximately $3,120,812.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, November 5th, Scott Welch sold 1,750 shares of Five9 stock. The shares were sold at an average price of $37.99, for a total transaction of $66,482.50.
  • On Tuesday, October 23rd, Scott Welch sold 1,031 shares of Five9 stock. The shares were sold at an average price of $37.47, for a total transaction of $38,631.57.
  • On Thursday, October 18th, Scott Welch sold 1,411 shares of Five9 stock. The shares were sold at an average price of $39.10, for a total transaction of $55,170.10.
  • On Friday, October 5th, Scott Welch sold 1,750 shares of Five9 stock. The shares were sold at an average price of $40.51, for a total transaction of $70,892.50.
  • On Monday, September 24th, Scott Welch sold 1,031 shares of Five9 stock. The shares were sold at an average price of $43.47, for a total transaction of $44,817.57.
  • On Tuesday, September 18th, Scott Welch sold 1,412 shares of Five9 stock. The shares were sold at an average price of $46.32, for a total transaction of $65,403.84.
  • On Wednesday, September 5th, Scott Welch sold 15,912 shares of Five9 stock. The shares were sold at an average price of $47.25, for a total transaction of $751,842.00.
  • On Thursday, August 23rd, Scott Welch sold 1,032 shares of Five9 stock. The shares were sold at an average price of $45.97, for a total transaction of $47,441.04.

Shares of FIVN traded up $0.30 during midday trading on Friday, hitting $37.64. The stock had a trading volume of 2,557 shares, compared to its average volume of 745,777. Five9 Inc has a 1 year low of $22.51 and a 1 year high of $49.50. The company has a market cap of $2.19 billion, a P/E ratio of -221.11, a P/E/G ratio of 96.36 and a beta of 0.59. The company has a current ratio of 6.95, a quick ratio of 6.95 and a debt-to-equity ratio of 1.56.

Five9 (NASDAQ:FIVN) last announced its earnings results on Tuesday, November 6th. The software maker reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. Five9 had a negative net margin of 1.90% and a positive return on equity of 0.88%. The business had revenue of $65.30 million for the quarter, compared to the consensus estimate of $61.70 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. Analysts predict that Five9 Inc will post 0.04 earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective for the company in a research report on Thursday, August 9th. BidaskClub upgraded shares of Five9 from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 24th. Bank of America increased their price objective on shares of Five9 from $21.00 to $25.00 and gave the company an “underperform” rating in a research report on Tuesday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Five9 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, August 7th. Finally, Northland Securities reissued a “buy” rating and issued a $48.00 target price on shares of Five9 in a research note on Tuesday, August 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $40.92.

Several institutional investors and hedge funds have recently made changes to their positions in FIVN. EULAV Asset Management purchased a new position in Five9 in the 3rd quarter worth about $1,197,000. Raymond James & Associates purchased a new position in Five9 in the 2nd quarter worth about $335,000. Verition Fund Management LLC purchased a new position in Five9 in the 2nd quarter worth about $423,000. BlackRock Inc. increased its stake in Five9 by 11.1% in the 2nd quarter. BlackRock Inc. now owns 4,072,663 shares of the software maker’s stock worth $140,794,000 after buying an additional 406,173 shares during the period. Finally, Engineers Gate Manager LP purchased a new position in Five9 in the 3rd quarter worth about $3,963,000. 97.67% of the stock is currently owned by institutional investors and hedge funds.

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About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It 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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