Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 11,000 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $24.89, for a total value of $273,790.00. Following the completion of the sale, the chief financial officer now owns 123,698 shares in the company, valued at $3,078,843.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Barry Zwarenstein also recently made the following trade(s):
- On Tuesday, September 5th, Barry Zwarenstein sold 13,024 shares of Five9 stock. The shares were sold at an average price of $21.25, for a total value of $276,760.00.
- On Wednesday, August 9th, Barry Zwarenstein sold 3,020 shares of Five9 stock. The shares were sold at an average price of $21.01, for a total value of $63,450.20.
- On Tuesday, August 1st, Barry Zwarenstein sold 10,378 shares of Five9 stock. The shares were sold at an average price of $22.22, for a total value of $230,599.16.
- On Wednesday, July 12th, Barry Zwarenstein sold 12,622 shares of Five9 stock. The shares were sold at an average price of $22.44, for a total value of $283,237.68.
Five9, Inc. (NASDAQ FIVN) opened at 25.05 on Monday. The stock has a 50 day moving average price of $22.90 and a 200 day moving average price of $21.32. Five9, Inc. has a 12 month low of $12.58 and a 12 month high of $26.00. The company’s market cap is $1.38 billion.
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FIVN has been the topic of a number of research analyst reports. Northland Securities set a $25.00 price objective on Five9 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Morgan Stanley restated an “equal weight” rating and set a $21.00 target price (up from $18.00) on shares of Five9 in a report on Thursday, July 20th. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, July 4th. Canaccord Genuity increased their target price on Five9 from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, September 27th. Finally, KeyCorp restated a “buy” rating and set a $27.00 target price on shares of Five9 in a report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $23.00.
Several institutional investors have recently added to or reduced their stakes in the company. USA Financial Portformulas Corp purchased a new stake in shares of Five9 during the 2nd quarter worth $459,000. Wasatch Advisors Inc. purchased a new stake in shares of Five9 during the 2nd quarter worth $3,159,000. Verition Fund Management LLC purchased a new stake in shares of Five9 during the 2nd quarter worth $361,000. Castleark Management LLC lifted its position in shares of Five9 by 0.7% during the 2nd quarter. Castleark Management LLC now owns 431,966 shares of the software maker’s stock worth $9,296,000 after purchasing an additional 2,842 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Five9 by 42.0% during 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 last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.
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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