Insider Selling: Five9 Inc (FIVN) EVP Sells 3,903 Shares of Stock

Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 3,903 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $27.13, for a total value of $105,888.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, December 4th, Scott Welch sold 11,892 shares of Five9 stock. The stock was sold at an average price of $23.58, for a total value of $280,413.36.
  • On Wednesday, November 22nd, Scott Welch sold 89,989 shares of Five9 stock. The stock was sold at an average price of $24.66, for a total value of $2,219,128.74.

Five9 Inc (NASDAQ:FIVN) opened at $26.78 on Friday. Five9 Inc has a 1 year low of $15.77 and a 1 year high of $27.81. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.04.

Several hedge funds and other institutional investors have recently modified their holdings of FIVN. Tremblant Capital Group purchased a new position in shares of Five9 during the 3rd quarter valued at $19,544,000. Vanguard Group Inc. lifted its position in shares of Five9 by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock valued at $70,972,000 after buying an additional 670,939 shares during the last quarter. Shell Asset Management Co. purchased a new position in shares of Five9 during the 4th quarter valued at $9,496,000. Wells Fargo & Company MN lifted its position in shares of Five9 by 31.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock valued at $36,598,000 after buying an additional 366,166 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Five9 by 49.3% during the 2nd quarter. State Street Corp now owns 887,639 shares of the software maker’s stock valued at $19,103,000 after buying an additional 293,067 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the company. TheStreet raised Five9 from a “d” rating to a “c-” rating in a research report on Tuesday, November 21st. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price objective on shares of Five9 in a research report on Friday, November 10th. KeyCorp reissued an “overweight” rating and issued a $29.00 price objective (up previously from $27.00) on shares of Five9 in a research report on Wednesday, November 8th. BidaskClub raised Five9 from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. Finally, Barclays cut Five9 from an “overweight” rating to an “equal weight” rating and set a $27.00 price objective on the stock. in a research report on Monday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Five9 currently has an average rating of “Buy” and a consensus price target of $26.89.

TRADEMARK VIOLATION NOTICE: “Insider Selling: Five9 Inc (FIVN) EVP Sells 3,903 Shares of Stock” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/18/insider-selling-five9-inc-fivn-evp-sells-3903-shares-of-stock.html.

About Five9

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.

Leave a Reply