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.
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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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