Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 11,850 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $30.84, for a total transaction of $365,454.00. Following the transaction, the executive vice president now directly owns 122,109 shares of the company’s stock, valued at approximately $3,765,841.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Scott Welch also recently made the following trade(s):
- On Tuesday, February 27th, Scott Welch sold 134,434 shares of Five9 stock. The shares were sold at an average price of $29.55, for a total transaction of $3,972,524.70.
- On Friday, February 16th, Scott Welch sold 3,903 shares of Five9 stock. The shares were sold at an average price of $27.13, for a total transaction of $105,888.39.
Shares of Five9 Inc (NASDAQ:FIVN) opened at $31.30 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.85. Five9 Inc has a fifty-two week low of $15.91 and a fifty-two week high of $32.47. The stock has a market capitalization of $1,741.76, a PE ratio of -195.63 and a beta of 0.08.
Five9 (NASDAQ:FIVN) last issued its earnings results on Wednesday, February 21st. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The business had revenue of $55.40 million during the quarter, compared to analysts’ expectations of $52.31 million. Five9 had a negative return on equity of 24.94% and a negative net margin of 4.48%. The company’s revenue was up 25.3% compared to the same quarter last year. research analysts expect that Five9 Inc will post -0.15 earnings per share for the current fiscal year.
FIVN has been the subject of a number of research analyst reports. TheStreet raised shares of Five9 from a “d” rating to a “c-” rating in a research note on Tuesday, November 21st. BidaskClub downgraded shares of Five9 from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Barclays cut Five9 from an “overweight” rating to an “equal weight” rating and set a $27.00 target price for the company. in a report on Monday, January 8th. Zacks Investment Research cut Five9 from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, SunTrust Banks initiated coverage on Five9 in a report on Wednesday, January 31st. They set a “buy” rating and a $30.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.60.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB purchased a new position in Five9 in the 4th quarter worth approximately $201,000. MetLife Investment Advisors LLC purchased a new position in Five9 in the 4th quarter worth approximately $614,000. Macquarie Group Ltd. boosted its holdings in Five9 by 2.3% in the 4th quarter. Macquarie Group Ltd. now owns 116,420 shares of the software maker’s stock worth $2,897,000 after acquiring an additional 2,650 shares during the period. Harvest Capital Strategies LLC boosted its holdings in Five9 by 16.3% in the 4th quarter. Harvest Capital Strategies LLC now owns 250,000 shares of the software maker’s stock worth $6,220,000 after acquiring an additional 35,000 shares during the period. Finally, Millennium Management LLC boosted its holdings in Five9 by 47.4% in the 4th quarter. Millennium Management LLC now owns 645,839 shares of the software maker’s stock worth $16,068,000 after acquiring an additional 207,556 shares during the period. Hedge funds and other institutional investors own 92.66% of the company’s stock.
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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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