Five9, Inc. (NASDAQ:FIVN) CEO Barry Zwarenstein sold 3,073 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $23.79, for a total transaction of $73,106.67. Following the completion of the sale, the chief executive officer now directly owns 121,368 shares of the company’s stock, valued at $2,887,344.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Barry Zwarenstein also recently made the following trade(s):

  • On Monday, November 27th, Barry Zwarenstein sold 5,000 shares of Five9 stock. The shares were sold at an average price of $24.42, for a total transaction of $122,100.00.
  • On Tuesday, October 3rd, Barry Zwarenstein sold 11,000 shares of Five9 stock. The stock was sold at an average price of $24.89, for a total transaction of $273,790.00.

Five9, Inc. (NASDAQ:FIVN) traded down $0.23 during trading hours on Thursday, reaching $22.73. 374,700 shares of the company were exchanged, compared to its average volume of 470,434. Five9, Inc. has a 12 month low of $12.58 and a 12 month high of $27.81. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.17 and a quick ratio of 2.17.

Five9 (NASDAQ:FIVN) last posted its earnings results on Wednesday, November 8th. The software maker reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. Five9 had a negative net margin of 4.19% and a negative return on equity of 34.14%. The company had revenue of $50.08 million during the quarter, compared to analysts’ expectations of $48.20 million. The business’s revenue was up 22.2% compared to the same quarter last year. equities analysts anticipate that Five9, Inc. will post -0.18 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of FIVN. Teachers Advisors LLC lifted its position in Five9 by 9.6% during the first quarter. Teachers Advisors LLC now owns 178,564 shares of the software maker’s stock valued at $2,939,000 after acquiring an additional 15,582 shares during the last quarter. Vanguard Group Inc. lifted its position in Five9 by 28.2% during the first quarter. Vanguard Group Inc. now owns 2,626,988 shares of the software maker’s stock valued at $43,240,000 after acquiring an additional 577,738 shares during the last quarter. Geode Capital Management LLC lifted its position in Five9 by 3.4% during the first quarter. Geode Capital Management LLC now owns 332,171 shares of the software maker’s stock valued at $5,467,000 after acquiring an additional 11,064 shares during the last quarter. Morgan Stanley lifted its position in Five9 by 190.7% during the first quarter. Morgan Stanley now owns 317,430 shares of the software maker’s stock valued at $5,226,000 after acquiring an additional 208,236 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Five9 by 15.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 254,284 shares of the software maker’s stock valued at $4,186,000 after acquiring an additional 33,592 shares during the last quarter. 93.55% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on FIVN shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $28.00 price target on shares of Five9 in a research report on Thursday, November 9th. Zacks Investment Research cut shares of Five9 from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. KeyCorp reaffirmed a “buy” rating and issued a $27.00 price target on shares of Five9 in a research report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 price target on shares of Five9 in a research report on Friday, November 10th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $25.00 price target on shares of Five9 in a research report on Friday, September 1st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Five9 presently has an average rating of “Buy” and an average target price of $26.43.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://theolympiareport.com/2017/12/07/barry-zwarenstein-sells-3073-shares-of-five9-inc-fivn-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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.