Scott Welch Sells 11,892 Shares of Five9, Inc. (FIVN) Stock
Five9, Inc. (NASDAQ:FIVN) EVP Scott Welch sold 11,892 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $23.58, for a total value of $280,413.36. Following the sale, the executive vice president now owns 112,484 shares of the company’s stock, valued at $2,652,372.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Scott Welch also recently made the following trade(s):
- 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 transaction of $2,219,128.74.
- On Thursday, November 16th, Scott Welch sold 3,902 shares of Five9 stock. The stock was sold at an average price of $25.30, for a total transaction of $98,720.60.
Shares of Five9, Inc. (FIVN) opened at $22.73 on Thursday. Five9, Inc. has a 1-year low of $12.58 and a 1-year high of $27.81. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04.
Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. The business had revenue of $50.08 million during the quarter, compared to the consensus estimate of $48.20 million. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. Five9’s revenue was up 22.2% compared to the same quarter last year. equities analysts predict that Five9, Inc. will post -0.18 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of FIVN. BNP Paribas Arbitrage SA grew its holdings in Five9 by 4,389.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,567 shares of the software maker’s stock worth $120,000 after acquiring an additional 5,443 shares during the period. Envestnet Asset Management Inc. acquired a new stake in Five9 during the 3rd quarter worth about $195,000. Tudor Investment Corp ET AL acquired a new stake in Five9 during the 2nd quarter worth about $202,000. Janney Montgomery Scott LLC acquired a new stake in Five9 during the 3rd quarter worth about $211,000. Finally, Principal Financial Group Inc. acquired a new stake in Five9 during the 2nd quarter worth about $219,000. Institutional investors and hedge funds own 93.55% of the company’s stock.
FIVN has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $26.00 price target (up from $21.00) on shares of Five9 in a report on Wednesday, August 9th. Canaccord Genuity reiterated a “buy” rating and set a $28.00 price target on shares of Five9 in a report on Thursday, November 9th. KeyCorp reiterated a “buy” rating and set a $27.00 price target on shares of Five9 in a report on Friday, October 27th. Northland Securities reiterated a “buy” rating and set a $25.00 price target on shares of Five9 in a report on Wednesday, October 4th. Finally, Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Monday, November 13th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $26.43.
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Five9 Company Profile
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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