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.

ILLEGAL ACTIVITY NOTICE: “Scott Welch Sells 11,892 Shares of Five9, Inc. (FIVN) Stock” was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://theolympiareport.com/2017/12/07/scott-welch-sells-11892-shares-of-five9-inc-fivn-stock.html.

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).

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.