Five9, Inc. (FIVN) CFO Sells $283,237.68 in Stock

Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 12,622 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $22.44, for a total value of $283,237.68. Following the completion of the transaction, the chief financial officer now owns 129,742 shares in the company, valued at $2,911,410.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, August 9th, Barry Zwarenstein sold 3,020 shares of Five9 stock. The stock was sold at an average price of $21.01, for a total value of $63,450.20.
  • On Tuesday, August 1st, Barry Zwarenstein sold 10,378 shares of Five9 stock. The shares were sold at an average price of $22.22, for a total value of $230,599.16.
  • On Thursday, June 15th, Barry Zwarenstein sold 11,000 shares of Five9 stock. The shares were sold at an average price of $21.97, for a total value of $241,670.00.
  • On Thursday, May 25th, Barry Zwarenstein sold 12,023 shares of Five9 stock. The shares were sold at an average price of $21.81, for a total value of $262,221.63.

Shares of Five9, Inc. (FIVN) traded up 1.66% on Friday, hitting $20.84. 432,986 shares of the stock were exchanged. The company’s market cap is $1.15 billion. The firm’s 50-day moving average is $21.84 and its 200-day moving average is $19.43. Five9, Inc. has a one year low of $12.58 and a one year high of $24.80.

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Several institutional investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP boosted its stake in shares of Five9 by 93.0% in the first quarter. Trexquant Investment LP now owns 49,564 shares of the software maker’s stock worth $816,000 after buying an additional 23,877 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Five9 by 81.3% in the first quarter. Bank of New York Mellon Corp now owns 241,072 shares of the software maker’s stock valued at $3,969,000 after buying an additional 108,114 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Five9 by 6.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 24,172 shares of the software maker’s stock valued at $343,000 after buying an additional 1,488 shares in the last quarter. Jane Street Group LLC purchased a new stake in Five9 during the first quarter valued at $324,000. Finally, FMR LLC purchased a new stake in Five9 during the fourth quarter valued at $7,095,000. Hedge funds and other institutional investors own 92.81% of the company’s stock.

FIVN has been the topic of several research reports. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price objective on shares of Five9 in a report on Monday, May 1st. Pacific Crest reiterated a “buy” rating and set a $22.00 target price on shares of Five9 in a research note on Thursday, May 4th. Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Monday, May 8th. BidaskClub downgraded shares of Five9 from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, Northland Securities set a $25.00 price objective on shares of Five9 and gave the company a “buy” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $22.29.

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).

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