Insider Selling: Five9, Inc. (NASDAQ:FIVN) EVP Sells 3,676 Shares of Stock

Five9, Inc. (NASDAQ:FIVNGet Rating) EVP Scott Welch sold 3,676 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $99.85, for a total transaction of $367,048.60. Following the completion of the sale, the executive vice president now owns 30,887 shares in the company, valued at approximately $3,084,066.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:FIVN traded up $0.26 during midday trading on Wednesday, hitting $101.32. The company’s stock had a trading volume of 665,489 shares, compared to its average volume of 1,251,363. The business’s 50 day simple moving average is $104.65 and its 200 day simple moving average is $116.66. The company has a debt-to-equity ratio of 3.44, a quick ratio of 3.40 and a current ratio of 3.40. The company has a market cap of $7.05 billion, a P/E ratio of -92.95 and a beta of 0.51. Five9, Inc. has a 12-month low of $80.52 and a 12-month high of $211.68.

Five9 (NASDAQ:FIVNGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The software maker reported $0.22 earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.52. The firm had revenue of $182.80 million for the quarter, compared to the consensus estimate of $170.87 million. Five9 had a negative net margin of 11.43% and a negative return on equity of 24.00%. The company’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period last year, the firm posted ($0.08) earnings per share. On average, sell-side analysts predict that Five9, Inc. will post -0.91 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. National Bank of Canada FI purchased a new position in shares of Five9 in the fourth quarter worth about $29,000. UMB Bank N A MO acquired a new stake in Five9 during the fourth quarter worth about $35,000. Huntington National Bank increased its position in Five9 by 56.5% during the fourth quarter. Huntington National Bank now owns 313 shares of the software maker’s stock worth $43,000 after purchasing an additional 113 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Five9 during the first quarter worth about $41,000. Finally, Sageworth Trust Co of South Dakota acquired a new stake in Five9 during the fourth quarter worth about $52,000. 97.89% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on FIVN shares. Colliers Securities reiterated a “buy” rating and issued a $200.00 price objective on shares of Five9 in a research note on Thursday, February 24th. KeyCorp cut their price objective on shares of Five9 from $208.00 to $155.00 and set an “overweight” rating on the stock in a research note on Thursday, February 24th. TheStreet downgraded shares of Five9 from a “c-” rating to a “d+” rating in a report on Wednesday, May 11th. Wells Fargo & Company lowered their price target on shares of Five9 from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Tuesday, March 15th. Finally, Truist Financial lowered their price target on shares of Five9 from $210.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $160.90.

About Five9 (Get Rating)

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.

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Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

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