Barry Zwarenstein Sells 5,000 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN – Get Rating) CFO Barry Zwarenstein sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $61.84, for a total transaction of $309,200.00. Following the completion of the transaction, the chief financial officer now owns 112,303 shares in the company, valued at approximately $6,944,817.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, March 6th, Barry Zwarenstein sold 1,992 shares of Five9 stock. The stock was sold at an average price of $68.70, for a total value of $136,850.40.
• On Tuesday, February 28th, Barry Zwarenstein sold 497 shares of Five9 stock. The shares were sold at an average price of $68.05, for a total value of $33,820.85.

Five9 Price Performance

Five9 stock opened at $60.41 on Friday. Five9, Inc. has a 52 week low of $46.61 and a 52 week high of $121.17. The company’s 50 day moving average price is $73.41 and its two-hundred day moving average price is $70.19. The stock has a market cap of $4.30 billion, a P/E ratio of -44.75 and a beta of 0.72. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 2.38.

Analyst Ratings Changes

FIVN has been the topic of several recent analyst reports. KeyCorp boosted their price target on Five9 from $86.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Five9 from $55.00 to $70.00 in a research note on Thursday, February 23rd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $70.00 price target on shares of Five9 in a research note on Thursday, February 23rd. StockNews.com started coverage on shares of Five9 in a research report on Thursday. They set a “hold” rating on the stock. Finally, Morgan Stanley boosted their target price on Five9 from $65.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, February 23rd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Five9 has an average rating of “Moderate Buy” and an average target price of $84.67.

Institutional Trading of Five9

A number of hedge funds have recently bought and sold shares of FIVN. Voya Investment Management LLC increased its position in shares of Five9 by 6.1% during the 2nd quarter. Voya Investment Management LLC now owns 180,505 shares of the software maker’s stock valued at $16,452,000 after purchasing an additional 10,302 shares during the last quarter. Centiva Capital LP raised its position in Five9 by 12.2% in the third quarter. Centiva Capital LP now owns 2,804 shares of the software maker’s stock worth $210,000 after acquiring an additional 304 shares during the period. Vista Equity Partners Management LLC boosted its stake in Five9 by 50.1% in the third quarter. Vista Equity Partners Management LLC now owns 364,256 shares of the software maker’s stock valued at $27,312,000 after acquiring an additional 121,595 shares during the last quarter. Capital Fund Management S.A. grew its position in shares of Five9 by 40.6% during the 3rd quarter. Capital Fund Management S.A. now owns 110,838 shares of the software maker’s stock valued at $8,311,000 after acquiring an additional 31,991 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of Five9 by 15.3% during the 3rd quarter. California Public Employees Retirement System now owns 138,697 shares of the software maker’s stock worth $10,400,000 after purchasing an additional 18,363 shares during the last quarter.

Five9 Company Profile

(Get Rating)

Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.