Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein Sells 2,500 Shares of Stock

Five9, Inc. (NASDAQ:FIVN – Get Rating) CFO Barry Zwarenstein sold 2,500 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $65.09, for a total value of $162,725.00. Following the completion of the transaction, the chief financial officer now owns 89,803 shares of the company’s stock, valued at approximately $5,845,277.27. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, May 17th, Barry Zwarenstein sold 2,500 shares of Five9 stock. The shares were sold at an average price of $55.02, for a total value of $137,550.00.
• On Monday, April 17th, Barry Zwarenstein sold 10,000 shares of Five9 stock. The shares were sold at an average price of $71.23, for a total value of $712,300.00.
• On Friday, March 31st, Barry Zwarenstein sold 2,500 shares of Five9 stock. The shares were sold at an average price of $70.08, for a total value of $175,200.00.
• On Wednesday, March 29th, Barry Zwarenstein sold 2,500 shares of Five9 stock. The shares were sold at an average price of $65.06, for a total value of $162,650.00.
• On Wednesday, March 15th, Barry Zwarenstein sold 5,000 shares of Five9 stock. The shares were sold at an average price of $61.84, for a total value of $309,200.00.
• On Monday, March 6th, Barry Zwarenstein sold 1,992 shares of Five9 stock. The shares were 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 Stock Performance

NASDAQ:FIVN opened at $63.91 on Tuesday. The company has a quick ratio of 5.00, a current ratio of 5.00 and a debt-to-equity ratio of 2.18. The stock has a market cap of $4.55 billion, a P/E ratio of -51.54 and a beta of 0.72. The business’s 50-day moving average price is $63.67 and its two-hundred day moving average price is $67.19. Five9, Inc. has a twelve month low of $46.61 and a twelve month high of $120.39.

Five9 (NASDAQ:FIVN – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The software maker reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.16. The firm had revenue of $208.35 million for the quarter, compared to analyst estimates of $204.47 million. Five9 had a negative return on equity of 21.77% and a negative net margin of 10.78%. As a group, equities analysts predict that Five9, Inc. will post -1.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Five9

Several institutional investors have recently modified their holdings of FIVN. First Horizon Advisors Inc. increased its position in shares of Five9 by 54.2% during the 4th quarter. First Horizon Advisors Inc. now owns 404 shares of the software maker’s stock valued at $27,000 after purchasing an additional 142 shares during the last quarter. Parallel Advisors LLC grew its position in Five9 by 247.0% during the 4th quarter. Parallel Advisors LLC now owns 406 shares of the software maker’s stock worth $28,000 after acquiring an additional 289 shares during the last quarter. Quadrant Capital Group LLC grew its position in Five9 by 1,013.2% during the 4th quarter. Quadrant Capital Group LLC now owns 423 shares of the software maker’s stock worth $29,000 after acquiring an additional 385 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Five9 during the 1st quarter worth approximately $29,000. Finally, Lindbrook Capital LLC grew its position in Five9 by 50.6% during the 4th quarter. Lindbrook Capital LLC now owns 482 shares of the software maker’s stock worth $33,000 after acquiring an additional 162 shares during the last quarter.

Analyst Upgrades and Downgrades

FIVN has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on Five9 from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 23rd. Morgan Stanley upped their price target on Five9 from $65.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, February 23rd. Rosenblatt Securities initiated coverage on Five9 in a report on Thursday, March 23rd. They set a “buy” rating and a $85.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Five9 in a report on Thursday, February 23rd. Finally, Northland Securities increased their price objective on Five9 from $80.00 to $85.00 in a report on Thursday, February 23rd. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.57.

About Five9

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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.