Insider Selling: Five9, Inc. (FIVN) CFO Sells 12,622 Shares of 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 stock was sold at an average price of $22.44, for a total value of $283,237.68. Following the sale, the chief financial officer now directly owns 129,742 shares of the company’s stock, valued at approximately $2,911,410.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 stock was 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 stock was 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 stock was sold at an average price of $21.81, for a total value of $262,221.63.

Shares of Five9, Inc. (NASDAQ FIVN) traded up 2.46% on Friday, hitting $20.42. The company had a trading volume of 538,054 shares. The company’s market capitalization is $1.13 billion. Five9, Inc. has a 12-month low of $12.58 and a 12-month high of $24.80. The firm has a 50-day moving average price of $21.61 and a 200 day moving average price of $19.59.

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A number of brokerages have recently commented on FIVN. Canaccord Genuity upped their price target on Five9 from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Monday, May 8th. Pacific Crest reiterated a “buy” rating and set a $22.00 price target on shares of Five9 in a report on Thursday, May 4th. BidaskClub lowered Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $22.29.

A number of hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Five9 by 0.7% in the fourth quarter. State Street Corp now owns 565,302 shares of the software maker’s stock valued at $8,020,000 after buying an additional 4,208 shares during the last quarter. FMR LLC purchased a new stake in Five9 during the fourth quarter valued at $7,095,000. 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 during the last quarter. AQR Capital Management LLC boosted its stake in Five9 by 4.0% in the fourth quarter. AQR Capital Management LLC now owns 133,283 shares of the software maker’s stock valued at $1,891,000 after buying an additional 5,185 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in Five9 by 107.2% in the fourth quarter. Teachers Advisors LLC now owns 162,982 shares of the software maker’s stock valued at $2,313,000 after buying an additional 84,304 shares during the last quarter. 90.15% of the stock is owned by institutional investors and hedge funds.

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).

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

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