Five9, Inc. (NASDAQ:FIVN) EVP Daniel P. Burkland sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $22.35, for a total value of $223,500.00. Following the transaction, the executive vice president now directly owns 173,498 shares in the company, valued at approximately $3,877,680.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Five9, Inc. (NASDAQ:FIVN) traded up 2.46% during trading on Friday, reaching $20.42. The company’s stock had a trading volume of 538,054 shares. Five9, Inc. has a 1-year low of $12.58 and a 1-year high of $24.80. The stock has a 50 day moving average of $21.61 and a 200-day moving average of $19.59. The company’s market capitalization is $1.13 billion.
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Large investors have recently modified their holdings of 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 shares of 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 worth $3,969,000 after buying an additional 108,114 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Five9 by 15.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 254,284 shares of the software maker’s stock valued at $4,186,000 after buying an additional 33,592 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position 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. Finally, Jane Street Group LLC bought a new position in Five9 during the first quarter valued at approximately $324,000. 90.15% of the stock is owned by institutional investors and hedge funds.
FIVN has been the topic of several analyst reports. Canaccord Genuity reissued a “buy” rating and set a $20.00 target price on shares of Five9 in a research report on Monday, May 1st. Pacific Crest reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Five9 in a research report on Thursday, May 4th. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Monday, May 8th. BidaskClub downgraded 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 Five9 and gave the company a “buy” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.29.
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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