Insider Selling: Five9, Inc. (FIVN) CFO Sells 10,378 Shares of Stock

Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 10,378 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.22, for a total transaction of $230,599.16. Following the completion of the sale, the chief financial officer now directly owns 129,742 shares in the company, valued at $2,882,867.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Wednesday, August 9th, Barry Zwarenstein sold 3,020 shares of Five9 stock. The shares were sold at an average price of $21.01, for a total transaction of $63,450.20.
  • On Wednesday, July 12th, Barry Zwarenstein sold 12,622 shares of Five9 stock. The shares were sold at an average price of $22.44, for a total transaction of $283,237.68.
  • 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 transaction 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 transaction of $262,221.63.

Five9, Inc. (NASDAQ FIVN) traded up 1.66% during mid-day trading on Friday, reaching $20.84. 432,986 shares of the company traded hands. The company’s market capitalization is $1.15 billion. The stock has a 50 day moving average price of $21.84 and a 200-day moving average price of $19.43. Five9, Inc. has a 52-week low of $12.58 and a 52-week high of $24.80.

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Large investors have recently modified their holdings of the stock. potrero capital research llc boosted its stake in shares of Five9 by 289.1% in the second quarter. potrero capital research llc now owns 53,690 shares of the software maker’s stock valued at $1,155,000 after buying an additional 39,890 shares during the last quarter. Virtu KCG Holdings LLC boosted its stake in shares of Five9 by 10.7% in the second quarter. Virtu KCG Holdings LLC now owns 15,886 shares of the software maker’s stock valued at $342,000 after buying an additional 1,536 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Five9 by 6.7% in the second quarter. Renaissance Technologies LLC now owns 2,113,600 shares of the software maker’s stock valued at $45,485,000 after buying an additional 132,100 shares during the last quarter. Suntrust Banks Inc. boosted its stake in Five9 by 7.7% in the second quarter. Suntrust Banks Inc. now owns 24,744 shares of the software maker’s stock valued at $531,000 after buying an additional 1,774 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in Five9 by 715.3% in the second quarter. Quantbot Technologies LP now owns 19,884 shares of the software maker’s stock valued at $427,000 after buying an additional 17,445 shares in the last quarter. 92.81% of the stock is owned by institutional investors.

Several analysts recently commented on the stock. Zacks Investment Research cut shares of Five9 from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Morgan Stanley restated an “equal weight” rating and issued a $21.00 target price (up from $18.00) on shares of Five9 in a report on Thursday, July 20th. Northland Securities set a $25.00 target price on shares of Five9 and gave the company a “buy” rating in a report on Wednesday, July 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $26.00 price target (up from $21.00) on shares of Five9 in a research report on Wednesday. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price target on shares of Five9 in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $22.29.

Five9 Company Profile

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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