Five9 Inc (FIVN) EVP Scott Welch Sells 1,412 Shares

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Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 1,412 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $49.07, for a total value of $69,286.84. Following the completion of the transaction, the executive vice president now directly owns 76,329 shares in the company, valued at $3,745,464.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Scott Welch also recently made the following trade(s):

  • On Monday, March 25th, Scott Welch sold 1,031 shares of Five9 stock. The stock was sold at an average price of $53.11, for a total value of $54,756.41.
  • On Monday, March 18th, Scott Welch sold 1,411 shares of Five9 stock. The stock was sold at an average price of $55.09, for a total value of $77,731.99.
  • On Tuesday, March 5th, Scott Welch sold 11,351 shares of Five9 stock. The stock was sold at an average price of $51.68, for a total value of $586,619.68.
  • On Monday, February 25th, Scott Welch sold 1,031 shares of Five9 stock. The stock was sold at an average price of $53.30, for a total value of $54,952.30.
  • On Tuesday, February 19th, Scott Welch sold 1,411 shares of Five9 stock. The shares were sold at an average price of $54.41, for a total value of $76,772.51.
  • On Wednesday, January 23rd, Scott Welch sold 1,032 shares of Five9 stock. The shares were sold at an average price of $46.17, for a total value of $47,647.44.
  • On Friday, January 18th, Scott Welch sold 1,412 shares of Five9 stock. The shares were sold at an average price of $47.65, for a total value of $67,281.80.

Shares of Five9 stock traded down $0.28 during trading hours on Thursday, hitting $49.55. 452,645 shares of the company’s stock traded hands, compared to its average volume of 856,238. The company has a debt-to-equity ratio of 1.41, a current ratio of 6.96 and a quick ratio of 6.96. The company has a market capitalization of $2.95 billion, a PE ratio of 330.33 and a beta of 0.62. Five9 Inc has a twelve month low of $26.92 and a twelve month high of $57.90.

Five9 (NASDAQ:FIVN) last announced its earnings results on Tuesday, February 19th. The software maker reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.10. The company had revenue of $72.34 million during the quarter, compared to the consensus estimate of $66.53 million. Five9 had a positive return on equity of 7.20% and a negative net margin of 0.09%. On average, equities analysts expect that Five9 Inc will post -0.05 earnings per share for the current fiscal year.

Several analysts recently issued reports on the company. Canaccord Genuity increased their price target on Five9 from $45.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. They noted that the move was a valuation call. SunTrust Banks increased their price target on Five9 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. KeyCorp reiterated a “hold” rating on shares of Five9 in a report on Tuesday, February 19th. BidaskClub downgraded Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Finally, Zacks Investment Research upgraded Five9 from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $52.38.

Several institutional investors have recently made changes to their positions in FIVN. Flinton Capital Management LLC acquired a new stake in shares of Five9 during the fourth quarter valued at about $30,000. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Five9 during the fourth quarter valued at about $34,000. Private Capital Group LLC grew its stake in shares of Five9 by 263.4% during the fourth quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock valued at $46,000 after acquiring an additional 769 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Five9 by 58.3% during the fourth quarter. Bank of Montreal Can now owns 1,135 shares of the software maker’s stock valued at $49,000 after acquiring an additional 418 shares in the last quarter. Finally, Strs Ohio grew its stake in shares of Five9 by 112.5% during the fourth quarter. Strs Ohio now owns 3,400 shares of the software maker’s stock valued at $148,000 after acquiring an additional 1,800 shares in the last quarter.

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Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. The company offers virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions; and acts as a hub for omnichannel engagement between the clients and their customers, which enables them to manage the end-to-end customer experience in a single unified architecture.

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