Scott Welch Sells 1,750 Shares of Five9 Inc (FIVN) Stock

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Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 1,750 shares of the business’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $37.99, for a total value of $66,482.50. Following the sale, the executive vice president now owns 78,711 shares in the company, valued at $2,990,230.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, October 23rd, Scott Welch sold 1,031 shares of Five9 stock. The stock was sold at an average price of $37.47, for a total value of $38,631.57.
  • On Thursday, October 18th, Scott Welch sold 1,411 shares of Five9 stock. The stock was sold at an average price of $39.10, for a total value of $55,170.10.
  • On Friday, October 5th, Scott Welch sold 1,750 shares of Five9 stock. The stock was sold at an average price of $40.51, for a total value of $70,892.50.
  • On Monday, September 24th, Scott Welch sold 1,031 shares of Five9 stock. The stock was sold at an average price of $43.47, for a total value of $44,817.57.
  • On Tuesday, September 18th, Scott Welch sold 1,412 shares of Five9 stock. The stock was sold at an average price of $46.32, for a total value of $65,403.84.
  • On Wednesday, September 5th, Scott Welch sold 15,912 shares of Five9 stock. The stock was sold at an average price of $47.25, for a total value of $751,842.00.
  • On Thursday, August 23rd, Scott Welch sold 1,032 shares of Five9 stock. The stock was sold at an average price of $45.97, for a total value of $47,441.04.
  • On Monday, August 20th, Scott Welch sold 1,411 shares of Five9 stock. The stock was sold at an average price of $44.19, for a total value of $62,352.09.

Shares of FIVN stock opened at $44.00 on Wednesday. Five9 Inc has a one year low of $22.51 and a one year high of $49.50. The company has a market capitalization of $2.29 billion, a P/E ratio of -258.82 and a beta of 0.59. The company has a current ratio of 6.96, a quick ratio of 6.96 and a debt-to-equity ratio of 1.66.

Five9 (NASDAQ:FIVN) last announced its earnings results on Tuesday, November 6th. The software maker reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.09. Five9 had a negative return on equity of 3.56% and a negative net margin of 1.04%. The business had revenue of $65.30 million for the quarter, compared to analysts’ expectations of $61.70 million. During the same period in the prior year, the business posted $0.04 earnings per share. The firm’s revenue was up 30.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Five9 Inc will post -0.06 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC acquired a new position in Five9 in the second quarter valued at approximately $110,000. Great West Life Assurance Co. Can lifted its stake in Five9 by 81.0% in the second quarter. Great West Life Assurance Co. Can now owns 5,407 shares of the software maker’s stock valued at $187,000 after buying an additional 2,419 shares during the period. Atria Investments LLC acquired a new position in Five9 in the second quarter valued at approximately $214,000. Oppenheimer Asset Management Inc. acquired a new position in Five9 in the second quarter valued at approximately $214,000. Finally, Mirador Capital Partners LP acquired a new position in Five9 in the second quarter valued at approximately $234,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

FIVN has been the topic of several research reports. Bank of America boosted their price target on Five9 from $21.00 to $25.00 and gave the stock an “underperform” rating in a report on Tuesday, August 7th. BidaskClub cut Five9 from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Zacks Investment Research cut Five9 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 25th. Dougherty & Co initiated coverage on Five9 in a report on Tuesday, October 16th. They set a “hold” rating on the stock. Finally, Needham & Company LLC boosted their price target on Five9 from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.36.

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About Five9

Five9, Inc, together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. It 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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