Scott Welch Sells 7,165 Shares of Five9 Inc (FIVN) Stock

Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 7,165 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $41.92, for a total value of $300,356.80. Following the transaction, the executive vice president now owns 69,796 shares of the company’s stock, valued at approximately $2,925,848.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, December 6th, Scott Welch sold 14,162 shares of Five9 stock. The shares were sold at an average price of $41.36, for a total value of $585,740.32.
  • On Friday, November 23rd, Scott Welch sold 1,032 shares of Five9 stock. The shares were sold at an average price of $37.74, for a total value of $38,947.68.
  • On Monday, November 19th, Scott Welch sold 1,412 shares of Five9 stock. The shares were sold at an average price of $39.82, for a total value of $56,225.84.
  • On Monday, November 5th, Scott Welch sold 1,750 shares of Five9 stock. The shares were sold at an average price of $37.99, for a total value of $66,482.50.
  • On Tuesday, October 23rd, Scott Welch sold 1,031 shares of Five9 stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $46.32, for a total value of $65,403.84.

FIVN traded down $1.10 during trading on Friday, reaching $40.22. The stock had a trading volume of 594,119 shares, compared to its average volume of 473,681. The company has a current ratio of 6.95, a quick ratio of 6.95 and a debt-to-equity ratio of 1.56. The company has a market cap of $2.43 billion, a price-to-earnings ratio of -236.59, a price-to-earnings-growth ratio of 106.63 and a beta of 0.60. Five9 Inc has a one year low of $22.55 and a one year high of $49.50.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Tuesday, November 6th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. The business had revenue of $65.30 million during the quarter, compared to the consensus estimate of $61.70 million. Five9 had a positive return on equity of 0.88% and a negative net margin of 1.90%. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 earnings per share. On average, analysts predict that Five9 Inc will post 0.04 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of FIVN. Vanguard Group Inc. raised its holdings in Five9 by 19.3% in the third quarter. Vanguard Group Inc. now owns 6,338,262 shares of the software maker’s stock worth $276,920,000 after purchasing an additional 1,026,191 shares in the last quarter. Sylebra HK Co Ltd increased its holdings in shares of Five9 by 107.9% during the third quarter. Sylebra HK Co Ltd now owns 1,465,587 shares of the software maker’s stock valued at $64,031,000 after acquiring an additional 760,804 shares in the last quarter. Wasatch Advisors Inc. increased its holdings in shares of Five9 by 510.9% during the third quarter. Wasatch Advisors Inc. now owns 892,479 shares of the software maker’s stock valued at $38,992,000 after acquiring an additional 746,394 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Five9 by 11.1% during the second quarter. BlackRock Inc. now owns 4,072,663 shares of the software maker’s stock valued at $140,794,000 after acquiring an additional 406,173 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Five9 during the third quarter valued at $16,768,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

FIVN has been the subject of a number of recent analyst reports. Dougherty & Co initiated coverage on Five9 in a report on Tuesday, October 16th. They set a “hold” rating for the company. BidaskClub upgraded Five9 from a “hold” rating to a “buy” rating in a report on Wednesday, November 28th. Bank of America upped their target price on Five9 from $25.00 to $28.00 and gave the company an “underperform” rating in a report on Wednesday, November 7th. Zacks Investment Research downgraded Five9 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, Roth Capital upped their target price on Five9 from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $40.92.

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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. 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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