Five9, Inc. (NASDAQ:FIVN) CFO Sells $139,611.60 in Stock

Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 3,336 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $139,611.60. Following the completion of the sale, the chief financial officer now owns 98,396 shares of the company’s stock, valued at approximately $4,117,872.60. This represents a 3.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, September 10th, Barry Zwarenstein sold 4,408 shares of Five9 stock. The stock was sold at an average price of $26.97, for a total value of $118,883.76.

Five9 Trading Up 1.7 %

Shares of Five9 stock traded up $0.71 during trading hours on Friday, hitting $42.48. The company’s stock had a trading volume of 945,420 shares, compared to its average volume of 1,519,590. Five9, Inc. has a twelve month low of $26.60 and a twelve month high of $85.00. The firm has a fifty day moving average of $33.84 and a 200-day moving average of $37.25. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of -84.96, a P/E/G ratio of 25.02 and a beta of 0.92. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

Hedge Funds Weigh In On Five9

Several large investors have recently modified their holdings of FIVN. Sylebra Capital LLC lifted its stake in shares of Five9 by 28.4% in the 2nd quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after purchasing an additional 666,681 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Five9 by 347.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 753,127 shares of the software maker’s stock worth $33,213,000 after acquiring an additional 584,800 shares in the last quarter. Potrero Capital Research LLC acquired a new position in Five9 during the 3rd quarter worth about $15,610,000. Van Berkom & Associates Inc. lifted its stake in Five9 by 52.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after acquiring an additional 446,151 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Five9 by 38.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,457,086 shares of the software maker’s stock worth $64,257,000 after acquiring an additional 406,188 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FIVN. StockNews.com upgraded Five9 from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and set a $48.00 price target on shares of Five9 in a research note on Friday, November 8th. Baird R W lowered Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. BTIG Research decreased their target price on Five9 from $100.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Robert W. Baird boosted their price target on Five9 from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.22.

About Five9

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