Scott Welch Sells 1,031 Shares of Five9 Inc (NASDAQ:FIVN) Stock

Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 1,031 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $53.11, for a total transaction of $54,756.41. Following the transaction, the executive vice president now directly owns 75,948 shares of the company’s stock, valued at approximately $4,033,598.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Thursday, April 18th, Scott Welch sold 1,412 shares of Five9 stock. The stock was sold at an average price of $49.07, for a total transaction of $69,286.84.
  • 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 transaction 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 transaction 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 transaction of $54,952.30.
  • On Tuesday, February 19th, Scott Welch sold 1,411 shares of Five9 stock. The stock was sold at an average price of $54.41, for a total transaction of $76,772.51.
  • On Wednesday, January 23rd, Scott Welch sold 1,032 shares of Five9 stock. The stock was sold at an average price of $46.17, for a total transaction 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 transaction of $67,281.80.

Shares of NASDAQ:FIVN traded down $0.28 on Friday, hitting $49.55. 460,437 shares of the company were exchanged, compared to its average volume of 723,453. Five9 Inc has a 1-year low of $26.92 and a 1-year high of $57.90. The company has a current ratio of 6.96, a quick ratio of 6.96 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $2.96 billion, a P/E ratio of 330.33 and a beta of 0.62.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Tuesday, February 19th. The software maker reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.10. Five9 had a negative net margin of 0.09% and a positive return on equity of 7.20%. The business had revenue of $72.34 million during the quarter, compared to the consensus estimate of $66.53 million. Equities analysts forecast that Five9 Inc will post -0.05 EPS for the current year.

Several equities analysts recently issued reports on FIVN shares. Zacks Investment Research raised shares of Five9 from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, January 1st. Stephens reissued a “hold” rating and set a $48.00 price objective on shares of Five9 in a report on Tuesday, February 19th. JPMorgan Chase & Co. raised their target price on shares of Five9 to $58.00 and gave the company a “neutral” rating in a research note on Wednesday, February 20th. They noted that the move was a valuation call. Barclays raised their target price on shares of Five9 to $57.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 20th. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of Five9 from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $52.38.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio lifted its position in Five9 by 52.9% during the first quarter. Strs Ohio now owns 5,200 shares of the software maker’s stock valued at $274,000 after purchasing an additional 1,800 shares during the period. Conestoga Capital Advisors LLC lifted its position in Five9 by 2.0% during the first quarter. Conestoga Capital Advisors LLC now owns 491,333 shares of the software maker’s stock valued at $25,957,000 after purchasing an additional 9,535 shares during the period. Kessler Investment Group LLC acquired a new position in Five9 during the first quarter valued at $260,000. Sciencast Management LP acquired a new position in Five9 during the first quarter valued at $233,000. Finally, Virtu Financial LLC acquired a new position in Five9 during the first quarter valued at $206,000.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://www.baseballdailydigest.com/news/2019/04/21/insider-selling-five9-inc-fivn-evp-sells-54756-41-in-stock.html.

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.

Read More: Total Return

Insider Buying and Selling by Quarter for Five9 (NASDAQ:FIVN)

Receive News & Ratings for Five9 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five9 and related companies with MarketBeat.com's FREE daily email newsletter.