Scott Welch Sells 1,411 Shares of Five9 Inc (FIVN) Stock

Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 1,411 shares of Five9 stock in a transaction on Monday, May 20th. The shares were sold at an average price of $49.42, for a total transaction of $69,731.62. Following the completion of the sale, the executive vice president now directly owns 76,328 shares of the company’s stock, valued at approximately $3,772,129.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Tuesday, April 23rd, Scott Welch sold 1,032 shares of Five9 stock. The shares were sold at an average price of $51.16, for a total transaction of $52,797.12.
  • On Thursday, April 18th, Scott Welch sold 1,412 shares of Five9 stock. The shares were sold at an average price of $49.07, for a total transaction of $69,286.84.
  • On Monday, March 25th, Scott Welch sold 1,031 shares of Five9 stock. The shares were sold at an average price of $53.11, for a total transaction of $54,756.41.
  • On Monday, March 18th, Scott Welch sold 1,411 shares of Five9 stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $54.41, for a total transaction of $76,772.51.

Five9 stock opened at $50.87 on Wednesday. Five9 Inc has a fifty-two week low of $31.64 and a fifty-two week high of $57.90. The company has a debt-to-equity ratio of 1.37, a current ratio of 6.12 and a quick ratio of 6.12. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 339.13 and a beta of 0.59.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.05. Five9 had a negative net margin of 0.56% and a positive return on equity of 8.35%. The company had revenue of $74.54 million for the quarter, compared to the consensus estimate of $70.81 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The business’s revenue was up 26.5% compared to the same quarter last year. Equities analysts forecast that Five9 Inc will post -0.03 earnings per share for the current fiscal year.

FIVN has been the subject of several analyst reports. Needham & Company LLC lifted their price objective on shares of Five9 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Bank of America reaffirmed an “underperform” rating and issued a $33.00 price objective (up previously from $28.00) on shares of Five9 in a research note on Wednesday, February 20th. KeyCorp reissued a “hold” rating on shares of Five9 in a research report on Tuesday, February 19th. Canaccord Genuity boosted their target price on shares of Five9 from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. They noted that the move was a valuation call. Finally, Craig Hallum cut their target price on shares of Five9 from $64.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Five9 presently has an average rating of “Buy” and an average price target of $53.54.

Several large investors have recently bought and sold shares of FIVN. Flinton Capital Management LLC bought a new position in shares of Five9 during the 4th quarter worth about $30,000. Winslow Evans & Crocker Inc. bought a new position in shares of Five9 during the 1st quarter worth about $30,000. Pearl River Capital LLC bought a new position in shares of Five9 during the 1st quarter worth about $32,000. Mckinley Capital Management LLC Delaware bought a new position in shares of Five9 during the 4th quarter worth about $34,000. Finally, Private Capital Group LLC increased its holdings in shares of Five9 by 263.4% during the 4th quarter. Private Capital Group LLC now owns 1,061 shares of the software maker’s stock worth $46,000 after purchasing an additional 769 shares during the period. Institutional investors own 99.57% of the company’s stock.

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About Five9

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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