Insider Selling: Five9 Inc (NASDAQ:FIVN) EVP Sells 18,503 Shares of Stock

Five9 Inc (NASDAQ:FIVN) EVP Scott Welch sold 18,503 shares of Five9 stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $60.00, for a total value of $1,110,180.00. Following the transaction, the executive vice president now owns 80,605 shares in the company, valued at approximately $4,836,300. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Friday, June 7th, Scott Welch sold 6,531 shares of Five9 stock. The shares were sold at an average price of $50.00, for a total value of $326,550.00.
  • On Wednesday, June 5th, Scott Welch sold 12,815 shares of Five9 stock. The shares were sold at an average price of $47.39, for a total value of $607,302.85.
  • On Monday, May 20th, Scott Welch sold 1,411 shares of Five9 stock. The shares were sold at an average price of $49.42, for a total value of $69,731.62.

NASDAQ FIVN traded up $0.45 during trading on Friday, hitting $58.03. The stock had a trading volume of 1,202,655 shares, compared to its average volume of 856,355. The firm has a market cap of $3.44 billion, a P/E ratio of 386.87 and a beta of 0.57. The company has a 50-day moving average price of $51.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 6.12 and a quick ratio of 6.12. Five9 Inc has a 12 month low of $33.02 and a 12 month high of $61.42.

Five9 (NASDAQ:FIVN) last released its earnings results on Wednesday, July 31st. The software maker reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.07. The firm had revenue of $77.44 million for the quarter, compared to analysts’ expectations of $72.42 million. Five9 had a positive return on equity of 8.35% and a negative net margin of 0.56%. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. Sell-side analysts expect that Five9 Inc will post -0.03 EPS for the current year.

Several equities analysts have recently weighed in on FIVN shares. Canaccord Genuity lifted their price objective on Five9 from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday. Bank of America reiterated an “underperform” rating and set a $39.00 price objective (up previously from $33.00) on shares of Five9 in a report on Thursday, May 2nd. SunTrust Banks lifted their price objective on Five9 to $66.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp reiterated a “hold” rating on shares of Five9 in a report on Wednesday. Finally, Northland Securities restated a “buy” rating on shares of Five9 in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $55.31.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Granite Investment Partners LLC increased its position in shares of Five9 by 14.9% during the 1st quarter. Granite Investment Partners LLC now owns 774,838 shares of the software maker’s stock worth $40,935,000 after purchasing an additional 100,234 shares during the last quarter. Coronation Fund Managers Ltd. acquired a new position in shares of Five9 during the 1st quarter worth approximately $3,988,000. Nordea Investment Management AB increased its position in shares of Five9 by 1.9% during the 1st quarter. Nordea Investment Management AB now owns 115,930 shares of the software maker’s stock worth $6,125,000 after purchasing an additional 2,206 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Five9 by 33.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 90,982 shares of the software maker’s stock worth $3,978,000 after purchasing an additional 22,715 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware increased its position in shares of Five9 by 27.9% during the 1st quarter. Mckinley Capital Management LLC Delaware now owns 989 shares of the software maker’s stock worth $52,000 after purchasing an additional 216 shares during the last quarter.

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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