Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein Sells 5,000 Shares

Posted by Thomas Dobrow on Mar 18th, 2023

Five9, Inc. (NASDAQ:FIVN – Get Rating) CFO Barry Zwarenstein sold 5,000 shares of Five9 stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $61.84, for a total value of $309,200.00. Following the completion of the transaction, the chief financial officer now owns 112,303 shares of the company’s stock, valued at approximately $6,944,817.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

On Monday, March 6th, Barry Zwarenstein sold 1,992 shares of Five9 stock. The stock was sold at an average price of $68.70, for a total value of $136,850.40.
On Tuesday, February 28th, Barry Zwarenstein sold 497 shares of Five9 stock. The stock was sold at an average price of $68.05, for a total value of $33,820.85.

Five9 Stock Down 2.3 %

Shares of FIVN stock traded down $1.44 on Friday, hitting $60.41. 1,107,488 shares of the stock were exchanged, compared to its average volume of 1,393,671. The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 2.38. The firm has a market capitalization of $4.30 billion, a P/E ratio of -44.75 and a beta of 0.72. The business has a 50-day moving average of $73.41 and a 200 day moving average of $70.40. Five9, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $121.17.

Institutional Trading of Five9

Institutional investors and hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC raised its holdings in Five9 by 6.1% during the second quarter. Voya Investment Management LLC now owns 180,505 shares of the software maker’s stock worth $16,452,000 after acquiring an additional 10,302 shares in the last quarter. Centiva Capital LP raised its holdings in Five9 by 12.2% during the third quarter. Centiva Capital LP now owns 2,804 shares of the software maker’s stock worth $210,000 after acquiring an additional 304 shares in the last quarter. Vista Equity Partners Management LLC raised its holdings in Five9 by 50.1% during the third quarter. Vista Equity Partners Management LLC now owns 364,256 shares of the software maker’s stock worth $27,312,000 after acquiring an additional 121,595 shares in the last quarter. Capital Fund Management S.A. raised its holdings in Five9 by 40.6% during the third quarter. Capital Fund Management S.A. now owns 110,838 shares of the software maker’s stock worth $8,311,000 after acquiring an additional 31,991 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Five9 by 15.3% during the third quarter. California Public Employees Retirement System now owns 138,697 shares of the software maker’s stock worth $10,400,000 after acquiring an additional 18,363 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. William Blair restated an “outperform” rating on shares of Five9 in a research report on Wednesday, February 22nd. Credit Suisse Group reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Five9 in a research note on Thursday, February 23rd. Wells Fargo & Company lifted their price objective on Five9 from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 23rd. StockNews.com assumed coverage on Five9 in a research note on Thursday. They set a “hold” rating for the company. Finally, Morgan Stanley lifted their price objective on Five9 from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 23rd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $84.67.

Five9 Company Profile

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Five9, Inc engages in the provision of cloud software for contact centers. It specializes in omnichannel routing, analytics, workforce organization and reporting. The company was founded in December 2001 and is headquartered in San Ramon, CA.