Barry Zwarenstein Sells 4,408 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 4,408 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $26.97, for a total transaction of $118,883.76. Following the completion of the transaction, the chief financial officer now directly owns 101,732 shares in the company, valued at $2,743,712.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, July 16th, Barry Zwarenstein sold 6,207 shares of Five9 stock. The shares were sold at an average price of $45.01, for a total transaction of $279,377.07.

Five9 Stock Performance

NASDAQ FIVN opened at $28.49 on Friday. The company’s 50 day simple moving average is $37.18 and its two-hundred day simple moving average is $47.88. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.15 and a quick ratio of 2.15. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $92.40. The stock has a market capitalization of $2.13 billion, a PE ratio of -33.52 and a beta of 0.86.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. Five9 had a negative return on equity of 6.59% and a negative net margin of 5.44%. The company had revenue of $252.09 million for the quarter, compared to the consensus estimate of $244.54 million. Analysts predict that Five9, Inc. will post -0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sylebra Capital LLC boosted its holdings 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 worth $132,908,000 after purchasing an additional 666,681 shares in the last quarter. Clearline Capital LP bought a new position in Five9 during the second quarter valued at approximately $1,606,000. Dark Forest Capital Management LP purchased a new position in shares of Five9 during the second quarter worth approximately $336,000. Armistice Capital LLC lifted its holdings in shares of Five9 by 56.7% in the 2nd quarter. Armistice Capital LLC now owns 722,582 shares of the software maker’s stock worth $31,866,000 after acquiring an additional 261,476 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Five9 in the 2nd quarter valued at $411,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FIVN shares. Bank of America raised Five9 from an “underperform” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Monday, August 5th. Baird R W lowered Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Barclays cut their price objective on shares of Five9 from $75.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Truist Financial reiterated a “buy” rating and issued a $65.00 target price on shares of Five9 in a report on Tuesday, August 27th. Finally, BTIG Research dropped their target price on shares of Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Five9 currently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States 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.