Barry Zwarenstein Sells 3,336 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) CFO Barry Zwarenstein sold 3,336 shares of Five9 stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $139,611.60. Following the completion of the transaction, the chief financial officer now directly owns 98,396 shares of the company’s stock, valued at approximately $4,117,872.60. This represents a 3.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, September 10th, Barry Zwarenstein sold 4,408 shares of Five9 stock. The stock was sold at an average price of $26.97, for a total transaction of $118,883.76.

Five9 Stock Up 1.7 %

Shares of NASDAQ:FIVN opened at $42.48 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The business’s 50-day moving average is $34.11 and its 200 day moving average is $37.17. Five9, Inc. has a 1 year low of $26.60 and a 1 year high of $85.00.

Analyst Upgrades and Downgrades

A number of analysts have commented on FIVN shares. Needham & Company LLC reissued a “buy” rating and issued a $48.00 target price on shares of Five9 in a report on Friday, November 8th. Barclays cut their price target on Five9 from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Northland Securities reduced their price target on shares of Five9 from $95.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Truist Financial reaffirmed a “buy” rating and set a $65.00 target price on shares of Five9 in a report on Tuesday, August 27th. Finally, BTIG Research dropped their price target on shares of Five9 from $100.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Five9 has an average rating of “Moderate Buy” and an average target price of $59.22.

Hedge Funds Weigh In On Five9

Several hedge funds have recently made changes to their positions in FIVN. FMR LLC lifted its position in Five9 by 2.4% during the 3rd quarter. FMR LLC now owns 11,159,760 shares of the software maker’s stock worth $320,620,000 after acquiring an additional 259,820 shares during the period. Sylebra Capital LLC boosted its position in Five9 by 28.4% in the second quarter. Sylebra Capital LLC now owns 3,013,789 shares of the software maker’s stock valued at $132,908,000 after buying an additional 666,681 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Five9 by 14.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,667,922 shares of the software maker’s stock worth $47,919,000 after buying an additional 210,836 shares during the period. Van Berkom & Associates Inc. raised its position in Five9 by 52.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,299,483 shares of the software maker’s stock worth $57,307,000 after buying an additional 446,151 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Five9 by 14.9% during the 3rd quarter. Fisher Asset Management LLC now owns 761,966 shares of the software maker’s stock valued at $21,891,000 after acquiring an additional 98,543 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

Five9 Company Profile

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