Five9 Inc. (FIVN) Director Jayendra Das Sells 500,000 Shares
Five9 Inc. (NASDAQ:FIVN) Director Jayendra Das sold 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $15.40, for a total value of $7,700,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Jayendra Das also recently made the following trade(s):
- On Tuesday, September 6th, Jayendra Das sold 167,920 shares of Five9 stock. The shares were sold at an average price of $15.58, for a total value of $2,616,193.60.
Five9 Inc. (NASDAQ:FIVN) opened at 15.83 on Thursday. The stock’s market capitalization is $838.48 million. The company’s 50-day moving average price is $14.50 and its 200 day moving average price is $13.29. Five9 Inc. has a 52-week low of $6.14 and a 52-week high of $16.40.
Several institutional investors have recently modified their holdings of the stock. EAM Investors LLC boosted its position in shares of Five9 by 0.6% in the second quarter. EAM Investors LLC now owns 716,979 shares of the company’s stock valued at $8,532,000 after buying an additional 4,118 shares during the period. California Public Employees Retirement System boosted its position in shares of Five9 by 3.3% in the second quarter. California Public Employees Retirement System now owns 15,500 shares of the company’s stock valued at $184,000 after buying an additional 500 shares during the period. Emerald Acquisition Ltd. purchased a new position in shares of Five9 during the second quarter valued at about $4,268,000. Swiss National Bank purchased a new position in shares of Five9 during the second quarter valued at about $628,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Five9 during the second quarter valued at about $115,000. Institutional investors own 89.72% of the company’s stock.
Several research firms have weighed in on FIVN. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Tuesday, October 4th. Bank of America Corp. reissued a “sell” rating and issued a $13.00 target price on shares of Five9 in a report on Wednesday, November 16th. Needham & Company LLC upped their target price on Five9 from $15.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 2nd. Finally, Barclays PLC upped their target price on Five9 from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Five9 has a consensus rating of “Buy” and a consensus target price of $15.13.
Five9 Company Profile
Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. It facilitates over three billion interactions between its 2,000 clients and clients’ customers per year.
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