Yesterday, the CFO of Five9 (NASDAQ: FIVN), Barry Zwarenstein, sold shares of FIVN for $304K.
Following Barry Zwarenstein’s last FIVN Sell transaction on August 01, 2018, the stock climbed by 14.3%. This is Zwarenstein’s first Sell trade following 3 Buy transactions.
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Based on Five9’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $61.12 million and GAAP net loss of $2.04 million. In comparison, last year the company earned revenue of $47.73 million and had a GAAP net loss of $4.01 million. The Company has a Price to Book ratio of 23.0164. Currently, Five9 has an average volume of 886K.
Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $43.50, reflecting a -7.8% downside.
The insider sentiment on Five9 has been negative according to 110 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Barry Zwarenstein’s trades have generated a 22.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Five9, Inc. engages in the provision of cloud software for contact centers. It operates through United States and International geographical segments. The company was founded in December 2001 and is headquartered in San Ramon, CA.
