Five9, Inc. (FIVN) Files Form 4 Insider Selling : Barry Zwarenstein Sells 8,000 Shares

Five9, Inc. (FIVN): Barry Zwarenstein , Chief Financial Officer of Five9, Inc. sold 8,000 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $11.82 per share for a total value of $94,560.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2016, Michael Burkland (CEO, President and Chairman) sold 16,000 shares at $11.85 per share price.On Jun 17, 2016, Scott Welch (EVP, Cloud Operations) sold 27,936 shares at $11.91 per share price.Also, On Jun 17, 2016, Barry Zwarenstein (Chief Financial Officer) sold 8,000 shares at $12.06 per share price.On Jun 8, 2016, Michael J. Crane (EVP, Services) sold 2,362 shares at $11.65 per share price.

Shares of Five9 Inc (FIVN) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -0.76% at $11.78 with 4,09,535 shares getting traded. Post opening the session at $11.76, the shares hit an intraday low of $11.46 and an intraday high of $11.86 and the price vacillated in this range throughout the day. The company has a market cap of $611 M and the number of outstanding shares has been calculated to be 5,18,28,482 shares. The 52-week high of Five9 Inc is $12.96 and the 52-week low is $3.48.

Five9 Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Five9 Inc is Initiated by Craig Hallum to Buy. The Rating was issued on Jun 9, 2016.Five9 Inc is Resumed by Needham to Buy and the brokerage firm has set the Price Target at $11. The Rating was issued on May 16, 2016.

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. The Company facilitates over three billion interactions between its 2000 clients and clients’ customers per year. The Company’s solution which consists of its VCC cloud platform and applications allows simultaneous management and optimization of customer interactions across voice chat email Web social media and mobile channels either directly or through its application programming interface. The Company’s VCC cloud platform matches each customer interaction with an appropriate agent resource and delivers relevant customer data to the agent in real-time through integrations with adjacent enterprise applications such as customer relationship management (CRM) software.

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