Five9, Inc. (FIVN) Files Form 4 Insider Selling : Michael Burkland Sells 16,000 Shares

Five9, Inc. (FIVN): Michael Burkland , CEO, President and Chairman of Five9, Inc. sold 16,000 shares on Jul 15, 2016. The Insider selling transaction was reported by the company on Jul 19, 2016 to the Securities and Exchange Commission. The shares were sold at $12.12 per share for a total value of $193,920.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 6, 2016, Barry Zwarenstein (Chief Financial Officer) sold 8,000 shares at $11.82 per share price.On Jun 17, 2016, Michael Burkland (CEO, President and Chairman) sold 16,000 shares at $11.85 per share price.Also, On Jun 17, 2016, Scott Welch (EVP, Cloud Operations) sold 27,936 shares at $11.91 per share price.On Jun 8, 2016, Michael J. Crane (EVP, Services) sold 2,362 shares at $11.65 per share price.

Five9 Inc: On Monday, Jul 18, 2016 heightened volatility was witnessed in Five9 Inc which led to swings in the share price. The shares opened for trading at $12.04 and hit $12.17 on the upside , eventually ending the session at $12.12, with a gain of 0.17% or 0.02 points. The heightened volatility saw the trading volume jump to 1,68,039 shares. The 52-week high of the share price is $12.96 and the company has a market cap of $628 M . The 52-week low of the share price is at $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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