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Insider Sales at Five9 Inc (FIVN) are Significant and Extend the Selling Trend of Last Quarter

05/07/2021 18:29

10:20 PM EDT, 05/07/2021 (MT Newswires) -- There was a substantial level of insider selling revealed today in filings with the SEC for Five9 Inc. Two insiders -- Michael J Burdiek, Director, and Rowan M Trollope, Director and Officer -- disposed of 7,000 shares in the company for approximately $1,213,353. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 43,860 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 50,860 shares and have averaged 8,477 shares per transaction over this time period.

Today's Insider Activity

Over the last 90 days, the number of insider buy/sell trades at Five9 Inc is higher than its 37-company peer group average. The Application Software peer group saw 88 buy/sell trades during this period for an average of 2.4 transactions per company. However, the number of shares traded per transaction by Five9 Inc insiders is lower than its peers. Within the peer group there were 200,000 shares purchased and 929,269 shares sold with company insiders having sold 8,287 shares on average over this time period.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data obtained in creating and writing this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.