Thursday, February 22, 2018 10:15 PM ET
Insider Selling at Five9 Inc (FIVN) Continues with Significant Sale
A notable insider sale of the shares of Five9 Inc was disclosed in a form 4 document filed with the SEC today, showing — Jack L Acosta, Director — sold 150,000 shares in the company having a market value of approximately $4,043,448. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 64,690 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 214,690 shares and have averaged 35,782 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Five9 Inc is greater than the 33-company peer group average. Application Software peer group saw 91 buy/sell trades during this period for an average of 2.8 transactions per company. The number of shares per buy/sell trade for Five9 Inc insiders was also higher. Within the peer group there were 1,125 shares purchased and 1,984,326 shares sold with company insiders having sold 21,793 shares on average.
The data used in composing and writing in this story eliminates 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.
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