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Panos Kozanian, Executive Vice President of Product Engineering at Five9, Inc. (NASDAQ:FIVN), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Kozanian sold a total of 7,619 shares of Five9 common stock on March 4, 2025. The sales, which were executed under a pre-established Rule 10b5-1 trading plan, amounted to a total of $254,448. The transaction comes as Five9, with a market capitalization of $2.61 billion, has seen its stock decline by 12% over the past week. InvestingPro analysis suggests the stock is currently in oversold territory.
The transactions were completed at a weighted average price range between $32.94 and $33.67 per share. The sales were reportedly made to cover taxes upon the vesting of restricted stock units. Following these transactions, Kozanian retains ownership of 126,359 shares in the company. While the stock trades significantly below its 52-week high of $63.79, InvestingPro data shows Five9 maintains strong liquidity with assets exceeding short-term obligations. Get access to 10+ additional exclusive ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, Five9, Inc. reported its fourth-quarter 2024 earnings, exceeding analyst expectations with an earnings per share (EPS) of $0.79, compared to the forecasted $0.70. The company’s revenue reached $278.7 million, surpassing the expected $267.67 million, marking a 17% year-over-year increase driven by a 19% rise in subscription revenue. Analysts from Rosenblatt and Cantor Fitzgerald have responded positively to Five9’s performance, with Rosenblatt raising its price target to $58 and Cantor Fitzgerald increasing it to $57, both maintaining favorable ratings. The company’s emphasis on artificial intelligence (AI) continues to pay off, contributing to a 46% year-over-year growth in AI revenue and making up 9% of enterprise subscription revenue. Five9’s strategic partnerships and AI product developments are expected to sustain this momentum into 2025. In corporate developments, CFO Barry Zwarenstein announced his retirement, with Bryan Lee stepping in as interim CFO. Five9’s robust performance and strategic focus on AI have positioned it well for continued growth, as reflected in the positive outlook and analyst confidence.
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