Five9, Inc. (NASDAQ:FIVN) President Andy Dignan Sells 4,845 Shares of Stock

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 4,845 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.18, for a total value of $136,532.10. Following the transaction, the president now directly owns 227,839 shares in the company, valued at $6,420,503.02. This trade represents a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Andy Dignan also recently made the following trade(s):

• On Thursday, June 5th, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $29.23, for a total value of $20,461.00.
• On Tuesday, April 1st, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $27.00, for a total value of $18,900.00.
• On Tuesday, March 11th, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $30.20, for a total value of $21,140.00.

Five9 Stock Performance

NASDAQ:FIVN opened at $29.15 on Friday. The stock has a fifty day moving average price of $25.38 and a 200-day moving average price of $33.88. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -145.74, a PEG ratio of 9.41 and a beta of 1.20. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. Five9, Inc. has a fifty-two week low of $21.04 and a fifty-two week high of $49.90.

Five9 (NASDAQ:FIVN) last released its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. The firm had revenue of $279.71 million during the quarter, compared to the consensus estimate of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. As a group, equities analysts anticipate that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Trading of Five9

A number of institutional investors have recently modified their holdings of FIVN. Barclays PLC lifted its position in shares of Five9 by 215.8% during the 3rd quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock valued at $6,956,000 after acquiring an additional 165,487 shares during the period. KBC Group NV lifted its position in shares of Five9 by 49.2% during the 4th quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock valued at $137,000 after acquiring an additional 1,113 shares during the period. Choreo LLC bought a new stake in shares of Five9 during the 4th quarter valued at $408,000. WCM Investment Management LLC lifted its position in shares of Five9 by 35.9% during the 4th quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker’s stock valued at $21,281,000 after acquiring an additional 138,019 shares during the period. Finally, Principal Financial Group Inc. bought a new stake in shares of Five9 during the 4th quarter worth $268,000. 96.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FIVN. Wells Fargo & Company decreased their target price on Five9 from $45.00 to $23.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Piper Sandler boosted their target price on Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Jefferies Financial Group decreased their target price on Five9 from $45.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, April 28th. KeyCorp began coverage on Five9 in a report on Friday. They set an “overweight” rating and a $35.00 target price on the stock. Finally, William Blair reissued an “outperform” rating on shares of Five9 in a report on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Five9 has an average rating of “Moderate Buy” and an average price target of $43.15.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.