Five9 (NASDAQ:FIVN) President Andy Dignan Sells 700 Shares

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $24.35, for a total value of $17,045.00. Following the completion of the transaction, the president owned 216,025 shares of the company’s stock, valued at $5,260,208.75. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, October 1st, Andy Dignan sold 700 shares of Five9 stock. The shares were sold at an average price of $23.97, for a total value of $16,779.00.
• On Friday, September 5th, Andy Dignan sold 700 shares of Five9 stock. The shares were sold at an average price of $26.48, for a total value of $18,536.00.
• On Thursday, September 4th, Andy Dignan sold 7,614 shares of Five9 stock. The shares were sold at an average price of $25.48, for a total value of $194,004.72.

Five9 Trading Down 5.4%

Shares of FIVN stock opened at $23.01 on Wednesday. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 255.70, a PEG ratio of 2.20 and a beta of 1.19. The stock has a 50-day moving average of $24.44 and a 200-day moving average of $25.87. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04. Five9, Inc. has a 1-year low of $20.48 and a 1-year high of $49.90.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. The company had revenue of $283.27 million during the quarter. Five9 had a return on equity of 8.91% and a net margin of 0.80%. On average, equities research analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

Institutional Investors Weigh In On Five9

Large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC acquired a new stake in Five9 during the second quarter worth approximately $32,000. Global Retirement Partners LLC grew its stake in Five9 by 81.7% during the third quarter. Global Retirement Partners LLC now owns 1,228 shares of the software maker’s stock worth $30,000 after purchasing an additional 552 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Five9 during the third quarter worth approximately $45,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in Five9 by 419.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker’s stock valued at $61,000 after acquiring an additional 1,811 shares during the period. Finally, Quarry LP acquired a new stake in Five9 in the first quarter valued at approximately $74,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Zacks Research raised Five9 from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Rosenblatt Securities reissued a “buy” rating and set a $36.00 target price on shares of Five9 in a research note on Friday, August 1st. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 target price on shares of Five9 in a research note on Friday, August 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Five9 in a research note on Wednesday, October 8th. Finally, Morgan Stanley set a $30.00 target price on shares of Five9 in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Five9 Company Profile

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.