Five9, Inc. (NASDAQ:FIVN – Get Free Report) President Andy Dignan sold 700 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $23.97, for a total value of $16,779.00. Following the transaction, the president directly owned 216,725 shares of the company’s stock, valued at approximately $5,194,898.25. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Andy Dignan also recently made the following trade(s):
- 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.
- On Friday, August 1st, Andy Dignan sold 700 shares of Five9 stock. The shares were sold at an average price of $26.16, for a total value of $18,312.00.
Five9 Stock Performance
Shares of FIVN stock opened at $22.80 on Friday. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 253.36, a price-to-earnings-growth ratio of 2.15 and a beta of 1.19. The stock has a 50 day simple moving average of $25.88 and a 200-day simple moving average of $26.31. Five9, Inc. has a 12-month low of $21.04 and a 12-month high of $49.90. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 1.04.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on FIVN shares. DA Davidson reissued a “neutral” rating and set a $28.00 target price on shares of Five9 in a research note on Friday, September 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Five9 in a research note on Saturday, September 27th. Wall Street Zen upgraded Five9 from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Rosenblatt Securities restated a “buy” rating and issued a $36.00 price target on shares of Five9 in a report on Friday, August 1st. Finally, Piper Sandler lowered their price target on Five9 from $36.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, July 14th. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.88.
Read Our Latest Stock Report on FIVN
Institutional Trading of Five9
Institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new position in shares of Five9 in the 2nd quarter worth $32,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings 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 purchasing an additional 1,811 shares during the last quarter. Quarry LP purchased a new position in shares of Five9 during the 1st quarter valued at approximately $74,000. Northwestern Mutual Wealth Management Co. grew its holdings in Five9 by 11,392.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,218 shares of the software maker’s stock worth $87,000 after acquiring an additional 3,190 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new position in Five9 in the first quarter worth about $127,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.
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.
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