Five9, Inc. (NASDAQ:FIVN) President Sells $20,461.00 in Stock

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $29.23, for a total transaction of $20,461.00. Following the completion of the transaction, the president now owns 227,139 shares in the company, valued at approximately $6,639,272.97. This represents a 0.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, June 4th, Andy Dignan sold 4,845 shares of Five9 stock. The stock was sold at an average price of $28.18, for a total transaction of $136,532.10.
• 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 transaction 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 transaction of $21,140.00.

Five9 Stock Up 2.1%

Shares of FIVN stock opened at $29.15 on Monday. Five9, Inc. has a 12 month low of $21.04 and a 12 month high of $49.90. The stock has a market cap of $2.22 billion, a P/E ratio of -145.74, a P/E/G ratio of 9.41 and a beta of 1.20. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.32. The company has a 50 day simple moving average of $25.42 and a two-hundred day simple moving average of $33.79.

Five9 (NASDAQ:FIVN) last announced its earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.14. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The business had revenue of $279.71 million during the quarter, compared to analysts’ expectations of $272.26 million. During the same period in the prior year, the company earned $0.48 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. On average, research analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FIVN. Mizuho dropped their target price on shares of Five9 from $55.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Rosenblatt Securities restated a “buy” rating and set a $36.00 price objective on shares of Five9 in a research report on Tuesday, May 13th. Evercore ISI lowered their price objective on shares of Five9 from $55.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group lowered their price objective on shares of Five9 from $45.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. Finally, Piper Sandler increased their price objective on shares of Five9 from $46.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Five9 has an average rating of “Moderate Buy” and an average price target of $43.15.

Institutional Trading of Five9

Hedge funds and other institutional investors have recently modified their holdings of the company. Lindbrook Capital LLC increased its stake in shares of Five9 by 155.7% in the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock worth $35,000 after purchasing an additional 520 shares in the last quarter. Banque Transatlantique SA purchased a new stake in shares of Five9 in the fourth quarter worth $36,000. Johnson Financial Group Inc. purchased a new stake in shares of Five9 in the fourth quarter worth $47,000. Steward Partners Investment Advisory LLC increased its stake in shares of Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of 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 worth $61,000 after purchasing an additional 1,811 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.