Five9, Inc. (NASDAQ:FIVN – Get Free Report) President Andy Dignan sold 3,073 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $24.25, for a total value of $74,520.25. Following the sale, the president owned 275,687 shares of the company’s stock, valued at approximately $6,685,409.75. The trade was a 1.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Andy Dignan also recently made the following trade(s):
- On Thursday, June 4th, Andy Dignan sold 8,203 shares of Five9 stock. The shares were sold at an average price of $24.76, for a total value of $203,106.28.
Five9 Stock Down 1.6%
Shares of FIVN traded down $0.37 during trading hours on Monday, hitting $23.15. The stock had a trading volume of 1,900,328 shares, compared to its average volume of 2,859,324. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.51 and a quick ratio of 4.51. The firm has a 50 day simple moving average of $18.93 and a 200-day simple moving average of $18.63. The firm has a market capitalization of $1.77 billion, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 1.04 and a beta of 1.45. Five9, Inc. has a 1-year low of $13.29 and a 1-year high of $30.38.
Hedge Funds Weigh In On Five9
Several hedge funds and other institutional investors have recently modified their holdings of FIVN. EverSource Wealth Advisors LLC raised its stake in Five9 by 378.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,728 shares of the software maker’s stock worth $26,000 after buying an additional 1,367 shares in the last quarter. Quarry LP bought a new position in Five9 in the third quarter worth about $33,000. Optiver Holding B.V. raised its stake in Five9 by 575.9% in the first quarter. Optiver Holding B.V. now owns 2,325 shares of the software maker’s stock worth $35,000 after buying an additional 1,981 shares in the last quarter. Rothschild Investment LLC raised its stake in Five9 by 3,572.0% in the fourth quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker’s stock worth $37,000 after buying an additional 1,786 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in Five9 in the first quarter worth about $38,000. 96.64% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on FIVN shares. Rosenblatt Securities boosted their price target on shares of Five9 from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Mizuho reduced their price target on shares of Five9 from $35.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Piper Sandler restated a “neutral” rating and set a $24.00 price target (up from $21.00) on shares of Five9 in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Five9 from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 19th. Finally, Wall Street Zen upgraded shares of Five9 from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Five9 currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.93.
Check Out Our Latest Research Report on FIVN
About Five9
Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.
Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.
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