Five9, Inc. (NASDAQ:FIVN – Get Free Report) President Andy Dignan sold 8,203 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $24.76, for a total value of $203,106.28. Following the transaction, the president directly owned 278,760 shares of the company’s stock, valued at $6,902,097.60. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 Friday, June 5th, Andy Dignan sold 3,073 shares of Five9 stock. The stock was sold at an average price of $24.25, for a total value of $74,520.25.
Five9 Stock Down 1.5%
FIVN stock opened at $21.35 on Thursday. 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 stock has a market capitalization of $1.63 billion, a P/E ratio of 32.35, a P/E/G ratio of 0.96 and a beta of 1.45. The business has a 50-day moving average of $19.37 and a 200-day moving average of $18.71. Five9, Inc. has a fifty-two week low of $13.29 and a fifty-two week high of $29.71.
Analyst Ratings Changes
Several analysts recently issued reports on FIVN shares. Zacks Research lowered Five9 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Truist Financial dropped their target price on Five9 from $40.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Canaccord Genuity Group dropped their target price on Five9 from $40.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Barclays upped their target price on Five9 from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Mizuho dropped their target price on Five9 from $35.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Five9 has a consensus rating of “Moderate Buy” and a consensus price target of $25.93.
Check Out Our Latest Analysis on FIVN
Hedge Funds Weigh In On Five9
A number of large investors have recently made changes to their positions in FIVN. Amundi increased its stake in shares of Five9 by 8.3% during the first quarter. Amundi now owns 40,291 shares of the software maker’s stock worth $1,017,000 after purchasing an additional 3,079 shares during the period. Guggenheim Capital LLC increased its stake in shares of Five9 by 95.7% during the second quarter. Guggenheim Capital LLC now owns 27,826 shares of the software maker’s stock worth $737,000 after purchasing an additional 13,606 shares during the period. California Public Employees Retirement System increased its stake in shares of Five9 by 39.4% during the second quarter. California Public Employees Retirement System now owns 121,700 shares of the software maker’s stock worth $3,223,000 after purchasing an additional 34,375 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Five9 by 52.7% during the second quarter. Qube Research & Technologies Ltd now owns 31,182 shares of the software maker’s stock worth $826,000 after purchasing an additional 10,755 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Five9 by 147.2% during the second quarter. The Manufacturers Life Insurance Company now owns 40,137 shares of the software maker’s stock worth $1,063,000 after purchasing an additional 23,901 shares during the period. Institutional investors own 96.64% of the company’s stock.
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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