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

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $27.00, for a total value of $18,900.00. Following the sale, the president now directly owns 232,709 shares in the company, valued at approximately $6,283,143. The trade was a 0.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, March 11th, Andy Dignan sold 700 shares of Five9 stock. The shares were sold at an average price of $30.20, for a total transaction of $21,140.00.
• On Tuesday, March 4th, Andy Dignan sold 2,840 shares of Five9 stock. The shares were sold at an average price of $33.23, for a total transaction of $94,373.20.

Five9 Stock Performance

NASDAQ FIVN traded down $2.22 on Thursday, reaching $25.24. 2,505,602 shares of the company’s stock traded hands, compared to its average volume of 1,566,961. Five9, Inc. has a fifty-two week low of $24.72 and a fifty-two week high of $63.30. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of -126.19, a P/E/G ratio of 9.41 and a beta of 1.29. The stock has a 50 day moving average price of $35.81 and a 200-day moving average price of $35.77.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). The company had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Equities research analysts predict that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Five9

Several hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC increased its holdings in shares of Five9 by 155.7% during the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares in the last quarter. Banque Transatlantique SA acquired a new stake in Five9 during the fourth quarter valued at $36,000. Johnson Financial Group Inc. purchased a new position in Five9 in the fourth quarter valued at $47,000. Steward Partners Investment Advisory LLC increased its holdings in 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 valued at $54,000 after buying an additional 1,315 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Five9 by 3,955.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,636 shares of the software maker’s stock worth $107,000 after acquiring an additional 2,571 shares during the period. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FIVN. Truist Financial reissued a “buy” rating and set a $65.00 target price on shares of Five9 in a research report on Tuesday, December 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $65.00 price objective on shares of Five9 in a report on Wednesday, March 19th. Barclays boosted their target price on Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Cantor Fitzgerald upped their target price on Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $52.00 price target on shares of Five9 in a research note on Monday, March 17th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Five9 presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.76.

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.