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

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $29.23, for a total value of $20,461.00. Following the sale, the president now directly owns 227,139 shares of the company’s stock, valued at approximately $6,639,272.97. This represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value 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 value of $18,900.00.
• 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.

Five9 Stock Performance

Five9 stock opened at $29.15 on Friday. Five9, Inc. has a fifty-two week low of $21.04 and a fifty-two week high of $49.90. The company has a market capitalization of $2.22 billion, a PE ratio of -145.74, a P/E/G ratio of 9.41 and a beta of 1.20. The company has a 50 day moving average price of $25.42 and a 200-day moving average price of $33.82. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.85 and a current ratio of 1.85.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.14. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. The business had revenue of $279.71 million for the quarter, compared to analyst estimates of $272.26 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. As a group, equities analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Five9 in a research report on Wednesday, April 2nd. Royal Bank of Canada upped their price objective on Five9 from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Rosenblatt Securities reissued a “buy” rating and set a $36.00 price objective on shares of Five9 in a research report on Tuesday, May 13th. Wells Fargo & Company decreased their price target on Five9 from $45.00 to $23.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group cut their target price on shares of Five9 from $45.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, April 28th. Seven research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $43.15.

Institutional Investors Weigh In On Five9

Several institutional investors have recently bought and sold shares of FIVN. Barclays PLC lifted its holdings in Five9 by 215.8% in the third quarter. Barclays PLC now owns 242,187 shares of the software maker’s stock valued at $6,956,000 after acquiring an additional 165,487 shares during the last quarter. KBC Group NV grew its holdings in shares of Five9 by 49.2% during the fourth quarter. KBC Group NV now owns 3,373 shares of the software maker’s stock worth $137,000 after purchasing an additional 1,113 shares during the last quarter. Choreo LLC purchased a new stake in shares of Five9 in the fourth quarter valued at about $408,000. WCM Investment Management LLC increased its stake in shares of Five9 by 35.9% during the fourth quarter. WCM Investment Management LLC now owns 522,611 shares of the software maker’s stock worth $21,281,000 after acquiring an additional 138,019 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in Five9 in the fourth quarter valued at $268,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

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.