Five9, Inc. (NASDAQ:FIVN – Get Free Report) President Andy Dignan sold 17,767 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $35.03, for a total transaction of $622,378.01. Following the sale, the president owned 257,920 shares in the company, valued at approximately $9,034,937.60. This trade represents a 6.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andy Dignan also recently made the following trade(s):
- On Friday, June 5th, Andy Dignan sold 3,073 shares of Five9 stock. The shares were sold at an average price of $24.25, for a total value of $74,520.25.
- 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 Up 1.5%
Shares of Five9 stock opened at $34.10 on Friday. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.94. The business’s 50 day simple moving average is $28.37 and its 200-day simple moving average is $21.99. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 49.42 and a beta of 1.48. Five9, Inc. has a twelve month low of $13.29 and a twelve month high of $35.18.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings 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 purchasing an additional 1,367 shares during the period. Quarry LP acquired a new position in Five9 during the 3rd quarter valued at about $33,000. Optiver Holding B.V. increased its stake in Five9 by 575.9% during the 1st quarter. Optiver Holding B.V. now owns 2,325 shares of the software maker’s stock valued at $35,000 after buying an additional 1,981 shares during the period. Rothschild Investment LLC increased its stake in Five9 by 3,572.0% during the 4th quarter. Rothschild Investment LLC now owns 1,836 shares of the software maker’s stock valued at $37,000 after buying an additional 1,786 shares during the period. Finally, NewEdge Advisors LLC bought a new stake in shares of Five9 during the 1st quarter worth about $38,000. 96.64% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Five9 from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Piper Sandler boosted their target price on shares of Five9 from $24.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. UBS Group restated a “positive” rating on shares of Five9 in a research report on Monday. Rosenblatt Securities upped their target price on shares of Five9 from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Robert W. Baird raised their price target on shares of Five9 from $22.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.14.
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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