Andy Dignan Sells 4,845 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN - Get Free Report) President Andy Dignan sold 4,845 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.18, for a total value of $136,532.10. Following the completion of the sale, the president now directly owns 227,839 shares of the company's stock, valued at approximately $6,420,503.02. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, June 5th, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $29.23, for a total value of $20,461.00.
• 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 stock was sold at an average price of $30.20, for a total value of $21,140.00.

Five9 Stock Performance

Shares of NASDAQ FIVN traded up $0.41 during mid-day trading on Monday, hitting $29.56. The company had a trading volume of 1,849,885 shares, compared to its average volume of 1,695,499. The firm has a market cap of $2.25 billion, a P/E ratio of -147.79, a PEG ratio of 9.41 and a beta of 1.20. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. Five9, Inc. has a 12 month low of $21.04 and a 12 month high of $49.90. The business's 50-day simple moving average is $25.42 and its 200-day simple moving average is $33.76.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.14. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The company had revenue of $279.71 million during the quarter, compared to analyst estimates of $272.26 million. During the same quarter last year, the business posted $0.48 earnings per share. The company's revenue was up 13.2% on a year-over-year basis. As a group, analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five9

A number of hedge funds and other institutional investors have recently made changes to their positions in FIVN. Lindbrook Capital LLC boosted its position in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after purchasing an additional 520 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of Five9 during the fourth quarter worth $36,000. Johnson Financial Group Inc. bought a new position in shares of Five9 during the fourth quarter worth $47,000. Steward Partners Investment Advisory LLC boosted its position in shares of Five9 by 7,305.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock worth $54,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in Five9 by 419.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker's stock valued at $61,000 after acquiring an additional 1,811 shares in the last quarter. 96.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FIVN has been the topic of several research reports. Jefferies Financial Group dropped their price target on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Needham & Company LLC cut their target price on shares of Five9 from $52.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Cantor Fitzgerald reissued an "overweight" rating on shares of Five9 in a research note on Wednesday, April 2nd. Wells Fargo & Company cut their target price on shares of Five9 from $45.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Rosenblatt Securities reissued a "buy" rating and set a $36.00 target price on shares of Five9 in a research note on Tuesday, May 13th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.15.

Five9 Company Profile

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.