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 on Wednesday, June 4th. The stock was sold at an average price of $28.18, for a total transaction of $136,532.10. Following the completion of the transaction, the president now owns 227,839 shares in the company, valued at $6,420,503.02. This represents a 2.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 shares were 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 $0.60 during trading on Friday, hitting $29.15. 2,017,677 shares of the company traded hands, compared to its average volume of 1,694,705. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The business's fifty day moving average is $25.38 and its 200-day moving average is $33.88. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -145.74, a PEG ratio of 9.41 and a beta of 1.23. Five9, Inc. has a one year low of $21.04 and a one year high of $49.90.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FIVN shares. Barclays cut their target price on Five9 from $60.00 to $33.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Jefferies Financial Group cut their price target on shares of Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Cantor Fitzgerald reissued an "overweight" rating on shares of Five9 in a report on Wednesday, April 2nd. Royal Bank of Canada boosted their target price on shares of Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 price target on shares of Five9 in a research report on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.15.

Hedge Funds Weigh In On Five9

Several institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in Five9 by 10.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker's stock valued at $156,000 after purchasing an additional 365 shares during the period. Xponance Inc. boosted its position in shares of Five9 by 4.4% during the first quarter. Xponance Inc. now owns 9,835 shares of the software maker's stock worth $267,000 after buying an additional 414 shares during the period. Arizona State Retirement System boosted its position in shares of Five9 by 2.0% during the fourth quarter. Arizona State Retirement System now owns 21,694 shares of the software maker's stock worth $882,000 after buying an additional 424 shares during the period. Lindbrook Capital LLC grew its holdings in Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock worth $35,000 after buying an additional 520 shares in the last quarter. Finally, State of Wyoming increased its position in Five9 by 11.5% in the 1st quarter. State of Wyoming now owns 5,260 shares of the software maker's stock valued at $143,000 after acquiring an additional 543 shares during the period. Institutional investors own 96.64% of the company's stock.

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.

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