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

Five9, Inc. (NASDAQ:FIVN - Get Free Report) President Andy Dignan sold 700 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $29.23, for a total transaction of $20,461.00. Following the completion of the sale, the president now directly owns 227,139 shares in the company, valued at $6,639,272.97. This represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 shares were sold at an average price of $27.00, for a total transaction 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 $0.60 during mid-day trading on Friday, reaching $29.15. 2,017,687 shares of the company traded hands, compared to its average volume of 1,694,708. The company's 50 day moving average price is $25.38 and its 200-day moving average price is $33.88. The firm has a market cap of $2.22 billion, a PE ratio of -145.74, a PEG ratio of 9.41 and a beta of 1.23. Five9, Inc. has a 52 week low of $21.04 and a 52 week high of $49.90. 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 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $272.26 million. During the same period in the previous year, the business earned $0.48 earnings per share. The business's revenue was up 13.2% on a year-over-year basis. On average, equities analysts expect that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on FIVN. William Blair restated an "outperform" rating on shares of Five9 in a research note on Thursday, March 13th. Cantor Fitzgerald restated an "overweight" rating on shares of Five9 in a research report on Wednesday, April 2nd. Royal Bank of Canada raised their target price on shares of Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Piper Sandler lifted their target price on shares of Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Evercore ISI lowered their price target on Five9 from $55.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.15.

Institutional Trading of Five9

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC boosted 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 during the last quarter. Banque Transatlantique SA purchased a new stake in shares of Five9 in the fourth quarter worth about $36,000. Johnson Financial Group Inc. purchased a new stake in shares of Five9 in the fourth quarter worth about $47,000. Steward Partners Investment Advisory LLC boosted its stake in 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 valued at $54,000 after buying an additional 1,315 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Five9 by 419.2% during 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 buying an additional 1,811 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

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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