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

Five9, Inc. (NASDAQ:FIVN - Get Free Report) President Andy Dignan sold 700 shares of the 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 transaction, the president now directly owns 227,139 shares in the company, valued at approximately $6,639,272.97. This represents a 0.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 stock was sold at an average price of $30.20, for a total value of $21,140.00.

Five9 Stock Up 1.4%

NASDAQ FIVN traded up $0.41 during trading hours 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. 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 $2.25 billion, a price-to-earnings ratio of -147.79, a P/E/G 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. The firm's 50 day moving average is $25.42 and its 200 day moving average is $33.76.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.14. The company 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 company's revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. Sell-side analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FIVN shares. Barclays reduced their price target on Five9 from $60.00 to $33.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. UBS Group dropped their price objective on Five9 from $55.00 to $35.00 and set a "buy" rating for the company in a report on Friday, May 2nd. William Blair restated an "outperform" rating on shares of Five9 in a report on Thursday, March 13th. Piper Sandler upped their price objective on Five9 from $46.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Evercore ISI dropped their price objective on Five9 from $55.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.15.

Institutional Trading of Five9

Large investors have recently modified their holdings of the business. Lindbrook Capital LLC grew its stake in shares of Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker's stock valued at $35,000 after acquiring an additional 520 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Five9 during the fourth quarter valued at about $36,000. Johnson Financial Group Inc. acquired a new stake in shares of Five9 during the fourth quarter valued at about $47,000. Steward Partners Investment Advisory LLC grew its stake 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 valued at $54,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Five9 by 419.2% during the first 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 currently owned by institutional investors and hedge funds.

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.