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 that occurred on Tuesday, July 1st. The shares were sold at an average price of $26.44, for a total transaction of $18,508.00. Following the completion of the transaction, the president owned 226,439 shares in the company, valued at $5,987,047.16. This represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a legal 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 shares were sold at an average price of $29.23, for a total transaction of $20,461.00.
• 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 transaction of $136,532.10.

Five9 Stock Performance

Shares of FIVN stock traded up $0.86 during trading hours on Friday, reaching $27.59. 2,294,640 shares of the company's stock were exchanged, compared to its average volume of 1,764,568. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.02 and a quick ratio of 2.02. The company's 50 day moving average is $26.94 and its two-hundred day moving average is $31.97. The company has a market cap of $2.10 billion, a P/E ratio of -306.52, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.14. The firm had revenue of $279.71 million during the quarter, compared to analysts' expectations of $272.26 million. Five9 had a positive return on equity of 6.06% and a negative net margin of 0.48%. Five9's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share. Equities research analysts anticipate that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. purchased a new stake in shares of Five9 during the 4th quarter worth approximately $268,000. Private Advisor Group LLC acquired a new position in Five9 during the fourth quarter worth $269,000. Proficio Capital Partners LLC purchased a new stake in Five9 during the fourth quarter worth $1,004,000. Schechter Investment Advisors LLC acquired a new stake in Five9 in the fourth quarter valued at $223,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in Five9 by 7,305.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker's stock valued at $54,000 after purchasing an additional 1,315 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Jefferies Financial Group cut their target price on Five9 from $45.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. 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. Cantor Fitzgerald reiterated an "overweight" rating on shares of Five9 in a research note 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 research report on Friday, May 2nd. Finally, Evercore ISI reduced their price target on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Five9 presently has a consensus rating of "Moderate Buy" and an average 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.