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

Key Points

• Andy Dignan, President of Five9, Inc. (NASDAQ:FIVN), recently sold 700 shares at an average price of $26.16, amounting to approximately $18,312, which reflects a 0.31% decrease in his holdings.
• Five9's stock performance shows a trading volume of nearly 2.98 million shares on Tuesday, with a current stock price of $25.86, and a market cap of $2.00 billion.
• The company reported quarterly earnings of $0.76 per share, exceeding analysts' expectations, with revenue of $283.27 million, marking a 12.4% increase year-over-year.

Five9, Inc. (NASDAQ:FIVN - Get Free Report) President Andy Dignan sold 700 shares of Five9 stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $26.16, for a total value of $18,312.00. Following the transaction, the president directly owned 225,739 shares in the company, valued at approximately $5,905,332.24. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, July 1st, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $26.44, for a total transaction of $18,508.00.
• 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 value 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 value of $136,532.10.

Five9 Stock Down 3.6%

NASDAQ:FIVN traded down $0.90 during midday trading on Friday, reaching $24.39. 2,427,527 shares of the stock traded hands, compared to its average volume of 2,119,038. The stock has a market capitalization of $1.88 billion, a PE ratio of 271.03, a price-to-earnings-growth ratio of 2.38 and a beta of 1.17. Five9, Inc. has a 12-month low of $21.04 and a 12-month high of $49.90. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.44 and a current ratio of 4.44. The business has a 50-day moving average of $27.26 and a two-hundred day moving average of $29.63.

Five9 (NASDAQ:FIVN - Get Free Report) last released its earnings results on Thursday, July 31st. The software maker reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.11. Five9 had a net margin of 0.80% and a return on equity of 8.91%. The company had revenue of $283.27 million for the quarter, compared to the consensus estimate of $275.18 million. During the same quarter in the previous year, the firm earned $0.52 EPS. Five9's revenue was up 12.4% compared to the same quarter last year. On average, equities analysts forecast that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in Five9 in the second quarter valued at approximately $719,000. Geode Capital Management LLC boosted its holdings in shares of Five9 by 36.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,863,081 shares of the software maker's stock valued at $49,341,000 after acquiring an additional 497,344 shares during the last quarter. S Squared Technology LLC acquired a new stake in shares of Five9 in the second quarter worth $4,899,000. ProShare Advisors LLC raised its holdings in shares of Five9 by 198.4% during the second quarter. ProShare Advisors LLC now owns 23,080 shares of the software maker's stock worth $611,000 after purchasing an additional 15,346 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in Five9 by 139.9% during the second quarter. Acadian Asset Management LLC now owns 91,166 shares of the software maker's stock valued at $2,412,000 after purchasing an additional 53,161 shares during the period. 96.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on FIVN. Royal Bank Of Canada boosted their price target on shares of Five9 from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Wall Street Zen upgraded Five9 from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. KeyCorp assumed coverage on Five9 in a research note on Friday, June 6th. They issued an "overweight" rating and a $35.00 price objective on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $36.00 target price on shares of Five9 in a report on Friday, August 1st. Finally, DA Davidson raised shares of Five9 to a "hold" rating in a research note on Monday, August 4th. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.05.

About Five9

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.