Insider Selling: Five9, Inc. (NASDAQ:FIVN) President Sells 700 Shares of Stock

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 the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $26.16, for a total transaction of $18,312.00. Following the sale, the president directly owned 225,739 shares of the company's stock, valued at approximately $5,905,332.24. The trade was a 0.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 stock was 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

FIVN traded up $0.81 on Tuesday, reaching $25.86. The company had a trading volume of 2,983,687 shares, compared to its average volume of 2,026,957. Five9, Inc. has a fifty-two week low of $21.04 and a fifty-two week high of $49.90. The stock has a market cap of $2.00 billion, a P/E ratio of 287.37, a P/E/G ratio of 2.60 and a beta of 1.17. The company's fifty day moving average is $27.36 and its 200 day moving average is $29.84. The company has a debt-to-equity ratio of 1.04, a quick ratio of 4.44 and a current ratio of 4.44.

Five9 (NASDAQ:FIVN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The software maker reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.11. Five9 had a net margin of 0.80% and a return on equity of 8.91%. The business had revenue of $283.27 million for the quarter, compared to analyst estimates of $275.18 million. During the same quarter in the prior year, the business earned $0.52 EPS. Five9's quarterly revenue was up 12.4% on a year-over-year basis. As a group, analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC acquired a new stake in shares of Five9 during the 4th quarter worth approximately $328,000. Geode Capital Management LLC lifted its stake in Five9 by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 1,317,450 shares of the software maker's stock valued at $53,558,000 after purchasing an additional 105,265 shares during the last quarter. ExodusPoint Capital Management LP lifted its stake in Five9 by 112.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 111,144 shares of the software maker's stock valued at $4,517,000 after purchasing an additional 58,733 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in Five9 in the 4th quarter valued at approximately $302,000. Finally, Wells Fargo & Company MN raised its stake in shares of Five9 by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 24,779 shares of the software maker's stock valued at $1,007,000 after acquiring an additional 852 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FIVN. DA Davidson raised shares of Five9 to a "hold" rating in a report on Monday. Canaccord Genuity Group reissued a "buy" rating and issued a $40.00 price target on shares of Five9 in a report on Friday. Piper Sandler lowered their price target on shares of Five9 from $36.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, July 14th. Evercore ISI lowered their price target on shares of Five9 from $55.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Barclays lowered their price target on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $41.14.

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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