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

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $27.00, for a total value of $18,900.00. Following the completion of the sale, the president now owns 232,709 shares of the company’s stock, valued at $6,283,143. This trade represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, March 11th, Andy Dignan sold 700 shares of Five9 stock. The shares were sold at an average price of $30.20, for a total transaction of $21,140.00.
• On Tuesday, March 4th, Andy Dignan sold 2,840 shares of Five9 stock. The stock was sold at an average price of $33.23, for a total transaction of $94,373.20.

Five9 Trading Down 8.1 %

NASDAQ:FIVN traded down $2.22 on Thursday, hitting $25.24. The stock had a trading volume of 2,505,602 shares, compared to its average volume of 1,566,961. The company has a fifty day moving average price of $35.81 and a two-hundred day moving average price of $35.77. Five9, Inc. has a 1-year low of $24.72 and a 1-year high of $63.30. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -126.19, a PEG ratio of 9.41 and a beta of 1.29.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). The business had revenue of $278.66 million during the quarter, compared to analyst estimates of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. Equities research analysts expect that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five9

Hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in Five9 in the 4th quarter valued at about $81,280,000. Ameriprise Financial Inc. increased its position in shares of Five9 by 353.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,395,566 shares of the software maker’s stock valued at $97,356,000 after acquiring an additional 1,867,137 shares during the last quarter. Sylebra Capital LLC raised its stake in shares of Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after acquiring an additional 1,396,496 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Five9 in the 4th quarter worth approximately $51,061,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Five9 by 50.9% in the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock worth $72,496,000 after acquiring an additional 601,348 shares during the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FIVN has been the topic of several research analyst reports. Morgan Stanley lifted their target price on shares of Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Cantor Fitzgerald boosted their price objective on Five9 from $46.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Needham & Company LLC reissued a “buy” rating and set a $52.00 target price on shares of Five9 in a report on Monday, March 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 price target on shares of Five9 in a research note on Thursday, March 20th. Finally, William Blair reiterated an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.76.

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.