Five9 (NASDAQ:FIVN) Insider Tiffany Meriweather Sells 6,852 Shares

Five9, Inc. (NASDAQ:FIVN) insider Tiffany Meriweather sold 6,852 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $20.35, for a total transaction of $139,438.20. Following the completion of the sale, the insider owned 212,126 shares of the company’s stock, valued at approximately $4,316,764.10. The trade was a 3.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Five9 Stock Performance

Shares of NASDAQ FIVN traded down $0.09 during midday trading on Friday, reaching $20.65. The company’s stock had a trading volume of 1,991,535 shares, compared to its average volume of 1,962,961. The firm has a 50 day moving average price of $21.62 and a 200-day moving average price of $25.00. The stock has a market capitalization of $1.62 billion, a P/E ratio of 57.36, a PEG ratio of 1.27 and a beta of 1.35. Five9, Inc. has a 12-month low of $17.71 and a 12-month high of $49.90. The company has a debt-to-equity ratio of 0.96, a current ratio of 4.61 and a quick ratio of 4.61.

Five9 (NASDAQ:FIVN) last issued its quarterly earnings results on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. The company had revenue of $283.27 million for the quarter. Five9 had a net margin of 2.77% and a return on equity of 10.59%. As a group, equities analysts predict that Five9, Inc. will post 0.28 earnings per share for the current year.

Five9 declared that its Board of Directors has approved a share repurchase plan on Tuesday, November 11th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire up to 3.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Five9

A number of hedge funds have recently made changes to their positions in the business. Voss Capital LP lifted its stake in Five9 by 40.0% in the third quarter. Voss Capital LP now owns 4,550,000 shares of the software maker’s stock worth $110,110,000 after purchasing an additional 1,300,000 shares during the last quarter. Danske Bank A S purchased a new position in shares of Five9 during the third quarter valued at approximately $799,000. Advisory Services Network LLC bought a new position in Five9 in the 3rd quarter worth $38,000. CANADA LIFE ASSURANCE Co lifted its holdings in Five9 by 26.2% in the third quarter. CANADA LIFE ASSURANCE Co now owns 163,522 shares of the software maker’s stock worth $4,164,000 after buying an additional 33,898 shares during the period. Finally, Woodline Partners LP raised its position in shares of Five9 by 99.2% in the 3rd quarter. Woodline Partners LP now owns 19,877 shares of the software maker’s stock worth $481,000 after acquiring an additional 9,897 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Five9 in a research note on Monday. Wells Fargo & Company lowered their target price on shares of Five9 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Barclays dropped their price objective on Five9 from $33.00 to $29.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Cantor Fitzgerald reduced their price objective on shares of Five9 from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Finally, Wall Street Zen downgraded shares of Five9 from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.19.

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.