Five9, Inc. (NASDAQ:FIVN – Get Free Report) President Andy Dignan sold 700 shares of Five9 stock in a transaction on Friday, September 5th. The stock was sold at an average price of $26.48, for a total transaction of $18,536.00. Following the transaction, the president directly owned 217,425 shares in the company, valued at approximately $5,757,414. This represents a 0.32% decrease in their ownership of the stock. The sale 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 Thursday, September 4th, Andy Dignan sold 7,614 shares of Five9 stock. The stock was sold at an average price of $25.48, for a total transaction of $194,004.72.
- On Friday, August 1st, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $26.16, for a total transaction of $18,312.00.
- 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.
Five9 Trading Down 1.1%
Shares of NASDAQ FIVN opened at $26.38 on Wednesday. The company’s fifty day moving average is $26.67 and its 200-day moving average is $27.28. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 293.14, a P/E/G ratio of 2.51 and a beta of 1.17. Five9, Inc. has a twelve month low of $21.04 and a twelve month high of $49.90. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 1.04.
Analysts Set New Price Targets
Several equities research analysts recently commented on FIVN shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Five9 in a research report on Friday, August 1st. Piper Sandler cut their price objective on shares of Five9 from $36.00 to $31.00 and set an “overweight” rating on the stock in a research report on Monday, July 14th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Five9 in a research report on Friday, August 1st. KeyCorp started coverage on shares of Five9 in a research report on Friday, June 6th. They issued an “overweight” rating and a $35.00 price objective on the stock. Finally, Wall Street Zen raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.59.
View Our Latest Research Report on Five9
Institutional Investors Weigh In On Five9
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC acquired a new stake in Five9 in the 2nd quarter valued at $32,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in Five9 by 419.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker’s stock valued at $61,000 after buying an additional 1,811 shares during the last quarter. Quarry LP acquired a new stake in Five9 in the 1st quarter valued at $74,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Five9 by 11,392.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,218 shares of the software maker’s stock worth $87,000 after purchasing an additional 3,190 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new position in shares of Five9 during the 1st quarter worth about $127,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.
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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