Five9 (NASDAQ:FIVN) President Sells $17,045.00 in Stock

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $24.35, for a total value of $17,045.00. Following the completion of the sale, the president owned 216,025 shares in the company, valued at $5,260,208.75. This trade represents a 0.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, October 1st, Andy Dignan sold 700 shares of Five9 stock. The shares were sold at an average price of $23.97, for a total value of $16,779.00.
• On Friday, September 5th, Andy Dignan sold 700 shares of Five9 stock. The shares were sold at an average price of $26.48, for a total value of $18,536.00.
• On Thursday, September 4th, Andy Dignan sold 7,614 shares of Five9 stock. The shares were sold at an average price of $25.48, for a total value of $194,004.72.

Five9 Trading Down 5.4%

Shares of NASDAQ:FIVN traded down $1.32 during trading on Tuesday, reaching $23.01. The stock had a trading volume of 1,480,255 shares, compared to its average volume of 1,901,862. The firm’s fifty day moving average is $24.44 and its 200 day moving average is $25.87. 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, Inc. has a 52 week low of $20.48 and a 52 week high of $49.90. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 255.70, a P/E/G ratio of 2.20 and a beta of 1.19.

Five9 (NASDAQ:FIVN) last posted its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 EPS for the quarter. The company had revenue of $283.27 million for the quarter. Five9 had a net margin of 0.80% and a return on equity of 8.91%. As a group, equities analysts forecast that Five9, Inc. will post 0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Piper Sandler cut their target price on Five9 from $36.00 to $31.00 and set an “overweight” rating on the stock in a research report on Monday, July 14th. DA Davidson restated a “neutral” rating and set a $28.00 price target on shares of Five9 in a report on Friday, September 12th. Zacks Research upgraded Five9 from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Morgan Stanley set a $30.00 target price on shares of Five9 in a research note on Tuesday, October 21st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Five9 in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Hedge Funds Weigh In On Five9

Large investors have recently modified their holdings of the company. Global Retirement Partners LLC lifted its stake in shares of Five9 by 81.7% in the third quarter. Global Retirement Partners LLC now owns 1,228 shares of the software maker’s stock valued at $30,000 after buying an additional 552 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in shares of Five9 in the second quarter valued at $32,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Five9 during the 3rd quarter valued at about $45,000. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Five9 by 419.2% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,243 shares of the software maker’s stock worth $61,000 after purchasing an additional 1,811 shares in the last quarter. Finally, Quarry LP bought a new stake in Five9 during the 1st quarter worth approximately $74,000. 96.64% of the stock is currently owned by institutional investors.

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.