Andy Dignan Sells 700 Shares of Five9 (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $20.53, for a total transaction of $14,371.00. Following the transaction, the president directly owned 207,813 shares in the company, valued at approximately $4,266,400.89. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, December 4th, Andy Dignan sold 7,512 shares of Five9 stock. The shares were sold at an average price of $20.28, for a total value of $152,343.36.
• On Monday, November 3rd, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $24.35, for a total value of $17,045.00.
• 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.

Five9 Stock Down 0.4%

Shares of FIVN stock traded down $0.09 during mid-day trading on Friday, hitting $20.65. The stock had a trading volume of 1,991,535 shares, compared to its average volume of 1,962,961. 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. The firm’s 50-day moving average is $21.53 and its two-hundred day moving average is $24.95. The firm has a market capitalization of $1.62 billion, a P/E ratio of 57.36, a price-to-earnings-growth ratio of 1.27 and a beta of 1.35.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Friday, August 22nd. The software maker reported $0.76 earnings per share for the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%.The firm had revenue of $283.27 million during the quarter. On average, analysts predict that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Five9 declared that its Board of Directors has initiated a stock buyback plan on Tuesday, November 11th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the software maker to purchase up to 3.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have weighed in on FIVN shares. DA Davidson restated a “neutral” rating and set a $28.00 target price on shares of Five9 in a report on Friday, September 12th. Zacks Research lowered Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Piper Sandler dropped their price objective on Five9 from $31.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Wells Fargo & Company cut their target price on Five9 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Finally, Cantor Fitzgerald reduced their target price on shares of Five9 from $36.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Thirteen equities 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $35.19.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Voss Capital LP increased its position in Five9 by 211.4% during the 2nd quarter. Voss Capital LP now owns 3,250,000 shares of the software maker’s stock valued at $86,060,000 after buying an additional 2,206,173 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Five9 by 292.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker’s stock worth $72,745,000 after acquiring an additional 1,996,628 shares during the last quarter. Norges Bank acquired a new position in shares of Five9 during the second quarter valued at about $39,056,000. Federated Hermes Inc. increased its holdings in shares of Five9 by 124,372.3% during the second quarter. Federated Hermes Inc. now owns 830,230 shares of the software maker’s stock valued at $21,984,000 after acquiring an additional 829,563 shares in the last quarter. Finally, Anson Funds Management LP raised its position in shares of Five9 by 98.5% in the 3rd quarter. Anson Funds Management LP now owns 1,534,272 shares of the software maker’s stock valued at $37,129,000 after purchasing an additional 761,486 shares during the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

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.