Andy Dignan Sells 7,512 Shares of Five9 (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 7,512 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $20.28, for a total transaction of $152,343.36. Following the completion of the sale, the president directly owned 208,513 shares of the company’s stock, valued at $4,228,643.64. This represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, December 5th, Andy Dignan sold 700 shares of Five9 stock. The shares were sold at an average price of $20.53, for a total value of $14,371.00.
• On Monday, November 3rd, Andy Dignan sold 700 shares of Five9 stock. The shares were 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 Trading Down 0.4%

FIVN traded down $0.09 on Friday, hitting $20.65. 1,991,535 shares of the company were exchanged, compared to its average volume of 1,962,961. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.61 and a current ratio of 4.61. The firm has a fifty day simple moving average of $21.62 and a two-hundred day simple moving average of $25.00. The stock has a market capitalization of $1.62 billion, a PE ratio of 57.36, a price-to-earnings-growth 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.

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. Sell-side analysts expect that Five9, Inc. will post 0.28 earnings per share for the current year.

Five9 declared that its Board of Directors has approved a stock repurchase plan on Tuesday, November 11th that permits the company to buyback $50.00 million in shares. This buyback authorization permits 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 management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. DA Davidson reissued a “neutral” rating and issued a $28.00 target price on shares of Five9 in a research note on Friday, September 12th. Morgan Stanley set a $30.00 price objective on Five9 in a research report on Tuesday, October 21st. Piper Sandler reduced their target price on Five9 from $31.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Zacks Research lowered Five9 from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Barclays reduced their price objective on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.19.

Institutional Investors Weigh In On Five9

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new position in Five9 during the second quarter valued at $32,000. Global Retirement Partners LLC grew its position in shares of Five9 by 81.7% in the 3rd quarter. Global Retirement Partners LLC now owns 1,228 shares of the software maker’s stock worth $30,000 after buying an additional 552 shares during the period. Quarry LP bought a new position in shares of Five9 in the 3rd quarter worth about $33,000. Advisory Services Network LLC purchased a new position in Five9 during the 3rd quarter valued at about $38,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Five9 during the third quarter worth about $45,000. 96.64% of the stock is owned by hedge funds and other 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.