Andy Dignan Sells 4,845 Shares of Five9, Inc. (NASDAQ:FIVN) Stock

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 4,845 shares of Five9 stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.18, for a total transaction of $136,532.10. Following the completion of the transaction, the president now directly owns 227,839 shares in the company, valued at approximately $6,420,503.02. The trade was a 2.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, June 5th, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $29.23, for a total transaction of $20,461.00.
• On Tuesday, April 1st, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $27.00, for a total transaction of $18,900.00.
• On Tuesday, March 11th, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $30.20, for a total transaction of $21,140.00.

Five9 Stock Performance

FIVN opened at $29.15 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a fifty day moving average price of $25.42 and a 200 day moving average price of $33.82. Five9, Inc. has a 1 year low of $21.04 and a 1 year high of $49.90. The stock has a market cap of $2.22 billion, a P/E ratio of -145.74, a P/E/G ratio of 9.41 and a beta of 1.20.

Five9 (NASDAQ:FIVN) last posted its earnings results on Thursday, May 1st. The software maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.14. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. The firm had revenue of $279.71 million during the quarter, compared to analysts’ expectations of $272.26 million. During the same period in the previous year, the business posted $0.48 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current year.

Hedge Funds Weigh In On Five9

Large investors have recently made changes to their positions in the company. Lindbrook Capital LLC lifted its holdings in Five9 by 155.7% during the fourth quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares in the last quarter. Banque Transatlantique SA acquired a new position in shares of Five9 during the 4th quarter worth about $36,000. Johnson Financial Group Inc. purchased a new position in Five9 in the 4th quarter valued at about $47,000. Steward Partners Investment Advisory LLC boosted its holdings in Five9 by 7,305.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,333 shares of the software maker’s stock worth $54,000 after buying an additional 1,315 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings 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 worth $61,000 after buying an additional 1,811 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on FIVN shares. Evercore ISI dropped their target price on shares of Five9 from $55.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. UBS Group dropped their target price on shares of Five9 from $55.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. William Blair reissued an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Cantor Fitzgerald reissued an “overweight” rating on shares of Five9 in a research report on Wednesday, April 2nd. Finally, Jefferies Financial Group dropped their target price on shares of Five9 from $45.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.15.

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.