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

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $20.53, for a total value of $14,371.00. Following the completion of the sale, the president owned 207,813 shares in the company, valued at approximately $4,266,400.89. The trade was a 0.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, December 4th, Andy Dignan sold 7,512 shares of Five9 stock. The stock was sold at an average price of $20.28, for a total transaction of $152,343.36.
• 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 transaction of $17,045.00.
• On Wednesday, October 1st, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $23.97, for a total value of $16,779.00.

Five9 Trading Down 0.4%

Shares of NASDAQ:FIVN opened at $20.65 on Friday. The business has a 50-day moving average price of $21.53 and a 200-day moving average price of $24.95. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 57.36, a PEG ratio of 1.29 and a beta of 1.35. Five9, Inc. has a 52-week low of $17.71 and a 52-week high of $49.90. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.96.

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

Five9 declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 11th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the software maker to purchase up to 3.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

FIVN has been the subject of several recent research reports. Barclays cut their target price on shares of Five9 from $33.00 to $29.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Five9 in a research report on Monday. DA Davidson reissued a “neutral” rating and issued a $28.00 price target on shares of Five9 in a research note on Friday, September 12th. Wells Fargo & Company reduced their price objective on shares of Five9 from $28.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Finally, Wall Street Zen raised Five9 from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Thirteen investment 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. Based on data from MarketBeat.com, Five9 currently has an average rating of “Moderate Buy” and an average price target of $35.19.

Institutional Investors Weigh In On Five9

Several hedge funds and other institutional investors have recently made changes to their positions in FIVN. Herald Investment Management Ltd grew its holdings in shares of Five9 by 24.4% in the 2nd quarter. Herald Investment Management Ltd now owns 262,000 shares of the software maker’s stock worth $6,927,000 after acquiring an additional 51,400 shares during the last quarter. Fox Run Management L.L.C. increased its stake in Five9 by 68.7% in the 2nd quarter. Fox Run Management L.L.C. now owns 31,508 shares of the software maker’s stock worth $834,000 after purchasing an additional 12,826 shares in the last quarter. Rock Creek Group LP acquired a new stake in Five9 during the 2nd quarter worth about $1,986,000. Gagnon Securities LLC lifted its stake in Five9 by 7.5% during the second quarter. Gagnon Securities LLC now owns 407,452 shares of the software maker’s stock valued at $10,789,000 after buying an additional 28,393 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Five9 in the second quarter worth about $297,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

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.