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

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 7,512 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $20.28, for a total transaction of $152,343.36. Following 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, December 5th, Andy Dignan sold 700 shares of Five9 stock. The stock was sold at an average price of $20.53, for a total transaction 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 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 transaction of $16,779.00.

Five9 Stock Performance

Shares of NASDAQ:FIVN opened at $20.65 on Friday. The firm’s 50 day simple moving average is $21.53 and its 200-day simple moving average is $24.95. The company has a debt-to-equity ratio of 0.96, a quick ratio of 4.61 and a current ratio of 4.61. Five9, Inc. has a one year low of $17.71 and a one year high of $49.90. The firm has a market cap of $1.62 billion, a PE ratio of 57.36, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data 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 for the quarter. Five9 had a return on equity of 10.59% and a net margin of 2.77%. As a group, equities analysts predict that Five9, Inc. will post 0.28 EPS for the current year.

Five9 announced that its Board of Directors has authorized a stock buyback program on Tuesday, November 11th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the software maker to purchase up to 3.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have recently commented on FIVN. Weiss Ratings restated a “sell (d+)” rating on shares of Five9 in a research note on Monday. Wells Fargo & Company dropped their target price on shares of Five9 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Barclays reduced their price target 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. Wall Street Zen raised shares of Five9 from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Piper Sandler cut their price objective on shares of Five9 from $31.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.19.

Institutional Trading of Five9

A number of institutional investors have recently made changes to their positions in FIVN. Nisa Investment Advisors LLC purchased a new position in Five9 during the 2nd quarter worth $32,000. Global Retirement Partners LLC boosted its holdings in Five9 by 81.7% in the third quarter. Global Retirement Partners LLC now owns 1,228 shares of the software maker’s stock worth $30,000 after acquiring an additional 552 shares in the last quarter. Quarry LP acquired a new stake in Five9 in the third quarter worth about $33,000. Advisory Services Network LLC purchased a new stake in shares of Five9 during the third quarter worth about $38,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Five9 during the third quarter valued at about $45,000. 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.