Five9, Inc. (NASDAQ:FIVN – Get Free Report) President Andy Dignan sold 3,073 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.25, for a total value of $74,520.25. Following the sale, the president directly owned 275,687 shares in the company, valued at $6,685,409.75. The trade was a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Andy Dignan also recently made the following trade(s):
- On Thursday, June 4th, Andy Dignan sold 8,203 shares of Five9 stock. The stock was sold at an average price of $24.76, for a total value of $203,106.28.
Five9 Trading Down 1.5%
Shares of NASDAQ FIVN opened at $21.35 on Thursday. The business’s 50 day moving average is $19.37 and its two-hundred day moving average is $18.71. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.51 and a quick ratio of 4.51. Five9, Inc. has a 1-year low of $13.29 and a 1-year high of $29.71. The stock has a market capitalization of $1.63 billion, a P/E ratio of 32.35, a PEG ratio of 0.96 and a beta of 1.45.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Robert W. Baird cut their target price on Five9 from $24.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. UBS Group upped their target price on Five9 from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Cantor Fitzgerald upped their target price on Five9 from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Barclays upped their target price on Five9 from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company cut their target price on Five9 from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Friday, February 20th. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.93.
Read Our Latest Analysis on FIVN
Institutional Trading of Five9
A number of large investors have recently modified their holdings of FIVN. Amundi boosted its holdings in shares of Five9 by 8.3% in the first quarter. Amundi now owns 40,291 shares of the software maker’s stock valued at $1,017,000 after purchasing an additional 3,079 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Five9 by 95.7% in the second quarter. Guggenheim Capital LLC now owns 27,826 shares of the software maker’s stock valued at $737,000 after purchasing an additional 13,606 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Five9 by 39.4% in the second quarter. California Public Employees Retirement System now owns 121,700 shares of the software maker’s stock valued at $3,223,000 after purchasing an additional 34,375 shares during the period. Qube Research & Technologies Ltd boosted its holdings in shares of Five9 by 52.7% in the second quarter. Qube Research & Technologies Ltd now owns 31,182 shares of the software maker’s stock valued at $826,000 after purchasing an additional 10,755 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Five9 by 147.2% in the second quarter. The Manufacturers Life Insurance Company now owns 40,137 shares of the software maker’s stock valued at $1,063,000 after purchasing an additional 23,901 shares during the period. Hedge funds and other institutional investors own 96.64% of the company’s stock.
Five9 Company Profile
Five9, Inc (NASDAQ: FIVN) is a leading provider of cloud-based contact center software designed to help organizations manage customer interactions across voice, email, chat, social media and other digital channels. Its platform offers features such as intelligent routing, analytics, workforce optimization and integrated customer relationship management (CRM) connectors. The company emphasizes AI-driven capabilities, including virtual agents and predictive dialing, to enhance both agent productivity and customer experience.
Founded in 2001 and headquartered in San Ramon, California, Five9 completed its initial public offering in February 2014.
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