Five9, Inc. (NASDAQ:FIVN – Get Free Report) President Andy Dignan sold 17,767 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $35.03, for a total value of $622,378.01. Following the completion of the transaction, the president owned 257,920 shares of the company’s stock, valued at $9,034,937.60. The trade was a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andy Dignan also recently made the following trade(s):
- On Friday, June 5th, Andy Dignan sold 3,073 shares of Five9 stock. The shares were sold at an average price of $24.25, for a total value of $74,520.25.
- 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 Price Performance
NASDAQ FIVN traded down $0.53 on Tuesday, reaching $34.03. 1,672,413 shares of the company’s stock traded hands, compared to its average volume of 2,809,968. Five9, Inc. has a 12 month low of $13.29 and a 12 month high of $35.17. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.15 and a quick ratio of 4.15. The stock has a 50-day simple moving average of $27.49 and a 200 day simple moving average of $21.63. The stock has a market cap of $2.61 billion, a PE ratio of 49.32 and a beta of 1.42.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LP bought a new position in Five9 in the second quarter worth about $2,653,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Five9 during the 2nd quarter valued at approximately $721,000. California State Teachers Retirement System grew its holdings in shares of Five9 by 1,972.7% during the 2nd quarter. California State Teachers Retirement System now owns 1,879,593 shares of the software maker’s stock worth $40,073,000 after acquiring an additional 1,788,909 shares during the period. Ameritas Advisory Services LLC raised its position in shares of Five9 by 127.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 58,477 shares of the software maker’s stock worth $1,247,000 after acquiring an additional 32,795 shares in the last quarter. Finally, Nykredit A S purchased a new position in shares of Five9 in the 2nd quarter valued at approximately $39,000. 96.64% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have recently issued reports on FIVN. Robert W. Baird raised their target price on shares of Five9 from $22.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. DA Davidson upped their price target on shares of Five9 from $22.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Canaccord Genuity Group increased their price target on shares of Five9 from $33.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Wells Fargo & Company upped their price objective on shares of Five9 from $24.00 to $32.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 25th. Finally, Royal Bank Of Canada increased their target price on shares of Five9 from $25.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.14.
Read Our Latest Analysis on Five9
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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