Five9, Inc. (NASDAQ:FIVN) President Sells $18,900.00 in Stock

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $27.00, for a total transaction of $18,900.00. Following the transaction, the president now owns 232,709 shares in the company, valued at $6,283,143. This represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value of $21,140.00.
• On Tuesday, March 4th, Andy Dignan sold 2,840 shares of Five9 stock. The shares were sold at an average price of $33.23, for a total value of $94,373.20.

Five9 Price Performance

FIVN stock opened at $23.00 on Friday. The company’s 50-day moving average price is $35.20 and its two-hundred day moving average price is $35.71. Five9, Inc. has a 12 month low of $22.09 and a 12 month high of $63.30. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32. The firm has a market cap of $1.74 billion, a P/E ratio of -114.99, a P/E/G ratio of 9.41 and a beta of 1.29.

Five9 (NASDAQ:FIVN) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.26 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.44). The firm had revenue of $278.66 million for the quarter, compared to analyst estimates of $267.70 million. Five9 had a negative net margin of 1.23% and a positive return on equity of 3.62%. On average, analysts anticipate that Five9, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Five9

Several large investors have recently bought and sold shares of the business. Moody National Bank Trust Division acquired a new position in Five9 during the first quarter worth about $423,000. Wellington Management Group LLP grew its holdings in shares of Five9 by 50.9% during the 4th quarter. Wellington Management Group LLP now owns 1,783,870 shares of the software maker’s stock valued at $72,496,000 after purchasing an additional 601,348 shares during the last quarter. Menard Financial Group LLC bought a new stake in shares of Five9 during the 4th quarter valued at approximately $206,000. Jefferies Financial Group Inc. acquired a new position in Five9 during the 4th quarter worth approximately $1,048,000. Finally, Sylebra Capital LLC boosted its position in Five9 by 59.4% in the fourth quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker’s stock valued at $152,228,000 after buying an additional 1,396,496 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on FIVN. Morgan Stanley increased their price target on Five9 from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Piper Sandler raised their target price on shares of Five9 from $46.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $65.00 price target on shares of Five9 in a research note on Wednesday, March 19th. William Blair restated an “outperform” rating on shares of Five9 in a research report on Thursday, March 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 target price on shares of Five9 in a research report on Friday. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $56.76.

About Five9

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.