Five9, Inc. (NASDAQ:FIVN) President Andy Dignan Sells 700 Shares

Five9, Inc. (NASDAQ:FIVN) President Andy Dignan sold 700 shares of Five9 stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total transaction of $21,140.00. Following the completion of the transaction, the president now directly owns 193,501 shares in the company, valued at approximately $5,843,730.20. The trade was a 0.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 transaction of $94,373.20.

Five9 Stock Performance

Shares of FIVN stock opened at $28.24 on Friday. Five9, Inc. has a 52-week low of $26.60 and a 52-week high of $63.79. 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 stock has a market cap of $2.14 billion, a PE ratio of -141.19, a price-to-earnings-growth ratio of 9.41 and a beta of 1.01. The business has a 50-day simple moving average of $38.42 and a 200-day simple moving average of $35.83.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on FIVN shares. Rosenblatt Securities increased their price objective on Five9 from $50.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 21st. William Blair reiterated an “outperform” rating on shares of Five9 in a research note on Thursday. Morgan Stanley boosted their price target on Five9 from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Cantor Fitzgerald increased their price objective on shares of Five9 from $46.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Barclays lifted their target price on shares of Five9 from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $57.65.

Institutional Trading of Five9

A number of hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in Five9 by 10.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,836 shares of the software maker’s stock valued at $156,000 after buying an additional 365 shares in the last quarter. Arizona State Retirement System grew its position in shares of Five9 by 2.0% during the 4th quarter. Arizona State Retirement System now owns 21,694 shares of the software maker’s stock valued at $882,000 after acquiring an additional 424 shares during the period. Lindbrook Capital LLC increased its stake in shares of Five9 by 155.7% in the 4th quarter. Lindbrook Capital LLC now owns 854 shares of the software maker’s stock valued at $35,000 after purchasing an additional 520 shares in the last quarter. Xponance Inc. raised its holdings in Five9 by 6.1% in the 4th quarter. Xponance Inc. now owns 9,421 shares of the software maker’s stock worth $383,000 after purchasing an additional 539 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in Five9 by 1.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 32,607 shares of the software maker’s stock worth $1,325,000 after purchasing an additional 590 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.